NBIS

Nebius Group N.V.

There isn't enough reported data to score NBIS yet.

QCOM

QUALCOMM Incorporated

50
Fundamentals51/ 100
Valuation62/ 100
Upside potential39/ 100
Risk potential41/ 100

QCOM's fundamentals are mixed: it turned 20% of its revenue into free cash flow, but its operating margin fell 8 points to 20%. At 14x earnings, it's trading below its usual 20x.

NBIS Fundamentals

MetricStatus
Unavailable
Healthy
Unavailable
Healthy

NBIS's profitability and balance sheet are currently healthy. There isn't enough data to rate its revenue and cash flow.

QCOM Fundamentals

MetricStatus
Stable
Strong
Healthy
Healthy

QCOM's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.

NBIS PE Valuation

CHEAPFAIREXPENSIVE226x452x678x904x
CHEAPFAIREXPENSIVE226x452x678x904x
LevelPEPriceVs current
Cheap68x$22.45-83%
Fair114x$37.67-71%
Current390x$129—
Expensive666x$220+71%

Historical ranges are pointers, not guarantees.

NBIS's PE is 390x, but its earnings don't support one, so it isn't a reliable read right now.

QCOM PE Valuation

CHEAPFAIREXPENSIVE14x28x42x57x
CHEAPFAIREXPENSIVE14x28x42x57x
LevelPEPriceVs current
Cheap14x$175-1.1%
Current14x$177—
Fair20x$248+40%
Expensive26x$333+88%

Historical ranges are pointers, not guarantees.

QCOM has the edge over NBIS in the historical PE scenario, which offers more potential upside but is not a forecast.

NBIS Forward outlook

MetricOutlook
--
Losses steady
Strong growth
Strongly improving
Limited
Low

Analysts expect NBIS's revenue to grow and its profitability to improve, with its earnings holding steady. However, they disagree widely on these estimates.

QCOM Forward outlook

There aren't enough analyst estimates for QCOM to show an outlook.

NBIS Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $128.64 on Nov 12.

There is not enough scenario data to compare NBIS and QCOM's risk to reward.

QCOM Risk to reward

ScenarioChangePrice
Upside+27%$224.30
Downside-41%$103.77

Calculated from the latest close: $177.14 on Nov 12.

There is not enough scenario data to compare NBIS and QCOM's risk to reward.

NBIS Earnings Per Share

Q4 2014: $0.63Q4 2015: $0.36Q4 2016: $0.25Q4 2017: $0.32Q4 2018: $1.71Q4 2019: $0.46Q4 2020: $0.87Q4 2021: $-0.49Q4 2022: $1.00Q4 2023: $0.64Q4 2024: $-2.28Q4 2025: $0.33
Q4 2014: $0.63Q4 2015: $0.36Q4 2016: $0.25Q4 2017: $0.32Q4 2018: $1.71Q4 2019: $0.46Q4 2020: $0.87Q4 2021: $-0.49Q4 2022: $1.00Q4 2023: $0.64Q4 2024: $-2.28Q4 2025: $0.33
QuarterTTM EPSYoY
Q4 2025$0.33+$2.61
Q4 2024-$2.28-456%
Q4 2023$0.64-36%
Q4 2022$1.00+$1.49
Q4 2021-$0.49-156%
Q4 2020$0.87+89%
Q4 2019$0.46-73%
Q4 2018$1.71+434%

NBIS has returned to profit: it earned $0.33 per share over the past year, after losing money the year before.

QCOM Earnings Per Share

Q4 2023: $6.90Q1 2024: $7.44Q2 2024: $7.72Q3 2024: $8.97Q4 2024: $9.34Q1 2025: $9.80Q2 2025: $10.35Q3 2025: $5.01Q4 2025: $4.96Q1 2026: $9.32Q2 2026: $8.76Q3 2026: $12.70
Q4 2023: $6.90Q1 2024: $7.44Q2 2024: $7.72Q3 2024: $8.97Q4 2024: $9.34Q1 2025: $9.80Q2 2025: $10.35Q3 2025: $5.01Q4 2025: $4.96Q1 2026: $9.32Q2 2026: $8.76Q3 2026: $12.70
QuarterTTM EPSYoY
Q3 2026$12.70+153%
Q2 2026$8.76-15%
Q1 2026$9.32-4.9%
Q4 2025$4.96-47%
Q3 2025$5.01-44%
Q2 2025$10.35+34%
Q1 2025$9.80+32%
Q4 2024$9.34+35%

QCOM has the edge over NBIS in the latest year-over-year earnings comparison.

