QCOM

Updated: Mar 12, 2026 11:30 AM

Qualcomm Incorporated

Market Cap: $152.05B P/S: 12x Ownership — Insider: 0.5% | Institutional: 81.6% | Retail: 18.0% TECHNOLOGY SEMICONDUCTORS

Qualcomm is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware. It creates semiconductors, software, and services related to wireless technology. It owns patents critical to the 5G, 4G, CDMA2000, TD-SCDMA and WCDMA mobile communications standards.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        20/20 dates (100%)
  ✅ grossProfit                         20/20 dates (100%)
  ✅ netIncome                           20/20 dates (100%)

Plot for QCOM (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -44.28B                   -22.14B                    0.00B                    22.14B                    44.28B
               |                         |                         |                         |                         |

  2006-09-30 |                                                     |  7.53B
  2007-09-30 |                                                     |  8.87B
  2008-09-30 |                                                     |  11.14B
  2009-09-30 |                                                     |  10.42B
  2010-09-30 |                                                     |  10.99B
  2011-09-30 |                                                     |  14.96B
  2012-09-30 |                                                     |  19.12B
  2013-09-30 |                                                     |  24.87B
  2014-09-30 |                                                     |  26.49B
  2015-09-30 |                                                     |  25.28B
  2016-09-30 |                                                     |  23.55B
  2017-09-30 |                                                     |  22.29B
  2018-09-30 |                                               |  22.73B
  2019-09-30 |                                                     |  24.27B
  2020-09-30 |                                                     |  23.53B
  2021-09-30 |                                                     |  33.57B
  2022-09-30 |                                                     | 44.20B
  2023-09-30 |                                                     |  35.82B
  2024-09-30 |                                                     |  38.96B
  2025-09-30 |                                                     | 44.28B

               |                         |                         |                         |                         |
               -44.28B                   -22.14B                    0.00B                    22.14B                    44.28B

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              20/20 dates (100%)
  ✅ sellingGeneralAndAdministrative     20/20 dates (100%)
  ✅ costofGoodsAndServicesSold          20/20 dates (100%)

Plot for QCOM (in B)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     4.93B                     9.87B                    14.80B                    19.74B
               |                         |                         |                         |                         |

  2006-09-30 |  2.18B
  2007-09-30 |  2.68B
  2008-09-30 |  3.41B
  2009-09-30 |  3.18B
  2010-09-30 |  3.52B
  2011-09-30 |  4.88B
  2012-09-30 |  7.10B
  2013-09-30 |  9.82B
  2014-09-30 |  10.69B
  2015-09-30 |  10.38B
  2016-09-30 |  9.75B
  2017-09-30 |  9.79B
  2018-09-30 |  10.24B
  2019-09-30 |  8.60B
  2020-09-30 |  9.26B
  2021-09-30 |  14.26B
  2022-09-30 |  18.64B
  2023-09-30 |  15.87B
  2024-09-30 |  17.06B
  2025-09-30 |  19.74B

               |                         |                         |                         |                         |
               0.00B                     4.93B                     9.87B                    14.80B                    19.74B

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         20/20 dates (100%)
  ⚠️  shortLongTermDebtTotal              16/20 dates (80%)
  ✅ operatingCashflow                   20/20 dates (100%)

Plot for QCOM (in B)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                     8.76B                    17.51B                    26.27B                    35.03B
               |                         |                         |                         |                         |

  2006-09-30 |  3.25B ⊗
  2007-09-30 |  3.81B ⊗
  2008-09-30 |  3.56B
  2009-09-30 |  7.17B
  2010-09-30 |  4.08B
  2011-09-30 |  5.46B
  2012-09-30 |  6.00B ⊗
  2013-09-30 |  8.78B
  2014-09-30 |  8.89B ⊗
  2015-09-30 |  10.97B
  2016-09-30 |  11.76B
  2017-09-30 |  35.03B
  2018-09-30 |  16.37B
  2019-09-30 |  15.93B
  2020-09-30 |  15.73B
  2021-09-30 |  16.30B
  2022-09-30 |  16.16B
  2023-09-30 |  16.07B
  2024-09-30 |  15.44B
  2025-09-30 |  16.37B

               |                         |                         |                         |                         |
               0.00B                     8.76B                    17.51B                    26.27B                    35.03B

