Qualcomm QCOM
Mobile & on-device AI processors (Snapdragon) and wireless patent licensing. QUALCOMM Incorporated, listed on NASDAQ.
Based on the FY2026 annual report (Sep 2025 – Sep 2026)
Qualcomm's market cap is
about $168.0 billion.
#69 by market cap among 289 companies, based on the Nov 5, 2026 close. FY2026 revenue was $43.12B.
- Share price (close)
- $156.75
- P/E ratio
- 12.3x
- Market cap
- $168.0B
- Revenue
- $43.12B
- Operating income
- $8.658B
- Net income
- $13.628B
- Free cash flow
- $8.651B
- Total assets
- $60.829B
- Dividends paid
- —
- Dividend per share
- $3.62
- Dividend yield
- 2.3%
- Shares outstanding
- 1,072,000,000 shares
Where the revenue went
Revenue is set at 100% and split into what went to costs, R&D, operating expenses and taxes, and what was left as profit.
- Cost of revenue46.9%
- R&D23.7%
- SG&A and other9.4%
- Net income31.6%
Non-operating gains such as investment income (11.5% of revenue) were added, so net income is larger than operating income.
Profitability and stability
Each figure comes with its rank among 300 companies. The further right the dot, the higher the rank.
- Revenue growthHow much revenue grew from the previous fiscal year
- −2.6%
- #273 of 299
- Revenue fell from a year earlier. The median across 299 companies is +7.9%.
- Operating marginShare of revenue kept as profit from the core business
- 20.1%
- #109 of 231
- 20.1% of revenue was kept as operating profit. The median across 231 companies is 19.2%.
- Net marginShare of revenue left as profit after interest and taxes
- 31.6%
- #30 of 298
- After taxes, 31.6% of revenue was left as net income. The median across 298 companies is 14.0%.
- FCF marginShare of revenue left as cash after capital spending
- 20.1%
- #92 of 261
- Plenty of cash is left after capital spending. The median across 261 companies is 15.8%.
- ROEHow much profit the company earned on shareholders' equity in a year
- 52.8%
- #40 of 276
- Earns a lot relative to its equity. The median across 276 companies is 16.8%.
- Debt-to-equityLiabilities relative to equity. Lower means less debt
- 100.1%
- #73 of 244
- Liabilities exceed equity. The median across 244 companies is 159.6%.
Revenue and profit over time
Gray bars show revenue and the green part inside shows net income. The number above each bar is revenue (abbreviated) and the number below is net margin. Hover over a bar to see the exact amounts.
Where the cash went
Unlike profit, cash flow is money that actually came in and went out.
- Cash from operations$11.145B
- Capital spending−$2.494B
- Free cash flow (FCF)$8.651B
Whose money funds the assets
The company's assets, split into borrowed money (liabilities) and shareholders' money (equity).
- Total assets$60.829B
- Total liabilities$30.428B
- Total equity$30.401B
- Cash and equivalents$4.636B
Compared with similar companies
Based on each company's latest annual report, so fiscal year ends may differ.
Compare in detail| Company | Annual revenue | Net income | Revenue growth | Operating margin | Net margin |
|---|---|---|---|---|---|
| QualcommQCOM | $43.12B | $13.628B | −2.6% | 20.1% | 31.6% |
| BroadcomAVGO | $63.887B | $23.126B | +23.9% | 39.9% | 36.2% |
| AMDAMD | $34.639B | $4.335B | +34.3% | 10.7% | 12.5% |
| NVIDIANVDA | $215.938B | $120.067B | +65.5% | 60.4% | 55.6% |
| IntelINTC | $52.853B | −$267M | −0.5% | −4.2% | −0.5% |
| AppleAAPL | $478.834B | $132.175B | +15.1% | 33.0% | 27.6% |
What the company does
Qualcomm's QCT segment supplies Snapdragon systems-on-chip and 5G modem-RF systems for smartphones, PCs, cars and IoT devices, while its QTL segment licenses essential 3G, 4G and 5G wireless patents.
- QCT (Qualcomm CDMA Technologies: handset chips, automotive digital cockpit and ADAS, IoT and Snapdragon X PC chips)
- QTL (Qualcomm Technology Licensing: royalties and licenses for essential wireless standard patents)
The fiscal year ends in late September (on the last Sunday of September). Combining chipset sales (QCT) with very high-margin patent royalties (QTL) gives Qualcomm a high ROE and steady dividends and free cash flow.
Financial statements
Last 5 fiscal years. Currency: US dollars.
Show the table
| Item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Revenue | 44.2B | 35.82B | 38.962B | 44.284B | 43.12B |
| Cost of revenue | 18.635B | 15.869B | 17.06B | 19.738B | 20.222B |
| Gross profit | 25.565B | 19.951B | 21.902B | 24.546B | 22.898B |
| R&D expense | 8.194B | 8.818B | 8.893B | 9.042B | 10.207B |
| Operating income | 15.86B | 7.788B | 10.071B | 12.355B | 8.658B |
| Pretax income | 14.998B | 7.443B | 10.336B | 12.663B | 9.414B |
| Net income | 12.936B | 7.232B | 10.142B | 5.541B | 13.628B |
| EPS (diluted) | $11.37 | $6.42 | $8.97 | $5.01 | $12.70 |
| Operating cash flow | 9.096B | 11.299B | 12.202B | 14.012B | 11.145B |
| Capital expenditures | 2.262B | 1.45B | 1.041B | 1.192B | 2.494B |
| Free cash flow (FCF) | 6.834B | 9.849B | 11.161B | 12.82B | 8.651B |
| Total assets | 49.014B | 51.04B | 55.154B | 50.143B | 60.829B |
| Total liabilities | 31.001B | 29.459B | 28.88B | 28.937B | 30.428B |
| Total equity | 18.013B | 21.581B | 26.274B | 21.206B | 30.401B |
| Cash and equivalents | 3.099B | 8.527B | 7.849B | 5.52B | 4.636B |
| Original filing | 10-K | 10-K | 10-K | 10-K | 10-K |
Source: SEC EDGAR filings for QUALCOMM Incorporated · CIK 0000804328 · US-GAAP