Subtext

QUALCOMM Incorporated QCOM

SectorInformation Technology
Transcripts78
Date range2005-11-16 – 2025-04-30
Calls charted77

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-20-10+0+10+202005 Q42008 Q32011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42005 Q4 · Overall: +5.92006 Q1 · Overall: +8.12006 Q2 · Overall: +6.12006 Q3 · Overall: +8.62006 Q4 · Overall: +1.02007 Q1 · Overall: +6.22007 Q3 · Overall: -3.52007 Q4 · Overall: +4.22008 Q1 · Overall: +2.52008 Q2 · Overall: +5.22008 Q3 · Overall: +5.12008 Q4 · Overall: -1.02009 Q1 · Overall: +0.32009 Q2 · Overall: +3.52009 Q3 · Overall: +4.82009 Q4 · Overall: +4.12010 Q1 · Overall: +5.72010 Q2 · Overall: +4.12010 Q4 · Overall: +5.12011 Q1 · Overall: +7.92011 Q2 · Overall: +8.42011 Q3 · Overall: +8.32011 Q4 · Overall: +9.22012 Q1 · Overall: +8.92012 Q2 · Overall: +5.52012 Q3 · Overall: +7.82012 Q4 · Overall: +6.82013 Q1 · Overall: +8.62013 Q2 · Overall: +5.42013 Q3 · Overall: +8.72013 Q4 · Overall: +7.82014 Q1 · Overall: +5.72014 Q2 · Overall: +1.82014 Q3 · Overall: -3.92014 Q4 · Overall: -5.42015 Q1 · Overall: -1.02015 Q2 · Overall: +2.02015 Q3 · Overall: +9.02015 Q4 · Overall: +8.12016 Q1 · Overall: +4.82016 Q2 · Overall: +7.42016 Q3 · Overall: +10.12016 Q4 · Overall: +8.22017 Q1 · Overall: -1.52017 Q2 · Overall: -6.72017 Q3 · Overall: -5.72017 Q4 · Overall: +3.42018 Q1 · Overall: +4.02018 Q2 · Overall: -0.22018 Q3 · Overall: +5.02018 Q4 · Overall: -1.62019 Q1 · Overall: -3.42019 Q2 · Overall: -0.92019 Q3 · Overall: -0.62019 Q4 · Overall: +2.32020 Q1 · Overall: +6.82020 Q2 · Overall: -0.62020 Q3 · Overall: +4.02020 Q4 · Overall: +12.42021 Q1 · Overall: +9.22021 Q2 · Overall: +17.02021 Q3 · Overall: +11.32021 Q4 · Overall: +10.02022 Q1 · Overall: +13.62022 Q2 · Overall: +16.12022 Q3 · Overall: +7.32022 Q4 · Overall: +1.72023 Q1 · Overall: +7.32023 Q2 · Overall: +8.52023 Q3 · Overall: +6.72023 Q4 · Overall: +13.22024 Q1 · Overall: +8.42024 Q2 · Overall: +13.12024 Q3 · Overall: +6.92024 Q4 · Overall: +11.82025 Q1 · Overall: +12.92025 Q2 · Overall: +10.0
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-37-18+0+18+372005 Q42008 Q32011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42005 Q4 · CEO: +17.32006 Q1 · CEO: +22.22006 Q2 · CEO: +14.82006 Q3 · CEO: +12.82006 Q4 · CEO: +20.12007 Q1 · CEO: +22.62007 Q3 · CEO: +4.02007 Q4 · CEO: +22.12008 Q1 · CEO: +22.42008 Q2 · CEO: +20.22008 Q3 · CEO: +18.32008 Q4 · CEO: +8.02009 Q1 · CEO: +6.12009 Q2 · CEO: +21.92009 Q3 · CEO: +18.32009 Q4 · CEO: +16.22010 Q4 · CEO: +15.72011 Q1 · CEO: +15.22011 Q2 · CEO: +15.42011 Q3 · CEO: +18.72011 Q4 · CEO: +25.02012 Q1 · CEO: +21.12012 Q2 · CEO: +29.62012 Q3 · CEO: +23.22012 Q4 · CEO: +18.92013 Q1 · CEO: +19.52013 Q2 · CEO: +24.02013 Q3 · CEO: +25.52013 Q4 · CEO: +25.62014 Q1 · CEO: +18.62014 Q2 · CEO: +16.72014 Q3 · CEO: +18.72014 Q4 · CEO: +14.02015 Q1 · CEO: +11.42015 Q2 · CEO: +15.12015 Q3 · CEO: +22.52015 Q4 · CEO: +26.22016 Q1 · CEO: +27.52016 Q2 · CEO: +32.02016 Q3 · CEO: +27.62017 Q1 · CEO: +13.02017 Q2 · CEO: +16.82017 Q3 · CEO: +26.82018 Q1 · CEO: +17.32024 Q1 · CEO: +19.82006 Q1 · CFO: +7.62006 Q2 · CFO: +6.12006 Q3 · CFO: +14.82006 Q4 · CFO: +1.12007 Q1 · CFO: +4.42007 Q3 · CFO: +10.32008 Q1 · CFO: +9.52008 Q2 · CFO: +3.22008 Q3 · CFO: +4.62009 Q1 · CFO: -1.62009 Q2 · CFO: +2.12009 Q3 · CFO: +4.42009 Q4 · CFO: +2.42010 Q1 · CFO: +1.22010 Q2 · CFO: +3.62010 Q4 · CFO: +8.42011 Q1 · CFO: +8.52011 Q2 · CFO: +9.02011 Q3 · CFO: +14.42011 Q4 · CFO: +5.22012 Q1 · CFO: +3.42012 Q2 · CFO: +7.12012 Q3 · CFO: +6.92012 Q4 · CFO: +8.72013 Q1 · CFO: +16.92013 Q2 · CFO: +7.72013 Q3 · CFO: +5.62013 Q4 · CFO: +15.72014 Q1 · CFO: +13.52014 Q2 · CFO: +5.72014 Q3 · CFO: -1.52014 Q4 · CFO: -8.92015 Q1 · CFO: -1.92015 Q2 · CFO: +3.72016 Q1 · CFO: +5.42016 Q3 · CFO: +10.32017 Q1 · CFO: +0.02017 Q2 · CFO: -9.52017 Q3 · CFO: -9.32018 Q1 · CFO: +3.5
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-37-18+0+18+372005 Q42008 Q32011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42005 Q4 · Prepared remarks: +6.22006 Q1 · Prepared remarks: +12.32006 Q2 · Prepared remarks: +8.32006 Q3 · Prepared remarks: +13.32006 Q4 · Prepared remarks: +5.62007 Q1 · Prepared remarks: +9.42007 Q3 · Prepared remarks: -1.12007 Q4 · Prepared remarks: +4.22008 Q1 · Prepared remarks: +2.22008 Q2 · Prepared remarks: +8.92008 Q3 · Prepared remarks: +7.02008 Q4 · Prepared remarks: +3.12009 Q1 · Prepared remarks: +4.92009 Q2 · Prepared remarks: +8.82009 Q3 · Prepared remarks: +15.22009 Q4 · Prepared remarks: +10.92010 Q1 · Prepared remarks: +8.42010 Q2 · Prepared remarks: +11.82010 Q4 · Prepared remarks: +5.62011 Q1 · Prepared remarks: +8.32011 Q2 · Prepared remarks: +8.82011 Q3 · Prepared remarks: +10.72011 Q4 · Prepared remarks: +9.72012 Q1 · Prepared remarks: +9.42012 Q2 · Prepared remarks: +5.72012 Q3 · Prepared remarks: +8.12012 Q4 · Prepared remarks: +7.02013 Q1 · Prepared remarks: +9.22013 Q2 · Prepared remarks: +7.22013 Q3 · Prepared remarks: +20.42013 Q4 · Prepared remarks: +23.92014 Q1 · Prepared remarks: +18.62014 Q2 · Prepared remarks: +15.82014 Q3 · Prepared remarks: +8.92014 Q4 · Prepared remarks: +2.62015 Q1 · Prepared remarks: +5.52015 Q2 · Prepared remarks: +11.32015 Q3 · Prepared remarks: +20.52015 Q4 · Prepared remarks: +16.92016 Q1 · Prepared remarks: +16.52016 Q2 · Prepared remarks: +22.82016 Q3 · Prepared remarks: +24.22016 Q4 · Prepared remarks: +12.82017 Q1 · Prepared remarks: +11.72017 Q2 · Prepared remarks: +4.82017 Q3 · Prepared remarks: +1.02017 Q4 · Prepared remarks: +5.92018 Q1 · Prepared remarks: +9.32018 Q2 · Prepared remarks: +10.62018 Q3 · Prepared remarks: +7.12018 Q4 · Prepared remarks: +8.42019 Q1 · Prepared remarks: +1.42019 Q2 · Prepared remarks: +11.62019 Q3 · Prepared remarks: +6.92019 Q4 · Prepared remarks: +13.42020 Q1 · Prepared remarks: +15.42020 Q2 · Prepared remarks: +10.32020 Q3 · Prepared remarks: +19.42020 Q4 · Prepared remarks: +30.52021 Q1 · Prepared remarks: +26.12021 Q2 · Prepared remarks: +30.02021 Q3 · Prepared remarks: +19.52021 Q4 · Prepared remarks: +27.42022 Q1 · Prepared remarks: +25.42022 Q2 · Prepared remarks: +32.12022 Q3 · Prepared remarks: +15.72022 Q4 · Prepared remarks: +1.92023 Q1 · Prepared remarks: +19.62023 Q2 · Prepared remarks: +22.32023 Q3 · Prepared remarks: +22.12023 Q4 · Prepared remarks: +29.02024 Q1 · Prepared remarks: +21.52024 Q2 · Prepared remarks: +24.52024 Q3 · Prepared remarks: +19.12024 Q4 · Prepared remarks: +25.82025 Q1 · Prepared remarks: +28.12025 Q2 · Prepared remarks: +25.92006 Q1 · Q&A responses: +9.12006 Q2 · Q&A responses: +10.02006 Q3 · Q&A responses: +9.72006 Q4 · Q&A responses: +0.42007 Q1 · Q&A responses: +5.02007 Q3 · Q&A responses: -19.42007 Q4 · Q&A responses: +9.32008 Q1 · Q&A responses: +17.82008 Q2 · Q&A responses: +5.02008 Q4 · Q&A responses: -4.02009 Q1 · Q&A responses: +2.82009 Q2 · Q&A responses: +1.92009 Q3 · Q&A responses: +4.52009 Q4 · Q&A responses: +1.32010 Q1 · Q&A responses: +9.02010 Q2 · Q&A responses: +1.62013 Q1 · Q&A responses: +18.42013 Q3 · Q&A responses: +6.62013 Q4 · Q&A responses: +7.42014 Q1 · Q&A responses: +9.02014 Q2 · Q&A responses: +2.32014 Q3 · Q&A responses: -1.72014 Q4 · Q&A responses: -10.02015 Q1 · Q&A responses: +0.82015 Q2 · Q&A responses: +5.82015 Q3 · Q&A responses: +7.12015 Q4 · Q&A responses: +9.92016 Q1 · Q&A responses: +0.72016 Q2 · Q&A responses: +6.92016 Q3 · Q&A responses: +9.42016 Q4 · Q&A responses: +13.82017 Q1 · Q&A responses: -11.62017 Q2 · Q&A responses: -16.92017 Q3 · Q&A responses: -1.82018 Q1 · Q&A responses: +7.82018 Q2 · Q&A responses: +3.72018 Q4 · Q&A responses: -5.52019 Q1 · Q&A responses: +1.92019 Q2 · Q&A responses: +4.82019 Q3 · Q&A responses: +2.62019 Q4 · Q&A responses: +4.62020 Q1 · Q&A responses: +10.22020 Q2 · Q&A responses: +2.92020 Q3 · Q&A responses: +4.02020 Q4 · Q&A responses: +16.22021 Q1 · Q&A responses: +13.72021 Q2 · Q&A responses: +22.62021 Q3 · Q&A responses: +18.72021 Q4 · Q&A responses: +15.42022 Q1 · Q&A responses: +21.12022 Q2 · Q&A responses: +17.42022 Q3 · Q&A responses: +12.22023 Q1 · Q&A responses: +9.72023 Q2 · Q&A responses: +10.02023 Q3 · Q&A responses: +1.92023 Q4 · Q&A responses: +16.72024 Q1 · Q&A responses: +13.62024 Q2 · Q&A responses: +15.82024 Q3 · Q&A responses: +6.72024 Q4 · Q&A responses: +9.92025 Q1 · Q&A responses: +13.62025 Q2 · Q&A responses: +10.9
