The latest data point for QCOM's EV/Sales ratio in Q2'26 stands at 13.71, reflecting a modest uptick from the previous quarter's low of 13.59 in Q1'26, yet remaining well below the historical highs observed in recent years. Over the period from Q3'23 to Q2'26, the EV/Sales ratio exhibited an initial decline from 18.18 in Q3'23 to 15.10 in Q4'23, followed by a volatile upward trend peaking at 22.18 in Q3'24, before entering a sustained downward trajectory to the current 13.71 level. This pattern suggests increasing market pressures or valuation adjustments, with notable inflection points including a sharp rise through mid-2024 and a consistent decline thereafter, averaging around 17 across the timeframe. The area chart visualization highlights periods of expansion and contraction, underscoring potential shifts in investor sentiment toward QCOM's growth prospects.