Qualcomm QCOM
Public, NASDAQ, reports in USD. Founded 1985.
Theme: Mobile.
ARM processors, networking and mobile.
2025-08-01 — Mature
Financials millions, USD
| Period | Revenue | Growth % | Gross margin % | R&D % | Operating income | Operating margin % | Net income | EPS (diluted) | Rule of 40 | basis |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 44.3bn USD | 13.6 % | 55.4 % | 20.4 % | 12.4bn USD | 28.0 % | 5.5bn USD | 5.01 | 41.7 | |
| 2024 | 39.0bn USD | 8.8 % | 56.2 % | 22.8 % | 10.3bn USD | 26.3 % | 10.1bn USD | 8.97 | 35.1 | |
| 2023 | 35.8bn USD | -19.0 % | 55.7 % | 24.6 % | 7.8bn USD | 21.7 % | 7.2bn USD | 6.42 | 2.8 | |
| 2022 | 44.2bn USD | – | 57.8 % | 18.5 % | 15.9bn USD | 35.9 % | 12.9bn USD | 11.37 | – | |
| 2026-Q3 | 9.9bn USD | -4.0 % | 53.1 % | 26.2 % | 1.6bn USD | 16.3 % | 2.0bn USD | 1.87 | 12.3 | |
| 2026-Q2 | 10.6bn USD | – | 53.8 % | 23.2 % | 2.3bn USD | 21.8 % | 7.4bn USD | 6.88 | – | |
| 2026-Q1 | 12.3bn USD | – | 54.6 % | 20.0 % | 3.4bn USD | 27.5 % | 3.0bn USD | 2.78 | – | |
| 2025-Q4 | 11.3bn USD | – | 55.3 % | 21.0 % | 3.0bn USD | 26.2 % | -3.1bn USD | -2.89 | – | |
| 2025-Q3 | 10.4bn USD | – | 55.6 % | 21.5 % | 2.8bn USD | 26.6 % | 2.7bn USD | 2.43 | – |
Sources
- 2025: 2025_10-K_Summary_2026-07-10.xlsx
- 2024: 2025_10-K_Summary_2026-07-10.xlsx
- 2023: 2025_10-K_Summary_2026-07-10.xlsx
- 2022: 2025_10-K_Summary_2026-07-10.xlsx
- 2026-Q3: yfinance
- 2026-Q2: yfinance
- 2026-Q1: yfinance
- 2025-Q4: yfinance
- 2025-Q3: yfinance
Latest quarter 2026-Q3, ended 2026-06-30, vs 2025-Q3
| 2026-Q3 | 2025-Q3 | change | |
|---|---|---|---|
| Revenue | 9.9bn USD | 10.4bn USD | -418m (-4 %) |
| Op. margin | 16.3 % | 26.6 % | -10.3 pts |
| FCF | 495m USD | 2.6bn USD | -2.1bn (-81 %) |
| Op. income | 1.6bn USD | ||
| Net income | 2.0bn USD | ||
| EPS (diluted) | 1.87 | -23.0 % |
Cash flow millions, USD
| Period | Cash from operations | Capex | Free cash flow | FCF margin % | CFO / net income % | NOPAT | Unlevered FCF | Levered FCF | Net change in cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | 14.0bn USD | 1.2bn USD | 12.8bn USD | 29.0 % | 252.9 % | 5.4bn USD | 6.2bn USD | 12.9bn USD | 16m USD |
| 2024 | 12.2bn USD | 1.0bn USD | 11.2bn USD | 28.6 % | 120.3 % | 10.0bn USD | 11.9bn USD | 10.2bn USD | -690m USD |
| 2023 | 11.3bn USD | 1.4bn USD | 9.8bn USD | 27.5 % | 156.2 % | 7.7bn USD | 9.2bn USD | 9.8bn USD | 5.4bn USD |
| 2022 | 9.1bn USD | 2.3bn USD | 6.8bn USD | 15.5 % | 70.3 % | 13.7bn USD | 5.4bn USD | 6.4bn USD | -3.9bn USD |
NOPAT = op. income × (1 − effective tax rate); UFCF = NOPAT + D&A + ΔNWC − capex; LFCF = FCF + net debt issued.
Quotes
| Price | 189.34 USD | 2026-09-15 | |
|---|---|---|---|
| Market cap | 202.2bn USD | 2026-09-15 | |
| 52w high | 259.92 USD | 2026-09-15 | |
| 52w low | 121.99 USD | 2026-09-15 | |
| Off 52w high % | -27.2 % | ||
| P/S | 4.6 | ||
| Lifetime CAGR | 9.5 % |
Notes
- 2025-08-01 opinion Mature