Side by sideIntel (INTC) and Qualcomm (QCOM)Memos of October 10, 2026 and October 13, 2026
Intel vs Qualcomm stock: the numbers side by side (October 2026)
How do Intel and Qualcomm compare?
| Intel INTC | Qualcomm QCOM | |
|---|---|---|
| Revenue growth | -0.5%Year to Dec 2025 | 13.7%Sep 2025 |
| Operating margin | -4.2%Year to Dec 2025 | 27.9%Sep 2025 |
| Free cash flow | -4,949US$ millions · Year to Dec 2025 | 12,820US$ millions · Sep 2025 |
| Free cash flow yield | -0.3%Today (Oct 9, 2026) | 6.9%Today (Oct 13, 2026) |
| Dividend yield | 0.0%Today (Oct 9, 2026) | 2.1%Today (Oct 13, 2026) |
| P/E, last 12 months | not meaningfulToday (Oct 9, 2026) | 20.2xToday (Oct 13, 2026) |
| P/E, next 12 months | 50.0xToday (Oct 9, 2026) | 17.2xToday (Oct 13, 2026) |
| Weighted price forecast, about 1 year | 85.88 (-20%)October 2027 | 142.82 (-16%)October 2027 |
| Weighted price forecast, about 3 years | 93.04 (-13%)October 2029 | 224.14 (+35%)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Qualcomm | The higher figure |
| Operating margin | Qualcomm | The higher figure |
| Free cash flow | Qualcomm | The higher figure |
| Free cash flow yield | Qualcomm | The higher figure |
| Dividend yield | Qualcomm | The higher figure |
| P/E, last 12 months | — | The lower figure |
| P/E, next 12 months | Qualcomm | The lower figure |
| Weighted price forecast, about 1 year | Qualcomm | The higher weighted return |
| Weighted price forecast, about 3 years | Qualcomm | The higher weighted return |
What does each company do?
Intel sells Core processors—the chips that carry out instructions in a computer—to PC makers, and Xeon processors to server makers and cloud operators.
Intel (INTC), from our memo of October 10, 2026 · Intel 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