NBIS Quarterly Revenue

Q4 2014: $613MQ4 2015: $722MQ4 2016: $917MQ4 2017: $1.1BQ4 2018: $1.5BQ4 2019: $2.1BQ4 2020: $2.6BQ4 2021: $4.3BQ4 2022: $6.3BQ4 2023: $9.7BQ4 2024: --Q4 2025: $530M
Q4 2014: $613MQ4 2015: $722MQ4 2016: $917MQ4 2017: $1.1BQ4 2018: $1.5BQ4 2019: $2.1BQ4 2020: $2.6BQ4 2021: $4.3BQ4 2022: $6.3BQ4 2023: $9.7BQ4 2024: --Q4 2025: $530M
QuarterRevenueYoY
Q4 2023$9.7B+53%
Q4 2022$6.3B+46%
Q4 2021$4.3B+63%
Q4 2020$2.6B+24%
Q4 2019$2.1B+37%
Q4 2018$1.5B+36%
Q4 2017$1.1B+24%
Q4 2016$917M+27%

NBIS's revenue is growing: $530M last quarter, down 80% from the same quarter a year ago.

QCOM Quarterly Revenue

Q4 2023: $9.9BQ1 2024: $9.4BQ2 2024: $9.4BQ3 2024: $10.2BQ4 2024: $11.7BQ1 2025: $11BQ2 2025: $10.4BQ3 2025: $11.3BQ4 2025: $12.3BQ1 2026: $10.6BQ2 2026: $9.9BQ3 2026: $10.3B
Q4 2023: $9.9BQ1 2024: $9.4BQ2 2024: $9.4BQ3 2024: $10.2BQ4 2024: $11.7BQ1 2025: $11BQ2 2025: $10.4BQ3 2025: $11.3BQ4 2025: $12.3BQ1 2026: $10.6BQ2 2026: $9.9BQ3 2026: $10.3B
QuarterRevenueYoY
Q3 2026$10.3B-8.4%
Q2 2026$9.9B-4%
Q1 2026$10.6B-3.5%
Q4 2025$12.3B+5%
Q3 2025$11.3B+10%
Q2 2025$10.4B+10%
Q1 2025$11B+17%
Q4 2024$11.7B+17%

QCOM has the edge over NBIS in the latest year-over-year revenue comparison.

NBIS Free Cash Flow

Q4 2014: $71MQ4 2015: $79MQ4 2016: $191MQ4 2017: $137MQ4 2018: −$1MQ4 2019: $288MQ4 2020: $97MQ4 2021: −$427MQ4 2022: −$107MQ4 2023: −$246MQ4 2024: −$562MQ4 2025: −$3.7B
Q4 2014: $71MQ4 2015: $79MQ4 2016: $191MQ4 2017: $137MQ4 2018: −$1MQ4 2019: $288MQ4 2020: $97MQ4 2021: −$427MQ4 2022: −$107MQ4 2023: −$246MQ4 2024: −$562MQ4 2025: −$3.7B
QuarterFree cash flowYoY
Q4 2025-$3.7B-$3.1B
Q4 2024-$562.1M-$316.2M
Q4 2023-$245.9M-$138.9M
Q4 2022-$107M+$319.7M
Q4 2021-$426.7M-539%
Q4 2020$97.3M-66%
Q4 2019$287.9M+$289.2M
Q4 2018-$1.3M-101%

NBIS has burned cash in six of the last eight quarters: −$4.6B over the past year, against −$43M the year before.

QCOM Free Cash Flow

Q4 2023: $2.7BQ1 2024: $3.4BQ2 2024: $2.7BQ3 2024: $2.4BQ4 2024: $4.3BQ1 2025: $2.3BQ2 2025: $2.6BQ3 2025: $3.6BQ4 2025: $4.4BQ1 2026: $1.9BQ2 2026: $495MQ3 2026: $1.8B
Q4 2023: $2.7BQ1 2024: $3.4BQ2 2024: $2.7BQ3 2024: $2.4BQ4 2024: $4.3BQ1 2025: $2.3BQ2 2025: $2.6BQ3 2025: $3.6BQ4 2025: $4.4BQ1 2026: $1.9BQ2 2026: $495MQ3 2026: $1.8B
QuarterFree cash flowYoY
Q3 2026$1.8B-49%
Q2 2026$495M-81%
Q1 2026$1.9B-18%
Q4 2025$4.4B+2.5%
Q3 2025$3.6B+50%
Q2 2025$2.6B-3.2%
Q1 2025$2.3B-31%
Q4 2024$4.3B+58%

QCOM's free cash flow has been positive every quarter for seven years: $8.7B over the past year, down 33% from the year before.

NBIS Total Shares

Q4 2014: 326MQ4 2015: 324MQ4 2016: 326MQ4 2017: 331MQ4 2018: 335MQ4 2019: 335MQ4 2020: 353MQ4 2021: 362MQ4 2022: 377MQ4 2023: 373MQ4 2024: 281MQ4 2025: 248M
Q4 2014: 326MQ4 2015: 324MQ4 2016: 326MQ4 2017: 331MQ4 2018: 335MQ4 2019: 335MQ4 2020: 353MQ4 2021: 362MQ4 2022: 377MQ4 2023: 373MQ4 2024: 281MQ4 2025: 248M
PeriodChange %Net change
Quarterly-12%-33.3M shares
1 year-32%-115M shares
3 years-26%-86.9M shares

NBIS has the edge over QCOM on shareholder dilution, with a more favorable share count trend.

