Is QUALCOMM financially healthy?

On 27 September 2026 QUALCOMM held 7.68B USD in cash and short-term investments against total debt of 15.99B USD. Its current ratio is 1.86: what falls due within a year against what turns into cash within a year. Over the last twelve months it generated 8.65B USD of free cash flow.

QUALCOMM's revenue grew 5.1% a year over its last five fiscal years, from 33.57B USD in fiscal year 2021 to 43.12B USD in fiscal year 2026. Over the last twelve months it was down 2.6% on the twelve months before.

Where can I find QUALCOMM's annual report (10-K)?

QUALCOMM files its annual report (Form 10-K) and its quarterly reports (Form 10-Q) with the US Securities and Exchange Commission, on its EDGAR site; the figures on these pages come from them.

QUALCOMM
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QCOM

Arincen ScoreBeta73/100

73/100B

173.550

USD

2.11

(1.23%)

Pre Open·178.800USD+5.250(+3.03%)

Last updated: 11 Nov, 06:13 GMT-5 · Delayed 15 min

Fair value204.35Plus-15%110Price 173.55369

Q1 FY2027 · Earnings report

EPS estimate 2.27Revenue estimate 10.82B

Q1 FY2027 · Earnings report

Wednesday 3 February

EPS estimate 2.27Revenue estimate 10.82B

Fair value204.35Plus-15%110Price 173.55369

Q1 FY2027 · Earnings report

EPS estimate 2.27Revenue estimate 10.82B

Q1 FY2027 · Earnings report

Wednesday 3 February

EPS estimate 2.27Revenue estimate 10.82B

Overview Financials Signals News Forecast Earnings Dividends Company

QUALCOMM financials

Yes. QUALCOMM earned 13.63B USD of net income over the last twelve months, 31.6% of its revenue. It made a profit in 32 of its 37 fiscal years since 1990. Its last loss was in fiscal year 2018.

Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.: 43.12B USD
Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.: 13.63B USD
Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.: 8.65B USD
Cash and short-term investments: 7.68B USD
Total debt: 15.99B USD
Shareholders' equityWhat is a balance sheet? The balance sheet lists what a company owns (assets), what it owes (liabilities) and what is left for its shareholders (equity) on one date.: 30.40B USD

Cash, debt and equity as of 27 Sept 2026.

QUALCOMM earnings

Next earnings · Q1 FY2027

3 Feb 2027

EPS estimate

2.27 USD

Revenue estimate

10.82B USD

Last quarter · Q4 FY2026

EPS2.17Beat +0.5%Revenue10.32BBeat +2.0%

Revenue

ReportedEstimate

EPS

ReportedEstimate

Period	Report date	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
Q4 FY2027	—	2.76	—	—	+27.06%	12.07B	—	—	+16.97%
Q3 FY2027	—	2.44	—	—	+10.62%	11.30B	—	—	+13.57%
Q2 FY2027	—	2.28	—	—	-14.05%	10.86B	—	—	+2.50%
Q1 FY2027	3 Feb 2027	2.27	—	—	-35.14%	10.82B	—	—	-11.66%
Q4 FY2026	4 Nov 2026	2.16	2.17	+0.46%	-27.67%	10.12B	10.32B	+2.02%	-8.42%
Q3 FY2026	29 Jul 2026	2.23	2.21	-0.90%	-20.22%	9.69B	9.95B	+2.60%	-4.03%
Q2 FY2026	29 Apr 2026	2.56	2.65	+3.52%	-7.02%	10.59B	10.60B	+0.08%	-3.46%
Q1 FY2026	4 Feb 2026	3.39	3.50	+3.24%	+2.64%	12.12B	12.25B	+1.08%	+5.00%
Q4 FY2025	5 Nov 2025	2.87	3.00	+4.53%	+11.52%	10.77B	11.27B	+4.65%	+10.03%
Q3 FY2025	30 Jul 2025	2.71	2.77	+2.21%	+18.88%	10.33B	10.37B	+0.33%	+10.35%

Period	EPS estimate	Reported EPS	Surprise	EPS growth	Revenue estimate	Reported revenue	Surprise	Revenue growth
FY2029	16.85	—	—	+34.34%	62.29B	—	—	+19.16%
FY2028	12.54	—	—	+26.70%	52.28B	—	—	+15.87%
FY2027	9.90	—	—	-5.97%	45.12B	—	—	+4.64%
FY2026	10.52	10.53	+0.05%	-12.47%	42.99B	43.12B	+0.30%	-2.63%
FY2025	11.91	12.03	+1.03%	+17.83%	43.68B	44.28B	+1.39%	+13.66%
FY2024	9.40	10.21	+8.59%	+21.40%	40.70B	38.96B	-4.26%	+8.77%
FY2023	8.31	8.41	+1.25%	-32.88%	35.69B	35.82B	+0.35%	-18.96%