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$2.60$8.19$13.792005 Q42008 Q32011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42014 Q1: $5.402014 Q2: $5.602014 Q3: $5.542014 Q4: $5.342015 Q1: $5.222015 Q2: $5.042015 Q3: $4.742015 Q4: $4.362016 Q1: $4.452016 Q2: $4.492016 Q3: $4.752016 Q4: $4.802017 Q1: $4.742017 Q2: $4.122017 Q3: $3.372017 Q4: $3.602018 Q1: $3.582018 Q2: $3.442018 Q3: $4.402018 Q4: $4.002019 Q1: $4.212019 Q2: $4.822019 Q3: $4.272019 Q4: $4.672020 Q1: $5.072020 Q2: $5.312020 Q3: $6.402020 Q4: $7.282021 Q1: $7.702021 Q2: $8.392021 Q3: $9.232021 Q4: $10.962022 Q1: $12.222022 Q2: $13.022022 Q3: $12.952022 Q4: $10.772023 Q1: $10.392023 Q2: $9.312023 Q3: $9.192023 Q4: $9.572024 Q1: $10.272024 Q2: $10.922024 Q3: $11.132024 Q4: $11.42

Forward P/E

8.9715.3321.682005 Q42008 Q32011 Q22013 Q42016 Q22018 Q42021 Q22023 Q42014 Q1: 14.222014 Q2: 14.152014 Q3: 13.692014 Q4: 13.522015 Q1: 13.452015 Q2: 13.192015 Q3: 11.652015 Q4: 11.032016 Q1: 11.532016 Q2: 11.862016 Q3: 12.972016 Q4: 14.072017 Q1: 12.362017 Q2: 13.822017 Q3: 15.142017 Q4: 18.022018 Q1: 16.792018 Q2: 17.222018 Q3: 16.832018 Q4: 14.162019 Q1: 13.162019 Q2: 14.912019 Q3: 18.482019 Q4: 18.842020 Q1: 12.072020 Q2: 16.942020 Q3: 17.902020 Q4: 20.582021 Q1: 17.392021 Q2: 16.082021 Q3: 14.982021 Q4: 17.272022 Q1: 12.312022 Q2: 10.072022 Q3: 9.852022 Q4: 11.302023 Q1: 11.112023 Q2: 13.252023 Q3: 12.262023 Q4: 14.512024 Q1: 16.492024 Q2: 20.802024 Q3: 15.122024 Q4: 13.40

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2014 Q2 tone ↓ -3.9 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q1 tone ↑ +4.4 fwd EPS ↓ -0.12 Tone rose while the forward EPS estimate was cut.
  • 2015 Q2 tone ↑ +3.0 fwd EPS ↓ -0.17 Tone rose while the forward EPS estimate was cut.
  • 2015 Q3 tone ↑ +7.0 fwd EPS ↓ -0.30 Tone rose while the forward EPS estimate was cut.
  • 2016 Q1 tone ↓ -3.3 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q2 tone ↓ -7.4 fwd EPS ↑ +0.24 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q1 tone ↓ -3.2 fwd EPS ↑ +0.42 Tone cooled even as the forward EPS estimate rose.
  • 2021 Q3 tone ↓ -5.7 fwd EPS ↑ +0.84 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q1 tone ↑ +5.6 fwd EPS ↓ -0.38 Tone rose while the forward EPS estimate was cut.
  • 2024 Q1 tone ↓ -4.9 fwd EPS ↑ +0.70 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↓ -6.2 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q22025-04-30+10.0——View →
2025 Q12025-02-05+12.9——View →
2024 Q42024-11-06+11.8$11.4213.4View →
2024 Q32024-07-31+6.9$11.1315.1View →
2024 Q22024-05-01+13.1$10.9220.8View →
2024 Q12024-01-31+8.4$10.2716.5View →
2023 Q42023-11-01+13.2$9.5714.5View →
2023 Q32023-08-02+6.7$9.1912.3View →