QCOM Total Shares

Q4 2023: 1.1BQ1 2024: 1.1BQ2 2024: 1.1BQ3 2024: 1.1BQ4 2024: 1.1BQ1 2025: 1.1BQ2 2025: 1.1BQ3 2025: 1.1BQ4 2025: 1.1BQ1 2026: 1.1BQ2 2026: 1.1BQ3 2026: 1.1B
Q4 2023: 1.1BQ1 2024: 1.1BQ2 2024: 1.1BQ3 2024: 1.1BQ4 2024: 1.1BQ1 2025: 1.1BQ2 2025: 1.1BQ3 2025: 1.1BQ4 2025: 1.1BQ1 2026: 1.1BQ2 2026: 1.1BQ3 2026: 1.1B
PeriodChange %Net change
Quarterly+0.4%+4M shares
1 year-2.9%-32M shares
3 years-4.7%-53M shares
5 years-6.6%-76M shares
Available history-7.4%-86M shares

QCOM has 1.1B diluted shares, down 2.9% from a year ago, with $7.8B in buybacks over the past year.

NBIS Net Leverage

Q4 2022: -0.7xQ4 2023: 0.7x
Q4 2022: -0.7xQ4 2023: 0.7x
QuarterNet LeverageStatus
Q4 20230.7xVery low
Q4 2022-0.7xNet Cash

NBIS's net debt is less than a year of its operating earnings (EBITDA).

QCOM Net Leverage

Q4 2023: 0.6xQ1 2024: 0.5xQ2 2024: 0.5xQ3 2024: 0.6xQ4 2024: 0.4xQ1 2025: 0.5xQ2 2025: 0.7xQ3 2025: 0.7xQ4 2025: 0.6xQ1 2026: 0.7xQ2 2026: 0.7xQ3 2026: 1.0x
Q4 2023: 0.6xQ1 2024: 0.5xQ2 2024: 0.5xQ3 2024: 0.6xQ4 2024: 0.4xQ1 2025: 0.5xQ2 2025: 0.7xQ3 2025: 0.7xQ4 2025: 0.6xQ1 2026: 0.7xQ2 2026: 0.7xQ3 2026: 1.0x
QuarterNet LeverageStatus
Q3 20261.0xHealthy
Q2 20260.7xVery low
Q1 20260.7xVery low
Q4 20250.6xVery low
Q3 20250.7xVery low
Q2 20250.7xVery low
Q1 20250.5xVery low
Q4 20240.4xVery low

QCOM's net debt is about a year of its operating earnings (EBITDA), up from less than a year a year ago.

NBIS Weekly Momentum

MetricValueStatus
RSI38.0Neutral
Stochastic8.3Oversold

NBIS's weekly RSI is 38 (neutral) and its Stochastic is 8 (oversold).

QCOM Weekly Momentum

MetricValueStatus
RSI50.8Neutral
Stochastic40.2Neutral

QCOM's weekly RSI is 51 (neutral) and its Stochastic is 40 (neutral).

NBIS PE vs Communication Services Sector

MetricNBISSector medianRelative
PE390x16x2,264% above
PE %622438 pts above

NBIS is trading at 390x earnings, a 2264% premium to the Communication Services sector's median of 16x, though its earnings don't support one.

QCOM PE vs Technology Sector

MetricQCOMSector medianRelative
PE14x28x50% below
PE %173518 pts below

QCOM has the edge over NBIS on valuation relative to its sector.

NBIS Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$179.728% below
20 week MA$199.936% below
50 week MA$163.521% below
100 week MA$110.017% above

QCOM has stronger trend alignment. NBIS is above 1 of 4 weekly averages versus QCOM above 4 of 5.

QCOM Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$177.20% below
20 week MA$172.82.5% above
50 week MA$170.73.8% above
100 week MA$164.37.8% above
200 week MA$155.114% above

QCOM's trend is up, with a small recent dip: it's below only its 8-week average, and 14% above its 200-week average.

NBIS Yearly ROI

YearStart priceEnd priceROI
2024$19.6$27.3+40%
2025$27.3$87.6+221%
2026 YTD$87.6$128.6+47%

NBIS has the edge over QCOM on returns for 2026, with the stronger performance.

QCOM Yearly ROI

YearStart priceEnd priceROI
2020$88.8$148.8+68%
2021$148.8$182.7+23%
2022$182.7$110.8-39%
2023$110.8$144.6+30%
2024$144.6$157.2+8.7%
2025$157.2$174.8+11%
2026 YTD$174.8$177.1+1.3%

QCOM has finished higher in five of the last six years. It's up 1.3% so far in 2026.

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