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 2026-09-26.
QUALCOMM Incorporated · Technology
$201.97
-21.1% upside to fair value
Med Conviction
Grade D
High Quality
VS
Super Micro Computer, Inc. · Technology
$43.26
-4.2% upside to fair value
Med Conviction
Grade C
QuantHub Verdict
SMCI has more upside to fair value
(-4.2%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
QCOM |
SMCI |
| Current Price |
$201.97 |
$43.26 |
| Fair Value Estimate |
$159.42 |
$41.44 |
| Upside to Fair Value |
-21.1%
|
-4.2%
|
| Market Cap |
$212.1B |
$28.0B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
16.5x
|
8.9x
|
| Price / Sales |
4.8x
|
0.7x
|
| Price / FCF |
20.5x
|
—
|
| Revenue Growth YoY |
-4.0%
|
+93.2%
|
| Gross Margin |
54.2%
|
10.8%
|
| Operating Margin |
23.2%
|
7.1%
|
| Return on Equity |
37.3%
|
25.1%
|
| Dividend Yield |
1.79% |
0% |
| FCF Yield |
4.88%
|
—
|
| Analyst Consensus |
Hold
|
Hold
|
Investment Thesis
Qualcomm develops foundational wireless technologies and monetizes them through two main engines: QCT, which supplies Snapdragon application processors and modems, and QTL, which licenses a standards-essential patent portfolio covering CDMA2000, WCDMA, LTE and 5G. The licensing arm and the company's entrenched position in premium Android handsets give it a genuinely high-quality business, evidenc…
Super Micro Computer designs and sells modular, open-standard server and storage systems, with a growing franchise in liquid- and air-cooled AI racks such as the NVIDIA Vera Rubin NVL72, sold through direct, distribution and OEM channels to data center, cloud, AI, 5G and edge customers. The business quality is mixed: revenue grew 93.2% year over year and earnings grew 503.7% in the most recent qu…
Accumulation Zones
| Metric |
QCOM |
SMCI |
| Zone Low |
$119.56 |
$31.08 |
| Zone High |
$135.51 |
$35.22 |
| In Buy Zone? |
No
|
No
|