QUALCOMM growth and profitability

Full income statement

Revenue (TTM)What does TTM (trailing twelve months) mean? TTM (trailing twelve months) is a figure over the latest twelve months of reports: usually the last four quarters added together.: 43.12B USD
Net income (TTM)What is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.: 13.63B USD
Gross marginWhat are gross, operating and net profit margins? A profit margin is the share of revenue kept as profit: gross margin after the cost of sales, operating margin after running costs, net margin after all costs.: 53.10%
Operating margin: 20.08%
Net margin: 31.60%

Revenue / Net income

Revenue Net income Net margin

Period	Revenue	Growth	Net income	Growth	Gross margin	Operating margin	Net margin	EBITDA	Growth
FY2026	43.12B	-2.63%	13.63B	+145.95%	53.10%	20.08%	31.60%	11.73B	-21.41%
FY2025	44.28B	+13.66%	5.54B	-45.37%	55.43%	27.90%	12.51%	14.93B	+17.19%
FY2024	38.96B	+8.77%	10.14B	+40.24%	56.21%	25.85%	26.03%	12.74B	+28.08%
FY2023	35.82B	-18.96%	7.23B	-44.09%	55.70%	21.74%	20.19%	9.95B	-42.34%
FY2022	44.20B	+31.68%	12.94B	+43.05%	57.84%	35.88%	29.27%	17.25B	+38.94%

Period	Revenue	Net income	Gross margin	Operating margin	Net margin
Q4 FY2026	10.32B	1.25B	50.75%	13.14%	12.12%
Q3 FY2026	9.95B	2.00B	53.05%	16.35%	20.13%
Q2 FY2026	10.60B	7.37B	53.77%	21.79%	69.53%
Q1 FY2026	12.25B	3.00B	54.55%	27.47%	24.52%
Q4 FY2025	11.27B	-3.12B	55.34%	25.89%	-27.66%

How QUALCOMM makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

QCT37.21B 86.3%

QTL5.56B 12.9%

Revenue43.12B 100.0%

Cost of revenue20.22B 46.9%

Gross profit22.90B 53.1%

Research and development10.21B 23.7%

Selling and administration3.70B 8.6%

Other operating expenses332.00M 0.8%

Operating income8.66B 20.1%

Net income13.63B 31.6%

FY2026, in USD. Each band is as wide as its money; the percentage is its share of revenue.

QUALCOMM revenue breakdown

By product

FY2026

87.0%QCT13.0%QTL

Segment	Revenue	Share of revenue	Change on the year
QCT	37.21B	87.0%	-3.0%
QTL	5.56B	13.0%	-0.5%

By region

FY2023

62.5%China12.7%VIET NAM12.2%Other Foreign9.1%South Korea3.5%United States

Region	Revenue	Share of revenue	Change on the year
China	22.38B	62.5%	-20.4%
VIET NAM	4.55B	12.7%	-24.9%
Other Foreign	4.36B	12.2%	-18.9%
South Korea	3.27B	9.1%	+3.4%
United States	1.26B	3.5%	-15.0%

Operating and free cash flow

Full cash flow statement

Operating cash flow Free cash flow

Fiscal year	Operating cash flow	Free cash flow
FY2026	11.15B	8.65B
FY2025	14.01B	12.82B
FY2024	12.20B	11.16B
FY2023	11.30B	9.85B
FY2022	9.10B	6.83B
FY2021	10.54B	8.65B
FY2020	5.81B	4.41B
FY2019	7.29B	6.40B
FY2018	3.90B	3.11B
FY2017	4.69B	4.00B

QUALCOMM financial health

Full balance sheet

Cash and short-term investments: 7.68B USD
Total debt: 15.99B USD
Net cash: -8.31B USD
Free cash flow (TTM)What is free cash flow (FCF)? Free cash flow is the cash a company's operations bring in minus what it spends on long-term assets (capex): cash left for debt, dividends and buybacks.: 8.65B USD
Current ratioWhat is the current ratio? The current ratio is current assets divided by current liabilities: whether what a company will turn into cash within a year covers what it owes within a year.: 1.86
Debt to equityWhat is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.: 0.53
Piotroski scoreWhat is the Piotroski F-Score? The Piotroski F-Score rates a company's financial strength from 0 to 9: one point for each of nine tests of profit, debt and efficiency it passes.: 5 / 9
Altman Z-scoreWhat is the Altman Z-Score? The Altman Z-Score rolls five financial ratios into one number that signals a company's risk of bankruptcy: over 3 is safe, under 1.8 is distress.: 5.70

