NVIDIA vs QUALCOMM: Business Model & Financial Comparison 2026
NVIDIA · Technology / Semiconductors·QUALCOMM · Technology / Semiconductors
Financial Comparison
| Metric | NVDANVIDIA | QCOMQUALCOMM |
|---|---|---|
| Market Cap | $4.32T | $144.92B |
| Revenue (TTM) | $215.94B | $44.87B |
| Revenue Growth | 73.2% | 5.0% |
| Gross Margin | 71.1% | 55.1% |
| Operating Margin | 65.0% | 27.5% |
| Net Margin | 55.6% | 12.0% |
| Return on Equity | 101.5% | 21.5% |
| P/E (Trailing) | 36.3x | 27.4x |
| P/E (Forward) | 16.6x | 12.1x |
| Free Cash Flow | $58.13B | $10.42B |
| Cash | $62.56B | $11.82B |
| Total Debt | $11.41B | $14.82B |
Data sourced from Yahoo Finance. Green highlights indicate better performance for that metric. Use the interactive tool for real-time data.
Business Model Comparison
NVIDIA
NVIDIA stands as the world's leading AI computing company and GPU manufacturer. Generating $215.94 billion in annual revenue (growing 73.2% year-over-year) and carrying a market capitalization of $4.46 trillion, the company has cemented its position as a foundational player in the global Semiconductors landscape. Under the leadership of Jensen Huang, NVIDIA continues to execute on a multi-year strategic vision that balances growth investment with…
Full NVIDIA analysis →QUALCOMM
QUALCOMM Incorporated stands as a leading company in Technology. Generating $44.87 billion in annual revenue (growing 5.0% year-over-year) and carrying a market capitalization of $146.32 billion, the company has cemented its position as a foundational player in the global Semiconductors landscape. Under the leadership of its leadership team, QUALCOMM Incorporated continues to execute on a multi-year strategic vision that balances growth investmen…
Full QUALCOMM analysis →SWOT Analysis Comparison
Strengths
NVIDIA
- With a market capitalization of $4.46T, NVIDIA is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital access that smaller co
- NVIDIA's gross margin of 71.1% is well above industry averages, reflecting pricing power, operational efficiency, or a high-value product mix. The operating margin of 65.0% demonstrates disciplined co
- Revenue grew 73.2% year-over-year to $215.94B, indicating strong demand for NVIDIA's products and services and outperformance relative to many industry peers.
QUALCOMM
- With a market capitalization of $146.32B, QUALCOMM Incorporated is one of the largest companies in its sector, providing the scale advantages of brand recognition, supplier leverage, and capital acces
- QUALCOMM Incorporated's gross margin of 55.1% is well above industry averages, reflecting pricing power, operational efficiency, or a high-value product mix. The operating margin of 27.5% demonstrates
- A return on equity of 21.5% demonstrates that QUALCOMM Incorporated generates strong returns from shareholder capital, a hallmark of companies with durable competitive advantages.
Weaknesses
NVIDIA
- Extreme concentration: top 5 customers (Microsoft, Amazon, Google, Meta, Oracle) likely account for 40%+ of revenue
- US export restrictions on H100/H200 chips to China removed a market that was $3-4B in annual revenue
QUALCOMM
- QUALCOMM Incorporated's debt-to-equity ratio of 64.2 indicates meaningful financial leverage. Total debt stands at $14.82B against $11.82B in cash and equivalents.
Opportunities
NVIDIA
- The rapid advancement of generative AI and large language models presents NVIDIA with opportunities to automate operations, enhance products, and develop new AI-native services. Companies in Technolog
- NVIDIA operates in the Semiconductors segment of the broader Technology sector, which represents a $5.0 trillion by 2027 (IDC Global Technology Market). Even modest share gains in this environment tra
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for NVIDIA'
QUALCOMM
- The rapid advancement of generative AI and large language models presents QUALCOMM Incorporated with opportunities to automate operations, enhance products, and develop new AI-native services. Compani
- QUALCOMM Incorporated operates in the Semiconductors segment of the broader Technology sector, which represents a $5.0 trillion by 2027 (IDC Global Technology Market). Even modest share gains in this
- Emerging markets — particularly India (1.4B people, rapidly growing middle class), Southeast Asia (700M people), and Sub-Saharan Africa — represent significant untapped addressable markets for QUALCOM
Threats
NVIDIA
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. NVIDIA's revenue is not fully insulated from macroeconomic cycles, and a recession scenario
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on NVIDIA's business m
- The technology sector evolves at a pace where today's competitive advantages can erode quickly. New entrants with AI-native approaches, open-source alternatives, or disruptive business models could ch
QUALCOMM
- Global economic slowdowns, inflation, or rising interest rates can reduce consumer and enterprise spending. QUALCOMM Incorporated's revenue is not fully insulated from macroeconomic cycles, and a rece
- Increasing government regulation — particularly data privacy laws (GDPR, CCPA), antitrust enforcement, and trade restrictions — poses compliance costs and potential restrictions on QUALCOMM Incorporat
- The technology sector evolves at a pace where today's competitive advantages can erode quickly. New entrants with AI-native approaches, open-source alternatives, or disruptive business models could ch
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Open Comparison ToolNVIDIA vs QUALCOMM: FAQ
- Is NVIDIA bigger than QUALCOMM?
- By market capitalization, NVIDIA is larger at $4.32T vs QUALCOMM's $144.92B.
- Which has better profit margins — NVIDIA or QUALCOMM?
- NVIDIA has higher net profit margins (55.6%) compared to QUALCOMM (12.0%). Gross and operating margins are compared in the table above.
- What sectors do NVIDIA and QUALCOMM operate in?
- NVIDIA operates in the Technology sector (Semiconductors). QUALCOMM operates in the Technology sector (Semiconductors).
- How does NVIDIA's revenue compare to QUALCOMM's?
- NVIDIA generates $215.94B in annual revenue (TTM) while QUALCOMM generates $44.87B. NVIDIA is the larger company by revenue as of 2026.