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   20/20 dates (100%)
  ✅ capitalExpenditures                 20/20 dates (100%)

Plot for QCOM (in B)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00B                     3.50B                     7.01B                    10.51B                    14.01B
               |                         |                         |                         |                         |

  2006-09-30 |  3.25B
  2007-09-30 |  3.81B
  2008-09-30 |  3.56B
  2009-09-30 |  7.17B
  2010-09-30 |  4.08B
  2011-09-30 |  4.90B
  2012-09-30 |  6.00B
  2013-09-30 |  8.78B
  2014-09-30 |  8.89B
  2015-09-30 |  5.51B
  2016-09-30 |  7.40B
  2017-09-30 |  4.69B
  2018-09-30 |  3.90B
  2019-09-30 |  7.29B
  2020-09-30 |  5.81B
  2021-09-30 |  10.54B
  2022-09-30 |  9.10B
  2023-09-30 |  11.30B
  2024-09-30 |  12.20B
  2025-09-30 |  14.01B

               |                         |                         |                         |                         |
               0.00B                     3.50B                     7.01B                    10.51B                    14.01B

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         20/20 dates (100%)
  ✅ totalLiabilities                    20/20 dates (100%)
  ✅ totalShareholderEquity              20/20 dates (100%)

Plot for QCOM (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                    16.37B                    32.74B                    49.11B                    65.49B
               |                         |                         |                         |                         |

  2006-09-30 |  15.21B
  2007-09-30 |  18.50B
  2008-09-30 |  24.56B
  2009-09-30 |  27.45B
  2010-09-30 |  30.57B
  2011-09-30 |  36.42B
  2012-09-30 |  43.01B
  2013-09-30 |  45.52B
  2014-09-30 |  48.57B
  2015-09-30 |  50.80B
  2016-09-30 |  52.36B
  2017-09-30 |  65.49B
  2018-09-30 |  32.69B
  2019-09-30 |  32.96B
  2020-09-30 |  35.59B
  2021-09-30 |  41.24B
  2022-09-30 |  49.01B
  2023-09-30 |  51.04B
  2024-09-30 |  55.15B
  2025-09-30 |  50.14B

               |                         |                         |                         |                         |
               0.00B                    16.37B                    32.74B                    49.11B                    65.49B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           20/20 dates (100%)
  ⚠️  shortLongTermDebtTotal              16/20 dates (80%)
  ✅ totalShareholderEquity              20/20 dates (100%)

Plot for QCOM (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -39.17B                   -19.58B                    0.00B                    19.58B                    39.17B
               |                         |                         |                         |                         |

  2006-09-30 |                                                     |  13.41B ⊗
  2007-09-30 |                                                     |  15.84B ⊗
  2008-09-30 |                                                     |  17.94B
  2009-09-30 |                                                     |  20.32B
  2010-09-30 |                                                     |  20.86B
  2011-09-30 |                                                     |  26.95B
  2012-09-30 |                                                     |  33.52B ⊗
  2013-09-30 |                                                     |  36.09B
  2014-09-30 |                                                     | 39.17B ⊗
  2015-09-30 |                                                     |  31.42B
  2016-09-30 |                                                     |  31.78B
  2017-09-30 |                                                     |  30.75B
  2018-09-30 |                                              |  16.37B
  2019-09-30 |                                                     |  15.93B
  2020-09-30 |                                                     |  15.73B
  2021-09-30 |                                                     |  16.30B
  2022-09-30 |                                                     |  18.01B
  2023-09-30 |                                                     |  21.58B
  2024-09-30 |                                                     |  26.27B
  2025-09-30 |                                                     |  21.21B

               |                         |                         |                         |                         |
               -39.17B                   -19.58B                    0.00B                    19.58B                    39.17B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for QCOM (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -12.25B                   -6.13B                     0.00B                     6.13B                    12.25B
               |                         |                         |                         |                         |

