ARM vs QCOM

Arm Holdings plc and Qualcomm, both Technology

Arm Holdings plc is the larger company at $469B against $238B. On trailing earnings QCOM is the cheaper of the two at a P/E of 18.7 against 296.5, a gap that is only a bargain if the two are growing at similar rates. Over the past year ARM returned +86% against +15% for QCOM. Ryufin's sector-relative Smart Score puts ARM ahead, 5/10 against 4/10.

Arm Holdings plc and Qualcommcompared on valuation, return and Ryufin’s Smart Score
FigureARMQCOM
Last close$252$164
Market cap$469B$238B
Trailing P/Elower is cheaper for the same earnings, not automatically better296.518.7
Dividend yieldn/a2.1%
1-year return+86%+15%
5-year returnn/a+22%
Ryufin Smart Scoresector-relative, 1–105/104/10

Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.

Arm Holdings plc

Revenue of $1.5B in Q4 2026, net income $313M.

Qualcomm

Revenue of $9.9B in Q3 2026, net income $2.0B. Its largest reported line is Handsets, 60% of the disclosed total.

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