Item 1. Business We incorporated in California in 1985 and reincorporated in Delaware in 1991. We operate and report using a 52-53 week fiscal year ending on the last Sunday in September. Our 52-week fiscal years consist of four equal fiscal quarters of 13 weeks each, and our 53-week fiscal years consist of three 13-week fiscal quarters and one 14-week fiscal quarter. The financial results for our 53-week fiscal years and our 14-week fiscal quarters will not be exactly comparable to our 52-week fiscal years and our 13-week fiscal quarters. Our fiscal years for 2025, 2024 and 2023 included 52 weeks, 53 weeks and 52 weeks, respectively. Our fiscal year for 2026 will include 52 weeks. We are a global technology leader, helping to bring intelligent computing everywhere through the development and commercialization of foundational technologies, including on-device artificial intelligence (AI), high-performance and low-power computing and advanced wireless connectivity.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 44.9B | 44.3B | 39.0B | 35.8B | 44.2B | 33.6B |
| Net Income | 5.4B | 5.5B | 10.1B | 7.2B | 12.9B | 9.0B |
| EPS | $4.96 | $5.01 | $8.97 | $6.42 | $11.37 | $7.87 |
| Free Cash Flow | 12.9B | 12.8B | 11.2B | 9.8B | 6.8B | 8.6B |
| ROIC | 19.9% | 27.0% | 34.0% | 28.9% | 47.3% | 56.2% |
| Gross Margin | 55.1% | 55.4% | 56.2% | 55.7% | 57.8% | 57.5% |
| Debt/Equity | 0.64 | 0.70 | 0.61 | 0.76 | 0.97 | 1.79 |
| Dividends/Share | $3.57 | $3.48 | $3.30 | $3.10 | $2.86 | $2.66 |
| Operating Income | 12.2B | 12.4B | 10.1B | 7.8B | 15.9B | 9.8B |
| Operating Margin | 27.1% | 27.9% | 25.8% | 21.7% | 35.9% | 29.2% |
| ROE | 23.3% | 23.3% | 38.6% | 33.5% | 71.8% | 90.9% |
| Shares Outstanding | 1,067M | 1,106M | 1,131M | 1,126M | 1,138M | 1,149M |
QUALCOMM INC/DE passes 7 of 9 quality checks, indicating strong fundamentals.
QUALCOMM INC/DE trades at 26.5x trailing earnings, compared to its 15-year median P/E of 18.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 10.8x vs a median of 15.1x. The company's 5-year average ROIC is 38.7% with a gross margin of 56.5%. Total shareholder yield (dividends + buybacks) is 9.6%. At current prices, the estimated annualized return to fair value is +21.0%.
QUALCOMM INC/DE (QCOM) has a current P/E ratio of 26.5, compared to its historical median P/E of 18.5. The stock is currently considered Expensive based on its historical valuation range.
QUALCOMM INC/DE (QCOM) has a 5-year average return on invested capital (ROIC) of 38.7%. This indicates strong capital allocation and a potential competitive advantage.
QUALCOMM INC/DE (QCOM) has a market capitalization of $140.0B. It is classified as a large-cap stock.
Yes, QUALCOMM INC/DE (QCOM) pays a dividend with a trailing twelve-month yield of 2.72%. The company also returns capital through share buybacks, with a buyback yield of 6.92%.
Based on historical P/E analysis, QUALCOMM INC/DE (QCOM) appears expensive. The current P/E of 26.5 is 43% above its historical median of 18.5. The estimated fair value CAGR (P/E method) is 16.7%.
QUALCOMM INC/DE (QCOM) operates in the Radio & Tv Broadcasting & Communications Equipment industry, within the Industrials sector.
QUALCOMM INC/DE (QCOM) reported annual revenue of $44.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
QUALCOMM INC/DE (QCOM) has a net profit margin of 12.5%. This is a healthy margin.
QUALCOMM INC/DE (QCOM) generated $12.8 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
QUALCOMM INC/DE (QCOM) has a debt-to-equity ratio of 0.70. This indicates moderate leverage.
QUALCOMM INC/DE (QCOM) reported earnings per share (EPS) of $5.01 in its most recent fiscal year.
QUALCOMM INC/DE (QCOM) has a return on equity (ROE) of 23.3%. This indicates the company generates strong returns for shareholders.
QUALCOMM INC/DE (QCOM) has a 5-year average gross margin of 56.5%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 19 years of financial data for QUALCOMM INC/DE (QCOM), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
QUALCOMM INC/DE (QCOM) has a book value per share of $19.17, based on its most recent annual SEC filing.
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