  2019-12-31 |                                                     |  5.08B
  2020-03-31 |                                                     |  5.22B
  2020-06-30 |                                                     |  4.89B
  2020-09-30 |                                                     |  8.35B
  2020-12-31 |                                                     |  8.23B
  2021-03-31 |                                                     |  7.93B
  2021-06-30 |                                                     |  8.06B
  2021-09-30 |                                                     |  9.34B
  2021-12-31 |                                                     |  10.71B
  2022-03-31 |                                                     |  11.16B
  2022-06-30 |                                                     |  10.94B
  2022-09-30 |                                                     |  11.39B
  2022-12-31 |                                                     |  9.46B
  2023-03-31 |                                                     |  9.28B
  2023-06-30 |                                                     |  8.45B
  2023-09-30 |                                                     |  8.63B
  2023-12-31 |                                                     |  9.94B
  2024-03-31 |                                                     |  9.39B
  2024-06-30 |                                                     |  9.39B
  2024-09-30 |                                                     |  10.24B
  2024-12-31 |                                                     |  11.67B
  2025-03-31 |                                                     |  10.98B
  2025-06-30 |                                                     |  10.37B
  2025-09-30 |                                        |  11.27B
  2025-12-31 |                                                     | 12.25B

               |                         |                         |                         |                         |
               -12.25B                   -6.13B                     0.00B                     6.13B                    12.25B

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              25/25 dates (100%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for QCOM (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     1.39B                     2.78B                     4.18B                     5.57B
               |                         |                         |                         |                         |

  2019-12-31 |  2.11B
  2020-03-31 |  2.30B
  2020-06-30 |  2.08B
  2020-09-30 |  2.77B
  2020-12-31 |  3.49B
  2021-03-31 |  3.43B
  2021-06-30 |  3.40B
  2021-09-30 |  4.06B
  2021-12-31 |  4.30B
  2022-03-31 |  4.65B
  2022-06-30 |  4.82B
  2022-09-30 |  4.87B
  2022-12-31 |  4.04B
  2023-03-31 |  4.15B
  2023-06-30 |  3.79B
  2023-09-30 |  3.88B
  2023-12-31 |  4.31B
  2024-03-31 |  4.11B
  2024-06-30 |  4.17B
  2024-09-30 |  4.47B
  2024-12-31 |  5.16B
  2025-03-31 |  4.94B
  2025-06-30 |  4.61B
  2025-09-30 |  5.03B
  2025-12-31 |  5.57B

               |                         |                         |                         |                         |
               0.00B                     1.39B                     2.78B                     4.18B                     5.57B

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for QCOM (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                     4.22B                     8.44B                    12.66B                    16.88B
               |                         |                         |                         |                         |

  2019-12-31 |  15.94B
  2020-03-31 |  16.47B
  2020-06-30 |  16.43B
  2020-09-30 |  15.73B
  2020-12-31 |  15.73B
  2021-03-31 |  15.73B
  2021-06-30 |  15.74B
  2021-09-30 |  16.30B
  2021-12-31 |  15.75B
  2022-03-31 |  15.68B
  2022-06-30 |  15.54B
  2022-09-30 |  16.16B
  2022-12-31 |  16.88B
  2023-03-31 |  15.98B
  2023-06-30 |  15.44B
  2023-09-30 |  16.07B
  2023-12-31 |  15.48B
  2024-03-31 |  15.46B
  2024-06-30 |  14.55B
  2024-09-30 |  15.44B
  2024-12-31 |  14.58B
  2025-03-31 |  14.62B
  2025-06-30 |  14.79B
  2025-09-30 |  16.37B
  2025-12-31 |  14.82B

               |                         |                         |                         |                         |
               0.00B                     4.22B                     8.44B                    12.66B                    16.88B

