ANET vs QCOM: Which Is the Better Buy?
Side-by-side comparison of Arista Networks, Inc. and QUALCOMM Incorporated — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-05-05.
Arista Networks, Inc. · Technology
$172.62
+12.4% upside to fair value
Grade C
High Quality
VS
QUALCOMM Incorporated · Technology
$134.47
+45.0% upside to fair value
Med Conviction
Grade B
QuantHub Verdict
QCOM has more upside to fair value
(+45.0%).
QCOM trades at a lower forward P/E
(26.8x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
ANET |
QCOM |
| Current Price |
$172.62 |
$134.47 |
| Fair Value Estimate |
$193.98 |
$194.98 |
| Upside to Fair Value |
+12.4%
|
+45.0%
|
| Market Cap |
$217.4B |
$143.6B |
| Forward P/E |
61.8x
|
26.8x
|
| EV / EBITDA |
54.8x
|
—
|
| Price / Sales |
24.1x
|
3.2x
|
| Price / FCF |
51.1x
|
11.1x
|
| Revenue Growth YoY |
+28.9%
|
+8.7%
|
| Gross Margin |
64.1%
|
55.1%
|
| Operating Margin |
42.8%
|
27.1%
|
| Return on Equity |
31.0%
|
21.6%
|
| Dividend Yield |
0% |
— |
| FCF Yield |
1.96%
|
9.0%
|
| Analyst Consensus |
Strong Buy
|
Hold
|
Investment Thesis
Arista Networks is a leading provider of software-driven cloud networking solutions focused on AI, cloud, and data center markets. The company benefits from durable competitive advantages including a highly experienced leadership team led by CEO Jayshree Ullal, who has driven growth from startup to a $100 billion market cap S&P 500 company. Arista's business quality is high, supported by strong r…
Qualcomm Incorporated is a leading semiconductor company specializing in wireless chipsets and IP licensing, with dominant positions in 5G modems via QCT (87% of revenue) and steady QTL royalties. The business excels through a vast patent moat, diversification into automotive and IoT, and robust growth (revenue +13% YoY to $44B in FY2025), but faces risks from Apple modem shifts and China exposur…
Accumulation Zones
| Metric |
ANET |
QCOM |
| Zone Low |
$145.48 |
$146.23 |
| Zone High |
$164.88 |
$165.73 |
| In Buy Zone? |
No
|
Yes
|