Arm Holdings vs Qualcomm (ARM vs QCOM)
Arm Holdings (ARM) vs Qualcomm (QCOM) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
Arm Holdings (ARM) and Qualcomm (QCOM) compete in semiconductors. Here are Arm Holdings and Qualcomm side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Arm Holdings or Qualcomm.
Arm Holdings vs Qualcomm: the figures
| Figure | Arm Holdings | Qualcomm |
|---|---|---|
| Share price | $191.80 (November 4, 2026) | $173.19 (November 4, 2026) |
| Market cap | $204.8 billion | $184.9 billion |
| P/E (TTM) | 197.7x | 20.0x |
| Forward P/E | 62.7x | 17.0x |
| Revenue growth (quarter) | +22.4% | -4.0% |
| Net margin (TTM) | 20.2% | 21.0% |
| Net debt / EBITDA | Net cash | 0.6x |
| Dividend yield | 0.00% | 2.24% |
| Beta | 3.94 | 1.76 |
Arm Holdings and Qualcomm figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Arm Holdings or Qualcomm figure is not available, and we never estimate it.
3 key differences between Arm Holdings and Qualcomm
- Valuation: Arm Holdings trades at 197.7x its annual earnings and Qualcomm at 20.0x; the market pays more for each dollar of Arm Holdings profit, usually because it expects more growth.
- Volatility: Arm Holdings stock moves more (beta 3.94) than Qualcomm (beta 1.76); the higher the beta, the more it amplifies market swings.
- Growth: Arm Holdings grew sales +22.4% year on year in its latest quarter, against -4.0% for Qualcomm.
Arm Holdings or Qualcomm: which fits your profile
- If you want growth: Arm Holdings is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you want income (dividends): Qualcomm pays the higher dividend relative to its price.
- If you prefer caution: Arm Holdings has less debt relative to its profit, which usually gives more room in a bad year.
- If price is what matters most to you: Qualcomm trades on the lower P/E; check first whether that is an opportunity or a sign of a business that grows less.
Neither Arm Holdings nor Qualcomm wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How Arm Holdings and Qualcomm make money
Arm Holdings (ARM)
Arm doesn't manufacture chips. It designs the processor architecture used in nearly every smartphone and a growing number of PCs, cars and data centers. It earns license fees for access to its designs and, mostly, royalties on every chip shipped by customers such as Apple, Qualcomm, Nvidia and MediaTek. SoftBank is its controlling shareholder. Full Arm Holdings analysis.
Qualcomm (QCOM)
Qualcomm has two businesses. QCT, the larger, sells Snapdragon processors and modems for smartphones, plus chips for cars and IoT devices. QTL collects royalties from phone makers licensing its wireless patents. Its customers include handset makers such as Apple, Samsung and Chinese brands. Full Qualcomm analysis.
Frequently asked questions: Arm Holdings vs Qualcomm
Is Arm Holdings or Qualcomm the better stock?
Choosing between Arm Holdings and Qualcomm depends on what you are looking for. Arm Holdings is growing faster right now, and Qualcomm trades on the lower P/E. Fintols does not tell you whether to buy Arm Holdings or Qualcomm: it shows you the differences so you can decide.
Which pays a higher dividend, Arm Holdings or Qualcomm?
As of November 4, 2026, Qualcomm yields 2.24% and Arm Holdings pays none. Also check how much of their profit Arm Holdings and Qualcomm pay out: if it is more than they earn, it cannot last.
Which is more expensive, Arm Holdings or Qualcomm?
On P/E, Arm Holdings (197.7x) is more expensive than Qualcomm (20.0x) as of November 4, 2026. A higher P/E can be justified if earnings grow faster, so compare it with each company's growth in the table.
Can I own both Arm Holdings and Qualcomm?
Yes. Many people spread their money across several companies, such as Arm Holdings and Qualcomm, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Arm Holdings or Qualcomm.
More comparisons with Arm Holdings or Qualcomm
More companies like Arm Holdings and Qualcomm: semiconductors stocks. Educational content about Arm Holdings and Qualcomm, not investment advice.