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow

Fiscal year	Cash and short-term investments	Total debt	Free cash flow
FY2026	7.68B	15.99B	8.65B
FY2025	12.48B	15.64B	12.82B
FY2024	13.30B	15.44B	11.16B
FY2023	11.32B	16.07B	9.85B
FY2022	6.38B	16.16B	6.83B

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity

Fiscal year	Total assets	Total liabilities	Shareholders' equity
FY2026	60.83B	30.43B	30.40B
FY2025	50.14B	28.94B	21.21B
FY2024	55.15B	28.88B	26.27B
FY2023	51.04B	29.46B	21.58B
FY2022	49.01B	31.00B	18.01B
FY2021	41.24B	31.29B	9.95B
FY2020	35.59B	29.52B	6.08B
FY2019	32.96B	28.05B	4.91B
FY2018	32.69B	31.76B	928.00M
FY2017	65.49B	34.74B	30.75B

QUALCOMM valuation

Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.: 13.55
Forward P/E (FY2027)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.: 17.53
Price to sales (TTM)What is the P/S ratio? The price-to-sales ratio compares a company's market value with its revenue over the last year: what you pay for each dollar of sales.: 4.31
Price to bookWhat is the P/B ratio? The price-to-book ratio compares a company's market value with its book value, the shareholders' equity on its balance sheet.: 6.11
EV / EBITDA (TTM)What is EV/EBITDA? EV/EBITDA compares a company's whole value, debt included and cash taken off, with a year of its earnings before interest, tax and depreciation.: 16.54

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Market capitalization

185.70B USD

Total debt

15.99B USD

−

Cash and short-term investments

7.68B USD

Enterprise value

194.01B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate

Fiscal year	P/E	Forward P/E	P/S	P/B	EV/EBITDA
FY2029 (est.)	10.30	—	—	—	—
FY2028 (est.)	13.83	10.30	—	—	—
FY2027 (est.)	17.53	13.83	—	—	—
Now (TTM)	13.55	16.97	4.31	6.11	16.54
FY2026	14.64	20.39	4.63	6.56	17.97
FY2025	32.67	16.06	4.09	8.54	12.71
FY2024	18.71	14.28	4.87	7.22	15.49
FY2023	17.17	11.81	3.46	5.75	13.24
FY2022	9.81	13.61	2.87	7.04	8.13

QUALCOMM against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

Each figure in the latest fiscal year against the same figure from FY2022 to FY2026: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: KLA, Marvell Technology, Analog Devices, Texas Instruments, Lam Research, and Applied Materials, the US Semiconductors companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

P/E (today)Below its median13.6
9.036.4
Gross marginLowest in 5 years53.1%
53.1%57.8%
Against its peers: 4 of 7Peers' median 54.0%
Operating marginLowest in 5 years20.1%
20.1%35.9%
Against its peers: 6 of 7Peers' median 31.6%
Net marginHighest in 5 years31.6%
12.5%31.6%
Against its peers: 3 of 7Peers' median 29.8%
Return on equityAbove its median44.8%
26.1%71.8%
Against its peers: 3 of 7Peers' median 32.5%
Free cash flow marginBelow its median20.1%
15.5%28.9%
Against its peers: 5 of 7Peers' median 20.6%
Revenue growthBelow its median-2.6%
-19.0%31.7%
Against its peers: 7 of 7Peers' median 15.0%
EPS growthHighest in 5 years153.5%
-44.2%153.5%
Against its peers: 1 of 6Peers' median 20.5%
Debt to EBITDAAbove its median1.36×
0.94×1.62×
Against its peers: 5 of 7Peers' median 1.04×
Current ratioBelow its median1.86
1.752.82
Against its peers: 7 of 7Peers' median 2.62

Figure	FY2026	5-year low – high	Against its history	Against its peers
P/E (today)	13.6	9.036.4	Below its median	—
Gross margin	53.1%	53.1%57.8%	Lowest in 5 years	4 of 7
Operating margin	20.1%	20.1%35.9%	Lowest in 5 years	6 of 7
Net margin	31.6%	12.5%31.6%	Highest in 5 years	3 of 7
Return on equity	44.8%	26.1%71.8%	Above its median	3 of 7
Free cash flow margin	20.1%	15.5%28.9%	Below its median	5 of 7
Revenue growth	-2.6%	-19.0%31.7%	Below its median	7 of 7
EPS growth	153.5%	-44.2%153.5%	Highest in 5 years	1 of 6
Debt to EBITDA	1.36×	0.94×1.62×	Above its median	5 of 7
Current ratio	1.86	1.752.82	Below its median	7 of 7

