QCOM

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$20B buyback + dividend raised to $0.92/share → QCOM shareholder returns surge +3%

Qualcomm authorized a $20 billion share repurchase program and raised its quarterly dividend to $0.92 per share, a 10% increase, sending shares up approximately 3% in premarket trading. The company highlighted strong momentum in its automotive and PC chip segments, with Snapdragon X Elite adoption accelerating across major OEMs including Microsoft and Lenovo. Analysts rate QCOM a Buy with an average price target of $200, though ongoing smartphone market softness in China remains a key headwind.

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