Stock research

QUALCOMM Incorporated (QCOM) Stock Research

Qualcomm designs the mobile chipsets and wireless-modem technology that power much of the smartphone industry, and it licenses a deep patent portfolio.

For the fiscal year ended September 28, 2025, QUALCOMM Incorporated reported revenue of $44.3B and net income of $5.5B, with operating cash flow of $14.0B. Source: Form 10-K filed November 5, 2025

SEC data as of

Revenue
$44.3B
FY ending 2025-09-28
Net income
$5.5B
FY ending 2025-09-28
Diluted EPS
$5.01
Net margin
12.5%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About QUALCOMM

It is broadening into automotive, PCs, and on-device AI.

Exchange
NASDAQ: QCOM
Sector
Information Technology
SEC industry
Radio & Tv Broadcasting & Communications Equipment (SIC 3663)
Fiscal year end
September 27
Headquarters
San Diego, California
Founded
1985

QCOM key financials

Reported figures from QUALCOMM Incorporated's filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$44.3B2024-09-30 – 2025-09-28SEC filing
Net income$5.5B2024-09-30 – 2025-09-28SEC filing
Operating cash flow$14.0B2024-09-30 – 2025-09-28SEC filing
Diluted EPS$5.012024-09-30 – 2025-09-28SEC filing
Net margin12.5%2024-09-30 – 2025-09-28SEC filing
Shares outstanding1.07BAs of 2026-02-02SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in QCOM

QUALCOMM Incorporated sits in Information Technology. Semiconductors, software, and hardware — the companies building the digital and AI infrastructure the rest of the economy runs on. We have not yet written company-specific drivers for QCOM; the forces that matter most for the sector are:

  • ◆The AI capital-expenditure cycle
  • ◆Interest rates and the cost of long-duration growth
  • ◆Enterprise IT budgets and cloud migration
  • ◆Export controls and the US–China chip race

Key questions for the QCOM thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does QCOM's reported profit turn into cash?

Operating cash flow was $14.0B, 2.53 times net income of $5.5B, for the fiscal year ended September 28, 2025.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed November 5, 2025

How much of QCOM's revenue is left as profit?

Net income was 12.5% of revenue for the fiscal year ended September 28, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed November 5, 2025

When does QUALCOMM Incorporated's fiscal year end?

The SEC lists QUALCOMM Incorporated's fiscal year end as September 27, not December 31. The latest annual figures here run from September 30, 2024 to September 28, 2025. Its reporting year ends on a nearby date rather than a fixed calendar day.

Annual results cover a different 12 months from calendar-year peers. Align periods before comparing growth or margins across companies.

Form 10-K filed November 5, 2025

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Congressional trading in QCOM

PoliticianTrade dateTypeOwnerAmountSource
Maria Salazar2026-08-19SaleSelf$1,001 - $15,000Filing #20035411
Maria Salazar2026-08-12SaleSelf$1,001 - $15,000Filing #20035411
Maria Salazar2026-05-13PurchaseSelf$15,001 - $50,000Filing #20034709
Maria Salazar2026-05-13PurchaseSelf$1,001 - $15,000Filing #20034709
Sara Jacobs2026-05-07SaleSelf$500,001 - $1,000,000Filing #20034498
Sara Jacobs2026-05-06SaleSelf$500,001 - $1,000,000Filing #20034498
Jared Moskowitz2026-03-31SaleSelf$15,001 - $50,000Filing #20034274
Alan Armstrong2026-03-27PurchaseSelf$1,001 - $15,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
Valerie Hoyle2025-09-23SaleSpouse$1,001 - $15,000Filing #20032211
Cleo Fields2025-09-10PurchaseSelf$15,001 - $50,000Filing #20032106

All verified QCOM congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

QCOM — frequently asked questions

What does QUALCOMM Incorporated do?

Qualcomm designs the mobile chipsets and wireless-modem technology that power much of the smartphone industry, and it licenses a deep patent portfolio.

What were QCOM's latest reported annual revenue and net income?

For the fiscal year ended September 28, 2025, QUALCOMM Incorporated reported revenue of $44.3B and net income of $5.5B, with operating cash flow of $14.0B. The figures come from QUALCOMM Incorporated's SEC XBRL filings.

When does QUALCOMM Incorporated's fiscal year end?

The SEC lists QUALCOMM Incorporated's fiscal year end as September 27.

Do members of Congress trade QCOM?

The current verified House and Senate snapshot contains 23 transaction rows for QCOM, each linked to the original filing.

Where is QUALCOMM Incorporated headquartered?

QUALCOMM Incorporated is headquartered in San Diego, California and was founded in 1985.

Is QCOM a good investment?

This page does not rate QCOM as a buy or sell. It sets out what QUALCOMM Incorporated reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the QCOM numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

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