Baird sets USD 400 target for Qualcomm stock

Published on 10/12/2026 at 11:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue reached USD 9.9 billion and adjusted earnings per share USD 2.21. Qualcomm stock costs EUR 156.66 on October 12, 2026 versus EUR 155.20.

Key points in brief

Baird set a USD 400 price target and maintained an Outperform rating for Qualcomm on October 8, 2026.
Qualcomm reported USD 9.9 billion in third-quarter fiscal 2026 revenue and non-GAAP earnings per share of USD 2.21.
The stock was at EUR 156.66 at Lang & Schwarz on October 12, 2026, plus EUR 1.46 and plus 0.94 percent versus the Xetra close of EUR 155.20.
Qualcomm's fiscal 2026 third-quarter non-handset revenue grew 28.00 percent year over year, while automotive revenue rose 61.00 percent.

Schwarz-Weiß-Reportagefoto eines 5G-Antennenturms mit mehreren Panel-Antennen vor dramatisch bewölktem Himmel im Hochkontrast-Dokumentarstil — Qualcomm US7475251036 dokumentiert 5G Antennenmast vor dramatischem bewölkten Himmel als Schwarz Weiß Reportage, Illustration mit AI erstellt.

Qualcomm (ISIN US7475251036) was assigned a USD 400 price target by Baird on October 8, 2026, while the analyst kept an Outperform rating on the stock. The target followed Qualcomm's multi-year patent agreement with Huawei, which was announced on October 5, 2026.

Three dated Qualcomm milestones

On July 29, 2026, Qualcomm reported USD 9.9 billion in revenue and non-GAAP earnings per share of USD 2.21 for the third fiscal quarter, according to Yahoo Finance.

On October 5, 2026, Qualcomm announced a multi-year agreement with Huawei covering four named technology fields: 5G, compute, artificial intelligence and networking. On October 8, Baird analyst Tristan Gerra set the USD 400 target and reiterated an Outperform view, as Yahoo Finance reported.

What does diversification add?

Qualcomm's third fiscal quarter showed the shift beyond handsets: non-handset revenue in its chip business grew 28.00 percent year over year, while automotive revenue rose 61.00 percent to USD 1.60 billion, according to Yahoo Finance. Management also lifted its fiscal 2029 non-handset revenue target to USD 40.00 billion from USD 22.00 billion.

The counterweight is the handset business. QCT handset revenue was USD 5.10 billion in the third fiscal quarter, while management said higher memory costs and lower expected Apple product revenue would pressure the near-term mix.

Next date and market frame

Finzer lists November 4, 2026, as Qualcomm's next earnings date and identifies the company as listed on Nasdaq under ticker QCOM, with ISIN US7475251036. The same profile gives a USD 121.99 to USD 259.92 52-week range, while the finance quote shows USD 184.30 billion in market capitalization as of October 9, 2026.

For investors, the key tension is visible in the numbers: Baird's USD 400 target rests on long-term edge artificial intelligence growth, while Qualcomm's latest quarter still showed a USD 5.10 billion handset business exposed to memory and customer-mix pressure.

EUR 156.66 versus the Xetra close

At Lang & Schwarz, Qualcomm was trading at EUR 156.66 on October 12, 2026 at 11:36 a.m. CEST, up EUR 1.46 and plus 0.94 percent versus the Xetra close of EUR 155.20 on October 9, 2026.

The further course of trading is shown by the continuously updated real-time quote of Qualcomm stock.