Side by sideNVIDIA (NVDA) and Qualcomm (QCOM)Memos of October 16, 2026 and October 13, 2026
NVIDIA vs Qualcomm stock: the numbers side by side (October 2026)
How do NVIDIA and Qualcomm compare?
| NVIDIA NVDA | Qualcomm QCOM | |
|---|---|---|
| Revenue growth | 65.5%Jan 2026 | 13.7%Sep 2025 |
| Operating margin | 60.4%Jan 2026 | 27.9%Sep 2025 |
| Free cash flow | 96,676US$ millions · Jan 2026 | 12,820US$ millions · Sep 2025 |
| Free cash flow yield | 1.9%Today (Oct 16, 2026) | 6.9%Today (Oct 13, 2026) |
| Dividend yield | 0.5%Today (Oct 16, 2026) | 2.1%Today (Oct 13, 2026) |
| P/E, last 12 months | 27.4xToday (Oct 16, 2026) | 20.2xToday (Oct 13, 2026) |
| P/E, next 12 months | 13.7xToday (Oct 16, 2026) | 17.2xToday (Oct 13, 2026) |
| Weighted price forecast, about 1 year | 284.31 (+32 %)October 2027 | 142.82 (-16%)October 2027 |
| Weighted price forecast, about 3 years | 395.86 (+84 %)October 2029 | 224.14 (+35%)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | NVIDIA | The higher figure |
| Operating margin | NVIDIA | The higher figure |
| Free cash flow | NVIDIA | 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 | NVIDIA | The lower figure |
| Weighted price forecast, about 1 year | NVIDIA | The higher weighted return |
| Weighted price forecast, about 3 years | NVIDIA | The higher weighted return |
What does each company do?
NVIDIA sells connected computing platforms—GPUs, networking, systems and software—to cloud providers, server makers and businesses.
NVIDIA (NVDA), from our memo of October 16, 2026 · NVIDIA 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