QUALCOMM INC/DE (QCOM) - Stock Research

Revenue by Segment

Segment	2021	2022	2023	2024	2025	% of Total
Handsets	$20.48B	$28.82B	$22.57B	$24.86B	$27.79B	72%
IoT (internet of things)	$5.43B	$7.35B	$5.94B	$5.42B	$6.62B	17%
Automotive	$1.11B	$1.51B	$1.87B	$2.91B	$3.96B	10%
Service, Other	$0M	$0M	$0M	$0M	$0M	0%
RFFE	$4.16B	$4.33B	—	—	—	—

	1-Yr	4-Yr
Sales	16.2%	8.2%
Cash Flow	17.4%	8.4%
Earnings	-44.1%	-10.7%
Dividends	N/A	N/A
Book Value	-17.5%	22.0%

	1-Yr	4-Yr
ROIC	13.4%	34.1%
Gross Margin	55.4%	56.3%
FCF Yield	6.9%	6.6%
Buyback Yield	4.7%	3.0%

	Q1	Q2	Q3	Q4
2022	2.98	2.57	3.29	2.53
2023	1.98	1.51	1.61	1.32
2024	2.46	2.05	1.88	2.58
2025	2.83	2.53	2.43	-2.78
2026	2.78	—	—	—

Click year for reports

Financial data for QCOM from SEC EDGAR
Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023
Earnings Power
Revenue	26.5B	25.3B	23.6B	22.3B	22.6B	24.3B	23.5B	33.6B	44.2B	35.8B	39.0B	44.3B	6.5B
Net Income	8.0B	5.3B	5.7B	2.5B	-5.0B	4.4B	5.2B	9.0B	12.9B	7.2B	10.1B	5.5B	5.4B
Owner Earnings	6.7B	3.3B	5.0B	2.6B	1.5B	4.8B	3.2B	7.3B	5.3B	7.0B	7.8B	9.6B	10.0B
Non-Recurring	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0
Gross Margin	59.7%	58.9%	58.6%	56.1%	54.7%	64.6%	60.7%	57.5%	57.8%	55.7%	56.2%	55.4%	0.0%
Op. Margin	28.5%	22.8%	27.6%	11.7%	2.7%	31.6%	26.6%	29.2%	35.9%	21.7%	25.8%	27.9%	187.9%
Net Margin	30.1%	20.8%	24.2%	11.1%	-22.0%	18.1%	22.1%	26.9%	29.3%	20.2%	26.0%	12.5%	82.9%
Returns on Capital
ROE	20.3%	16.8%	18.0%	8.0%	0.0%	89.3%	85.5%	90.9%	71.8%	33.5%	38.6%	14.5%	10.1%
ROA	16.4%	10.4%	10.9%	3.8%	-15.2%	13.3%	14.6%	21.9%	26.4%	14.2%	18.4%	10.5%	10.1%
ROIC	30.2%	18.7%	23.4%	16.6%	0.0%	73.9%	56.4%	76.7%	54.5%	31.0%	37.5%	13.4%	9.3%
Cash Flow
Free Cash Flow	7.7B	4.5B	6.9B	4.3B	3.1B	6.4B	4.4B	8.6B	6.8B	9.8B	11.2B	12.8B	0
CapEx	1.2B	994M	539M	690M	784M	887M	1.4B	1.9B	2.3B	1.4B	1.0B	1.2B	0
Maint. CapEx	1.1B	1.2B	1.4B	1.5B	1.6B	1.4B	1.4B	1.6B	1.8B	1.8B	1.7B	1.6B	1.6B
Growth CapEx	35M	0	0	0	0	0	14M	306M	500M	0	0	0	0
CapEx/OCF	13.3%	18.1%	7.3%	13.8%	20.1%	12.2%	24.2%	17.9%	24.9%	12.8%	8.5%	8.5%	0.0%
D&A	1.1B	1.2B	1.4B	1.5B	1.6B	1.4B	1.4B	1.6B	1.8B	1.8B	1.7B	1.6B	1.6B
Capital Allocation
Op. Cash Flow	8.9B	5.5B	7.4B	5.0B	3.9B	7.3B	5.8B	10.5B	9.1B	11.3B	12.2B	14.0B	14.4B
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0
Share Buybacks	4.5B	11.2B	3.9B	1.3B	22.6B	1.8B	2.5B	3.4B	3.1B	3.0B	4.1B	8.8B	8.8B
Buyback Yield	4.9%	17.5%	5.3%	2.2%	25.6%	2.2%	2.0%	2.5%	2.5%	2.5%	2.2%	4.7%	5.9%
