QCOM (QUALCOMM Incorporated) Stock Financials & Earnings

Company Info & Key Metrics

QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company operates through three segments: Qualcomm CDMA Tech...

CEOCristiano Renno Amon

Country🇺🇸 United States

ExchangeNASDAQ

IPODec 13, 1991

www.qualcomm.com

Revenue$12.3B

YoY Growth+5.0%

QoQ Growth+8.7%

Net Income$3.0B

EPS$2.78

Free Cash Flow$4.4B

Gross Margin54.6%

Op. Margin27.5%

Net Margin24.5%

FCF Margin36.0%

Rev Multiple (TTM)3.3x

P/E Ratio (TTM)27.5x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q2 23	$9.3B	$5.1B	$2.1B
Q3 23	$8.5B	$4.7B	$1.8B
Q4 23	$8.6B	$4.8B	$1.4B
Q1 24	$9.9B	$5.6B	$2.9B
Q2 24	$9.4B	$5.3B	$2.3B
Q3 24	$9.4B	$5.2B	$2.2B
Q4 24	$10.2B	$5.8B	$2.6B
Q1 25	$11.7B	$6.5B	$3.6B
Q2 25	$11.0B	$6.0B	$3.1B
Q3 25	$10.4B	$5.8B	$2.8B
Q4 25	$11.3B	$6.2B	$2.9B
Q1 26	$12.3B	$6.7B	$3.4B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q2 23	3.6x	14.0x
Q3 23	3.8x	17.1x
Q4 23	4.1x	20.4x
Q1 24	4.1x	19.0x
Q2 24	4.1x	17.6x
Q3 24	3.9x	16.9x
Q4 24	3.8x	14.5x
Q1 25	3.6x	14.0x
Q2 25	3.5x	13.4x
Q3 25	3.4x	12.7x
Q4 25	3.3x	26.6x
Q1 26	3.3x	27.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 23	$1.5B	$1.0B
Q3 23	$2.7B	$2.4B
Q4 23	$4.1B	$3.8B
Q1 24	$2.9B	$2.7B
Q2 24	$3.6B	$3.4B
Q3 24	$3.1B	$2.7B
Q4 24	$2.6B	$2.4B
Q1 25	$4.6B	$4.3B
Q2 25	$2.6B	$2.3B
Q3 25	$2.9B	$2.6B
Q4 25	$4.0B	$3.6B
Q1 26	$5.0B	$4.4B

Capital Expenditures

CapEx

Quarter	CapEx
Q2 23	$453M
Q3 23	$306M
Q4 23	$293M
Q1 24	$214M
Q2 24	$184M
Q3 24	$387M
Q4 24	$256M
Q1 25	$277M
Q2 25	$214M
Q3 25	$294M
Q4 25	$407M
Q1 26	$549M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 23	-16.9%	-1.7%
Q3 23	-22.7%	+2.5%
Q4 23	-24.3%	-6.6%
Q1 24	+5.0%	+0.1%
Q2 24	+1.2%	-1.9%
Q3 24	+11.1%	+8.2%
Q4 24	+18.7%	+6.1%
Q1 25	+17.5%	+15.8%
Q2 25	+16.9%	+11.5%
Q3 25	+10.3%	+6.0%
Q4 25	+10.0%	+9.0%
Q1 26	+5.0%	+9.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 23	$628M	6.8%
Q3 23	$614M	7.3%
Q4 23	$608M	7.0%
Q1 24	$602M	6.1%
Q2 24	$705M	7.5%
Q3 24	$644M	6.9%
Q4 24	$697M	6.8%
Q1 25	$759M	6.5%
Q2 25	$702M	6.4%
Q3 25	$659M	6.4%
Q4 25	$0	0.0%
Q1 26	$0	0.0%

OpEx Breakdown

Quarter	R&D	SG&A
Q2 23	$2.2B	$614M
Q3 23	$2.2B	$618M
Q4 23	$2.1B	$628M
Q1 24	$2.1B	$627M
Q2 24	$2.2B	$707M
Q3 24	$2.3B	$664M
Q4 24	$2.3B	$761M
Q1 25	$2.2B	$723M
Q2 25	$2.2B	$706M
Q3 25	$2.2B	$771M
Q4 25	$2.4B	$910M
Q1 26	$2.5B	$865M

Revenue Segments

Quarter	Other Segments	Qct	Qsi	Qtl
Q2 23	$36M	$7.9B	$7M	$1.3B
Q3 23	$38M	$7.2B	$9M	$1.2B
Q1 24	$39M	$8.4B	$13M	$1.5B
Q2 24	$42M	$8.0B	$3M	$1.3B
Q3 24	$49M	$8.1B	$2M	$1.3B
Q1 25	—	$10.1B	—	$1.5B
Q2 25	—	$9.5B	—	$1.3B
Q3 25	—	$9.0B	—	$1.3B
Q4 25	—	$9.8B	—	$1.4B
Q1 26	—	$10.6B	—	$1.6B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 23	$3.5B	$3.2B	$6.7B
Q3 23	$6.1B	$2.5B	$8.6B
Q4 23	$8.4B	$2.9B	$11.3B
Q1 24	$8.1B	$3.9B	$12.1B
Q2 24	$9.2B	$4.6B	$13.9B
Q3 24	$7.8B	$5.3B	$13.0B
Q4 24	$7.8B	$5.5B	$13.3B
Q1 25	$8.7B	$5.6B	$14.3B
Q2 25	$7.2B	$6.6B	$13.8B
Q3 25	$5.4B	$4.6B	$10.0B
Q4 25	$7.8B	$4.6B	$12.5B
Q1 26	$7.2B	$4.6B	$11.8B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q2 23	1.12B	-0.7%
Q3 23	1.12B	+0.1%
Q4 23	1.13B	+0.1%
Q1 24	1.13B	+0.2%
Q2 24	1.13B	+0.3%
Q3 24	1.13B	+0.4%
Q4 24	1.13B	-0.4%
Q1 25	1.12B	-0.7%
Q2 25	1.11B	-0.6%
Q3 25	1.10B	-1.4%
Q4 25	1.10B	+0.5%
Q1 26	1.08B	-2.4%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$846K	31K
FY 15	$766K	33K
FY 16	$772K	31K
FY 17	$659K	34K
FY 18	$642K	35K
FY 19	$656K	37K
FY 20	$574K	41K
FY 21	$746K	45K
FY 22	$867K	51K
FY 23	$716K	50K
FY 24	$795K	49K
FY 25	$852K	52K