Qualcomm stock gains on Amazon AI chip deal and data center ambitions
Published on 09/14/2026 at 14:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Qualcomm Incorporated stock (ISIN US7475251036) closed at USD 181.97 on Nasdaq on September 11, 2026, up 2.88 percent from the prior close as investors digested fresh details of its long-term AI chip partnership with Amazon Web Services and the latest quarterly figures.
Amazon AI chip deal lifts sentiment
According to MarketBeat on September 9, 2026, Qualcomm shares jumped after the company struck a multi-year agreement to supply Amazon Web Services with custom data center chips and optical networking products, tied to warrants and potential purchases of up to USD 60 billion through 2036.
As Seeking Alpha reported on September 13, 2026, Qualcomm targets USD 15 billion in data center revenue by fiscal year 2029, with total non-handset sales projected at about USD 40 billion, underscoring a strategic pivot away from reliance on smartphones.
Latest quarterly figures and automotive growth
Qualcomm’s most recent reported numbers come from its third quarter of fiscal year 2026, which ended within the last nine months and therefore represent the current fundamental picture.
According to an analysis on September 13, 2026, from TradingKey, Qualcomm generated Q3 FY2026 revenue of USD 9.95 billion, beating market expectations of USD 9.67 billion by roughly 2.84 percent.
In the same Q3 FY2026 period, Qualcomm’s automotive segment delivered record revenue of USD 1.6 billion, marking a 61 percent year-over-year increase, while non-handset revenue excluding automotive rose 28 percent, highlighting how diversification beyond smartphones is now a major driver of growth.
The TradingKey analysis also noted that Qualcomm guided for Q4 FY2026 earnings per share between USD 2.05 and USD 2.25 and revenue between USD 9.7 billion and USD 10.5 billion, compared with consensus expectations for EPS of around USD 2.36 to USD 2.38 and revenue near USD 10.02 billion, indicating that guidance came in below the prior EPS range and slightly softer than revenue estimates.
Analyst views and valuation backdrop
Analyst sentiment on Qualcomm remains mixed but constructive, with the AI data center story increasingly in focus.
According to MarketBeat on September 14, 2026, the stock carries a consensus Hold rating, with an average price target of USD 204.10, implying upside of around 12 percent from the September 11, 2026 closing level of USD 181.97.
The same MarketBeat overview highlights that Qualcomm continues to pay a quarterly dividend of USD 0.92 per share, equivalent to USD 3.68 annually and a yield near 2.0 percent at recent prices, providing an income component alongside the AI growth narrative.
As Seeking Alpha outlined on September 13, 2026, Qualcomm’s shares trade at roughly 10 times a FY2029 earnings-per-share target of USD 18, based on management’s long-term projections, a multiple that some investors view as modest given the planned expansion in data center and other non-handset businesses.
Stock performance and trading levels
Per Nasdaq data cited by MarketWatch on September 11, 2026 at 4:00 p.m. Eastern Time, Qualcomm stock closed at USD 181.97, a gain of USD 5.09 or 2.88 percent on the day, with after-hours trading lifting the price slightly to USD 182.13 by 7:59 p.m. Eastern Time.
The same MarketBeat stock overview lists the closing price of USD 181.97 for September 11, 2026 and shows that Qualcomm’s market capitalization at that level stands in the tens of billions of dollars in USD terms, underscoring its role as a large-cap semiconductor and communications group.
For investors, the combination of a USD 181.97 reference price on Nasdaq as of September 11, 2026 and an average analyst target of USD 204.10 frames a moderate upside expectation, while the Q3 FY2026 beat and strong automotive growth provide concrete evidence that the pivot toward AI and non-handset markets is already showing up in reported numbers.
Key data on Qualcomm stock
- Company: Qualcomm Incorporated
- ISIN: US7475251036
- Ticker: QCOM
- Trading venue: Nasdaq
- Price (as of September 11, 2026, 16:00): 181.97 USD
- Market capitalization: roughly tens of billions USD (as of September 11, 2026)
- Sector / Industry: Semiconductors / Communications equipment
- Index membership: S&P 500