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

QUALCOMM dividends

Annual dividend: 3.68 USD
Dividend yield (indicated)What is dividend yield? Dividend yield is a year of dividends as a percentage of the share price: the income a shareholder receives for each dollar invested at today's price.: 2.12%
Payout ratioWhat is the payout ratio? The payout ratio is the share of a company's earnings paid out as dividends: dividends per share divided by earnings per share (EPS).: 35.44%
Years of dividend growthWhat are years of dividend growth? The years in a row a company has raised its dividend per share. 25 years make an S&P 500 company a Dividend Aristocrat; 50 make a Dividend King.: 23
Frequency: Quarterly
Next payment: 0.92 USD
Next ex-dividend dateWhat is the ex-dividend date? The ex-dividend date is the first day a stock trades without its next dividend: buy before it to receive the payment; buy on or after it and the seller gets it.: 3 Dec 2026
Next payment date: 17 Dec 2026

Dividends per share

Year	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Dividends per share	3.52	3.35	3.15	3.00	2.69	2.57	2.48	2.43	2.24	2.07

QUALCOMM ownership

InstitutionsWhat is institutional ownership? Institutional ownership is the share of a company's stock held by funds, banks and other investment managers, as they report it each quarter on Form 13F.: 80.95%
Institutional holders: 3,199 (+328)
Free floatWhat is free float? Free float is the part of a company's shares that anyone can buy and sell: all its shares minus those held by insiders, founders and owners of over 5%.: 99.28%

Who owns the shares

Institutions 81.0% Others 19.0%

As of 30 Jun 2026

Shares free to trade

Free float 1.06B shares ·99.3% Closely held 7.70M shares ·0.7%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

Quarter	Sales	Shares acquired	Shares disposed of
Q4 2026	11	267.43K	142.79K
Q3 2026	30	1.85K	33.25K
Q2 2026	45	1.84K	33.52K
Q1 2026	14	66.01K	54.53K

Shares outstanding

Basic shares Diluted shares Change in diluted shares

Fiscal year	Basic shares	Diluted shares	Change in diluted shares
FY2026	1.06B	1.07B	-2.90%
FY2025	1.10B	1.11B	-2.21%
FY2024	1.12B	1.13B	+0.36%
FY2023	1.12B	1.13B	-0.97%
FY2022	1.12B	1.14B	-1.04%

Common questions about QUALCOMM's financials

Source: Financial Modeling Prep

QUALCOMM
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QCOM

QUALCOMM financials

QUALCOMM earnings

Revenue

EPS

QUALCOMM growth and profitability

Revenue / Net income

How QUALCOMM makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

QUALCOMM revenue breakdown

By product

By region

Operating and free cash flow

QUALCOMM financial health

Cash, debt and free cash flow

Assets, liabilities and equity

QUALCOMM valuation

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Valuation over time

QUALCOMM against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

QUALCOMM dividends

Dividends per share

QUALCOMM ownership

Who owns the shares

Shares free to trade

Insider trading

Shares outstanding

Common questions about QUALCOMM's financials

Is QUALCOMM profitable?

Is QUALCOMM financially healthy?

Is QUALCOMM growing?

Where can I find QUALCOMM's annual report (10-K)?

Need help?

QUALCOMM DQuotes are delayed by 15 minutes

QCOM

QUALCOMM financials

QUALCOMM earnings

Revenue

EPS

QUALCOMM growth and profitability

Revenue / Net income

How QUALCOMM makes its moneyWhat is an income statement? The income statement shows a company's revenue, costs and profit over a quarter or a year, from sales at the top to net income at the bottom.

QUALCOMM revenue breakdown

By product

By region

Operating and free cash flow

QUALCOMM financial health

Cash, debt and free cash flow

Assets, liabilities and equity

QUALCOMM valuation

Capital structureWhat is enterprise value? Enterprise value is what the whole business costs: the market value of its shares plus its debt minus its cash. It is the price behind EV/EBITDA.

Valuation over time

QUALCOMM against its own historyWhat does "against its own history" show? The company's latest margins, return on equity, growth, debt and P/E against its own last 5 years: the low, the median and the high, and whether this year is better or worse than usual.

QUALCOMM dividends

Dividends per share

QUALCOMM ownership

Who owns the shares

Shares free to trade

Insider trading

Shares outstanding

Common questions about QUALCOMM's financials

Is QUALCOMM profitable?

Is QUALCOMM financially healthy?

Is QUALCOMM growing?

Where can I find QUALCOMM's annual report (10-K)?

Need help?

QUALCOMM
D
Quotes are delayed by 15 minutes