QCOM · Full Picture

QUALCOMM INC/DE — the full picture

Earnings window · 2026-07-29 to 2026-11-09 · anchored on the 10-K report

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Supply Chain and Inventory · Supply chain & operationsPriority 93
    -26.0% liability; 4 sources (news, press_release, sec_filing, transcript); 1 forward row(s); structured_verified
    QUALCOMM INC/DE's purchase obligations totaled $18.6 billion at September 27, 2026, primarily related to integrated circuit product supplier commitments including multi-year capacity commitments; $13.8 billion was expected to be paid in the next 12 months.
  2. Revenue Performance and Mix · Revenue growth & mixPriority 91
    +95.9% net_income (realized); 4 sources (news, press_release, sec_filing, transcript); 5 forward row(s); structured_verified
    The most recent consensus estimate projected Qualcomm revenue of $10.14 billion for the upcoming quarter, reflecting a 10.04% fall from the equivalent quarter last year.
  3. Automotive Revenue Expansion · Capacity & footprint expansionPriority 89
    +8.5% revenue; 3 sources (news, sec_filing, transcript); 2 forward row(s); structured_verified
    QCT automotive revenues for the three months ended June 28, 2026 were $1,588 million compared to $4,015 million in the year ago quarter.
  4. Income Tax Rate Changes · TaxPriority 85
    +63.9% net_income (realized); 2 sources (press_release, sec_filing); 1 forward row(s); structured_verified
    In the second quarter of fiscal 2026 we released our valuation allowance on our federal deferred tax assets resulting in a $5.7 billion income tax benefit.
  5. Customer Dynamics · Customers & concentrationPriority 81
    +10.4% revenue; 3 sources (news, press_release, transcript); 4 forward row(s); quote_verified
    Amazon's new agreement ties warrant vesting to binding purchase orders and up to $60 billion in purchases through 2036.
  6. Data Center Revenue Outlook · Guidance & outlookPriority 81
    4 sources (news, press_release, sec_filing, transcript); 5 forward row(s); quote_verified
    Qualcomm expects data center revenue to reach $5 billion in fiscal 2027.
  7. Capital Return Program · Buybacks & dividendsPriority 80
    -27.4% cash; 3 sources (press_release, sec_filing, transcript); 1 forward row(s); quote_verified
    Net cash used by financing activities for nine months ended June 28, 2026: $(10,046) million
  8. AI Infrastructure Partnership · UnclassifiedPriority 78
    +90.5% revenue; 5 forward row(s); quote_verified
    Qualcomm targets $15B in data center revenue by FY29.
  9. Guidance / Outlook · Guidance & outlookPriority 78
    3 sources (news, press_release, transcript); 13 forward row(s); quote_verified
    Qualcomm expects total non-handset revenues to grow to $40 billion by fiscal 2029
  10. AI Infrastructure Partnership · Partnerships & JVsPriority 76
    +191.0% revenue; 6 forward row(s); quote_verified
    The collaboration gives Amazon the option to acquire up to $4 billion in Qualcomm shares.
  11. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 76
    -3.4% cash; 4 sources (news, press_release, sec_filing, transcript); 10 forward row(s); quote_verified
    In connection with the acquisition of Alphawave, we agreed to restrict approximately $2.3 billion of cash to be held for purposes of satisfying payment of the consideration to effect the acquisition.
  12. Segment Profitability · Operating income & profitabilityPriority 75
    +41.0% net_income (realized); 2 sources (press_release, transcript); quote_verified
    Net income for nine months ended June 28, 2026: $12,377 million (compared with $8,658 million for nine months ended June 29, 2025)

Threads by pillar

Revenue & Demand Priority 96 · 7 threads

Costs & Margins Priority 97 · 7 threads

Capital & Balance Sheet Priority 94 · 5 threads

Strategy & Portfolio Priority 95 · 14 threads

Legal, Regulatory & Policy Priority 64 · 5 threads

Guidance & Outlook Priority 84 · 2 threads

Macro & Market Conditions Priority 75 · 4 threads

Management & Governance Priority 22 · 1 thread

Unclassified Priority 94 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
revenue+300.5%+300.5%-19.8%
cash-24.7%+42.5%-13.9%
liability-23.2%+28.8%-5.7%
operating_income——-10.9%
assets——-7.3%
margin——-8.0%
net_income——+209.4%