Side by sideApple (AAPL) and Qualcomm (QCOM)Memos of October 11, 2026 and October 13, 2026
Apple vs Qualcomm stock: the numbers side by side (October 2026)
How do Apple and Qualcomm compare?
| Apple AAPL | Qualcomm QCOM | |
|---|---|---|
| Revenue growth | 6.4%Sep 2025 | 13.7%Sep 2025 |
| Operating margin | 32.0%Sep 2025 | 27.9%Sep 2025 |
| Free cash flow | 98,767US$ millions · Sep 2025 | 12,820US$ millions · Sep 2025 |
| Free cash flow yield | 2.0%Today (Oct 11, 2026) | 6.9%Today (Oct 13, 2026) |
| Dividend yield | 0.3%Today (Oct 11, 2026) | 2.1%Today (Oct 13, 2026) |
| P/E, last 12 months | 38.6xToday (Oct 11, 2026) | 20.2xToday (Oct 13, 2026) |
| P/E, next 12 months | 35.0xToday (Oct 11, 2026) | 17.2xToday (Oct 13, 2026) |
| Weighted price forecast, about 1 year | 315.27 (-6 %)October 2027 | 142.82 (-16%)October 2027 |
| Weighted price forecast, about 3 years | 313.03 (-6 %)October 2029 | 224.14 (+35%)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Qualcomm | The higher figure |
| Operating margin | Apple | The higher figure |
| Free cash flow | Apple | The higher figure |
| Free cash flow yield | Qualcomm | The higher figure |
| Dividend yield | Qualcomm | The higher figure |
| P/E, last 12 months | Qualcomm | The lower figure |
| P/E, next 12 months | Qualcomm | The lower figure |
| Weighted price forecast, about 1 year | Apple | The higher weighted return |
| Weighted price forecast, about 3 years | Qualcomm | The higher weighted return |
What does each company do?
Apple sells iPhones, Macs, iPads, wearables and services to consumers and organizations.
Apple (AAPL), from our memo of October 11, 2026 · Apple stock forecast
Qualcomm sells Snapdragon phone platforms, automotive computing and connectivity, and industrial and networking products to manufacturers.
Qualcomm (QCOM), from our memo of October 13, 2026 · Qualcomm stock forecast