Debt Repayment	0	N/A	N/A	0	5.5B	0	2.2B	0	N/A	N/A	N/A	N/A	N/A
Stock-Based Comp	1.1B	1.0B	943M	914M	883M	1.0B	1.2B	1.7B	2.0B	2.5B	2.6B	2.8B	2.8B
Balance Sheet
Total Assets	48.6B	50.8B	52.4B	65.5B	32.7B	33.0B	35.6B	41.2B	49.0B	51.0B	55.2B	50.1B	53.0B
Intangibles	7.1B	9.2B	9.2B	10.4B	9.5B	8.5B	8.0B	8.7B	12.4B	12.1B	12.0B	12.5B	12.5B
Total Liabilities	9.4B	19.4B	20.6B	34.7B	N/A	28.0B	29.5B	31.3B	31.0B	29.5B	28.9B	28.9B	5.2B
Equity	39.2B	31.4B	31.8B	30.7B	N/A	4.9B	6.1B	9.9B	18.0B	21.6B	26.3B	21.2B	53.0B
Net Debt	-17.6B	-6.4B	-8.6B	-17.9B	3.3B	1.2B	4.0B	1.3B	7.2B	3.2B	-30M	4.7B	3.0B
Long-Term Debt	0	10.0B	10.0B	19.4B	15.4B	13.4B	15.2B	13.7B	13.5B	14.5B	13.3B	14.8B	N/A
Debt/Equity	N/A	0.35	0.31	0.63	N/A	2.74	2.51	1.38	0.75	0.67	0.51	0.70	0.28
Interest Coverage	1510.0	55.5	21.9	5.3	0.8	12.2	10.4	17.5	32.4	11.2	14.4	18.6	18.6
Working Capital	16.4B	16.0B	15.7B	32.7B	6.0B	7.8B	9.8B	8.1B	8.9B	12.8B	14.7B	16.6B	16.6B
Current Assets	22.4B	22.1B	23.0B	43.6B	17.4B	16.8B	18.5B	20.1B	20.7B	22.5B	25.2B	25.8B	25.8B
Current Liabilities	6.0B	6.1B	7.3B	10.9B	11.4B	8.9B	8.7B	12.0B	11.9B	9.6B	10.5B	9.1B	9.1B
Retained Earnings	30.8B	31.2B	30.9B	30.1B	542M	4.5B	5.3B	9.8B	17.8B	20.7B	25.7B	20.6B	20.6B
Per Share Data
Avg. Price	54.26	49.84	41.07	46.08	50.33	56.19	77.80	126.33	137.88	110.90	155.22	155.37	138.93
EPS	4.65	3.22	3.81	1.65	-3.39	3.59	4.52	7.87	11.37	6.42	8.97	5.01	4.96
Owner EPS	3.90	2.00	3.36	1.76	1.00	3.97	2.79	6.35	4.66	6.22	6.94	8.70	9.38
Book Value	22.86	19.19	21.22	20.57	N/A	4.02	5.28	8.66	15.83	19.16	23.24	19.17	49.70
Cash Flow/Share	5.19	3.36	4.94	3.35	2.67	5.96	5.06	9.17	7.99	10.03	10.79	12.67	6.53
Dividends/Share	1.54	1.80	2.02	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.00
Shares Out.	1.7B	1.6B	1.5B	1.5B	1.5B	1.2B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B
Valuation
P/E Ratio	11.7	12.2	12.9	25.3	N/A	18.5	23.4	15.0	9.7	16.5	18.5	33.6	28.0
Price/Book	2.4	2.0	2.3	2.0	N/A	16.6	20.0	13.7	7.0	5.5	7.1	8.8	2.8
Price/Sales	3.5	3.2	2.6	3.1	3.3	2.8	3.8	4.3	3.5	3.5	4.5	3.9	22.9
EV/EBIT	10.1	10.0	10.0	17.0	147.1	10.8	20.1	14.0	8.4	15.7	18.6	15.4	12.4
FCF Yield	8.2%	7.0%	9.3%	6.9%	3.5%	7.9%	3.6%	6.4%	5.4%	8.3%	6.0%	6.9%	N/A
Market Cap	93.5B	64.3B	73.7B	62.3B	88.1B	81.3B	121.8B	136.0B	125.6B	119.3B	187.2B	186.2B	148.2B
Year-End Price	54.59	39.25	49.20	41.68	60.16	66.57	105.92	118.34	110.40	105.89	165.54	168.34	138.93

QUALCOMM INC/DE

Business Description

Revenue by Segment

Quality Checklist