QCOM vs SMCI: Which Is the Better Buy?
Side-by-side comparison of QUALCOMM Incorporated and Super Micro Computer, Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-05-07.
QUALCOMM Incorporated · Technology
$134.47
+45.0% upside to fair value
Med Conviction
Grade B
VS
Super Micro Computer, Inc. · Technology
$34.66
+45.0% upside to fair value
Grade B
High Quality
QuantHub Verdict
SMCI trades at a lower forward P/E
(11.6x).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
QCOM |
SMCI |
| Current Price |
$134.47 |
$34.66 |
| Fair Value Estimate |
$194.98 |
$50.26 |
| Upside to Fair Value |
+45.0%
|
+45.0%
|
| Market Cap |
$143.6B |
$20.8B |
| Forward P/E |
26.8x
|
11.6x
|
| EV / EBITDA |
—
|
17.9x
|
| Price / Sales |
3.2x
|
0.6x
|
| Price / FCF |
11.1x
|
-3.0x
|
| Revenue Growth YoY |
+8.7%
|
+122.7%
|
| Gross Margin |
55.1%
|
8.4%
|
| Operating Margin |
27.1%
|
4.5%
|
| Return on Equity |
21.6%
|
26.0%
|
| Dividend Yield |
— |
0% |
| FCF Yield |
9.0%
|
—
|
| Analyst Consensus |
Hold
|
Hold
|
Investment Thesis
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…
Super Micro Computer, Inc. is a technology company specializing in server and storage systems, with a dominant 97% revenue share from this segment driven by AI and cloud infrastructure demand. The company benefits from a founder-led management team with deep engineering expertise and strong insider ownership of approximately 46-48%, aligning interests with shareholders. Despite explosive revenue …
Accumulation Zones
| Metric |
QCOM |
SMCI |
| Zone Low |
$146.23 |
$37.70 |
| Zone High |
$165.73 |
$42.72 |
| In Buy Zone? |
Yes
|
Yes
|