QCOM drawdown: 33.5% below the all-time high
QUALCOMM Incorporated (QCOM) is 33.5% below its all-time high, set May 29, 2026 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (1991).
- Below all-time high
- −33.5%
- 66.5% of ATH
- All-time high
- $251.0
- May 29, 2026
- Time below the high
- 56 days
- since May 29, 2026
- Worst-ever drawdown
- −86.8%
- Aug 5, 2002
- Longest underwater
- 19.8 yrs
- between all-time highs
- Today's level first reached
- Nov 15, 2021
- 4.7 yrs ago
- Last time this deep
- Apr 28, 2026
- in a previous episode
% of all-time high since 1991#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of QCOM, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Jan 3, 2000 | Aug 5, 2002 | −86.8% | 2.6 yrs | Nov 7, 2019 | 19.8 yrs |
| Oct 18, 1993 | Jul 6, 1994 | −64.6% | 9 mo | Jul 24, 1995 | 1.8 yrs |
| Jan 3, 1992 | Sep 23, 1992 | −53.1% | 9 mo | Nov 18, 1992 | 11 mo |
| Dec 15, 2021 | May 24, 2023 | −45.6% | 17 mo | May 15, 2024 | 2.4 yrs |
| Jun 18, 2024 | Apr 7, 2026 | −45.4% | 1.8 yrs | May 11, 2026 | 1.9 yrs |
| Nov 20, 1997 | Oct 8, 1998 | −44.9% | 11 mo | Feb 22, 1999 | 15 mo |
| Aug 16, 1995 | Apr 18, 1996 | −43.5% | 8 mo | May 31, 1996 | 9 mo |
| Jan 17, 2020 | Mar 20, 2020 | −36.5% | 2 mo | Jul 30, 2020 | 6 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1991: how far QCOM stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: QCOM is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is QCOM from its all-time high?
- QCOM is currently 33.5% below its all-time high, set May 29, 2026 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest QCOM drawdown ever?
- The deepest decline on record in our data (since 1991) took the stock 86.8% below its prior high, bottoming Aug 5, 2002. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1991 (split-adjusted). "All-time" means since our price data begins — QCOM may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.