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for QCOM (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00B                     1.24B                     2.48B                     3.72B                     4.96B
               |                         |                         |                         |                         |

  2019-12-31 |  1.12B
  2020-03-31 |  1.08B
  2020-06-30 |  1.87B
  2020-09-30 |  1.74B
  2020-12-31 |  3.17B
  2021-03-31 |  2.91B
  2021-06-30 |  3.37B
  2021-09-30 |  1.08B
  2021-12-31 |  2.06B
  2022-03-31 |  2.70B
  2022-06-30 |  2.90B
  2022-09-30 |  1.45B
  2022-12-31 |  3.10B
  2023-03-31 |  1.46B
  2023-06-30 |  2.66B
  2023-09-30 |  4.09B
  2023-12-31 |  2.95B
  2024-03-31 |  3.55B
  2024-06-30 |  3.05B
  2024-09-30 |  2.65B
  2024-12-31 |  4.59B
  2025-03-31 |  2.55B
  2025-06-30 |  2.88B
  2025-09-30 |  4.00B
  2025-12-31 |  4.96B

               |                         |                         |                         |                         |
               0.00B                     1.24B                     2.48B                     3.72B                     4.96B

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for QCOM (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                    13.89B                    27.79B                    41.68B                    55.58B
               |                         |                         |                         |                         |

  2019-12-31 |  33.11B
  2020-03-31 |  31.94B
  2020-06-30 |  32.33B
  2020-09-30 |  35.59B
  2020-12-31 |  37.48B
  2021-03-31 |  37.17B
  2021-06-30 |  38.77B
  2021-09-30 |  41.24B
  2021-12-31 |  42.82B
  2022-03-31 |  44.30B
  2022-06-30 |  47.02B
  2022-09-30 |  49.01B
  2022-12-31 |  50.01B
  2023-03-31 |  48.36B
  2023-06-30 |  49.00B
  2023-09-30 |  51.04B
  2023-12-31 |  52.13B
  2024-03-31 |  53.17B
  2024-06-30 |  52.74B
  2024-09-30 |  55.15B
  2024-12-31 |  55.58B
  2025-03-31 |  55.37B
  2025-06-30 |  54.86B
  2025-09-30 |  50.14B
  2025-12-31 |  53.03B

               |                         |                         |                         |                         |
               0.00B                    13.89B                    27.79B                    41.68B                    55.58B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for QCOM (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -27.73B                   -13.86B                    0.00B                    13.86B                    27.73B
               |                         |                         |                         |                         |

  2019-12-31 |                                                     |  15.94B
  2020-03-31 |                                                     |  16.47B
  2020-06-30 |                                                     |  16.43B
  2020-09-30 |                                                     |  15.73B
  2020-12-31 |                                                     |  15.73B
  2021-03-31 |                                                     |  15.73B
  2021-06-30 |                                                     |  15.74B
  2021-09-30 |                                                     |  16.30B
  2021-12-31 |                                                     |  15.75B
  2022-03-31 |                                                     |  15.68B
  2022-06-30 |                                                     |  16.05B
  2022-09-30 |                                                     |  18.01B
  2022-12-31 |                                                     |  18.81B
  2023-03-31 |                                                     |  19.70B
  2023-06-30 |                                                     |  20.67B
  2023-09-30 |                                                     |  21.58B
  2023-12-31 |                                                     |  23.06B
  2024-03-31 |                                                     |  24.47B
  2024-06-30 |                                                     |  24.67B
  2024-09-30 |                                                     |  26.27B
  2024-12-31 |                                                     |  26.88B
  2025-03-31 |                                                     | 27.73B
  2025-06-30 |                                                     |  27.21B
  2025-09-30 |                                               |  21.21B
  2025-12-31 |                                                     |  23.07B

               |                         |                         |                         |                         |
               -27.73B                   -13.86B                    0.00B                    13.86B                    27.73B

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