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QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software with connectivity and computing technologies for use in mobile devices; automotive systems for connectivity, digital cockpit, and ADAS/AD; and IoT, including consumer electronic devices, industrial devices, and edge networking products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing LTE, and/or OFDMA-based 5G products and derivatives; to use cellular standard-essential patents, including 3G, 4G and 5G for cellular devices. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, IoT, and extended reality, and investments, including non-marketable equity securities and, to a lesser extent, marketable equity securities, and convertible debt instruments. It also provides development, and other services and sells related products to the United States government agencies and their contractors. In addition, the company is also involved in Qualcomm government technologies and data center businesses. QUALCOMM Incorporated was incorporated in 1985 and is headquartered in San Diego, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $44.3B | $14.9B | $5.5B | $12.8B | 26.1% | 13.7% | -45.4% |
| 2024 | $39.0B | $12.7B | $10.1B | $11.2B | 38.6% | 8.8% | 40.2% |
| 2023 | $35.8B | $9.9B | $7.2B | $9.8B | 33.5% | -19.0% | -44.1% |
| 2022 | $44.2B | $17.3B | $12.9B | $6.8B | 71.8% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 44,200 | 35,820 | 38,962 | 44,284 |
| Operating Revenue | - | 44,200 | 35,820 | 38,962 | 44,284 |
| Cost Of Revenue | - | 18,635 | 15,869 | 17,060 | 19,738 |
| Gross Profit | - | 25,565 | 19,951 | 21,902 | 24,546 |
| Operating Expense | - | 9,705 | 11,301 | 11,649 | 12,152 |
| Research And Development | - | 8,194 | 8,818 | 8,893 | 9,042 |
| Selling General And Administration | - | 2,570 | 2,483 | 2,759 | 3,110 |
| Total Expenses | - | 28,340 | 27,170 | 28,709 | 31,890 |
| Operating Income | - | 15,860 | 8,650 | 10,253 | 12,394 |
| Total Operating Income As Reported | - | 15,860 | 7,788 | 10,071 | 12,355 |
| EBITDA | - | 17,250 | 9,946 | 12,739 | 14,929 |
| Normalized EBITDA | - | 17,572 | 10,858 | 12,832 | 14,762 |
| EBIT | - | 15,488 | 8,137 | 11,033 | 13,327 |
| Interest Income | - | 91 | 313 | 675 | 639 |
| Interest Expense | - | 490 | 694 | 697 | 664 |
| Net Interest Income | - | -399 | -381 | -22 | -25 |
| Other Non Operating Income Expenses | - | -141 | 86 | 198 | 127 |
| Other Income Expense | - | -463 | -826 | 105 | 294 |
| Interest Income Non Operating | - | 91 | 313 | 675 | 639 |
| Interest Expense Non Operating | - | 490 | 694 | 697 | 664 |
| Net Non Operating Interest Income Expense | - | -399 | -381 | -22 | -25 |
| Pretax Income | - | 14,998 | 7,443 | 10,336 | 12,663 |
| Tax Provision | - | 2,012 | 104 | 226 | 7,122 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -41.86 | -9.12 | -1.86 | 35.07 |
| Net Income Continuous Operations | - | 12,986 | 7,339 | 10,110 | 5,541 |
| Net Income From Continuing And Discontinued Operation | - | 12,936 | 7,232 | 10,142 | 5,541 |
| Net Income From Continuing Operation Net Minority Interest | - | 12,986 | 7,339 | 10,110 | 5,541 |
| Net Income | - | 12,936 | 7,232 | 10,142 | 5,541 |
| Net Income Common Stockholders | - | 12,936 | 7,232 | 10,142 | 5,541 |
| Net Income Including Noncontrolling Interests | - | 12,936 | 7,232 | 10,142 | 5,541 |
| Normalized Income | - | 13,266.14 | 8,241.88 | 10,201.14 | 5,409.07 |
| Diluted NI Availto Com Stockholders | - | 12,936 | 7,232 | 10,142 | 5,541 |
| Basic Average Shares | - | 1,123 | 1,117 | 1,116 | 1,096 |
| Diluted Average Shares | - | 1,137 | 1,126 | 1,130 | 1,105 |
| Reconciled Depreciation | - | 1,762 | 1,809 | 1,706 | 1,602 |
| Reconciled Cost Of Revenue | - | 18,635 | 15,869 | 17,060 | 19,738 |
| Total Unusual Items | - | -322 | -912 | -93 | 167 |
| Total Unusual Items Excluding Goodwill | - | -322 | -912 | -93 | 167 |
| Net Income Discontinuous Operations | - | -50 | -107 | 32 | 0 |
| Special Income Charges | - | -47 | -994 | -261 | -152 |
| Write Off | - | 47 | 132 | 79 | 113 |
| Restructuring And Mergern Acquisition | - | - | - | - | 39 |
| Gain On Sale Of Security | - | -275 | 82 | 168 | 319 |
| Other Operating Expenses | - | -1,059 | 862 | -3 | - |
| Earnings From Equity Interest | 13 | -7 | - | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| QUALCOMM Incorporatedthis co. | QCOM | $255.7B | 46.14↓ discount | 12.06 | 26.1% | 17.75 |
| International Business Machines Corporation | IBM | $283.6B | 26.78 | 8.69 | 32.4% | 19.36 |
| KLA Corporation | KLAC | $278.4B | 68.54 | 59.33 | 86.6% | 52.88 |
| Texas Instruments Incorporated | TXN | $277.9B | 55.57 | 17.08 | 30.7% | 34.99 |
| Marvell Technology, Inc. | MRVL |
| - |
| - |
| - |
| - |
| - |
| - |
| $276.8B |
| 103.67 |
| 19.35 |
| 18.7% |
| 61.45 |
| Dell Technologies Inc. | DELL | $274.2B | 46.18 | -110.99 | -240.3% | 24.82 |
| Sandisk Corporation | SNDK | $260.6B | -158.80 | 28.28 | -17.8% | -208.42 |
| Palo Alto Networks, Inc. | PANW | $227.6B | 200.71 | 29.09 | 14.5% | 116.26 |
| Seagate Technology Holdings plc | STX | $209.5B | 142.62 | -462.49 | -324.3% | 102.45 |
| Peer Median | - | 62.06 | 18.21 | 16.6% | 43.93 | |