QCOM · 10-K · 2026A · Full report
Capital Expenditures and Cash Flow
QUALCOMM INC/DE · 2026-11-04 · Importance 83 · Surprise 82 · In source text
Cash outflows for capital expenditures were $2.5 billion in fiscal 2026, compared with $1.2 billion in fiscal 2025, an increase of more than 100%. The spending primarily supported engineering infrastructure and integrated-circuit testing. Qualcomm expects capital expenditures to increase from fiscal 2026 levels in the near term for those purposes. Fiscal 2026 operating cash flow was $11.145 billion, down from $14.012 billion in fiscal 2025, partly as net changes in operating assets and liabilities reflected higher inventory to secure supply and mitigate disruptions.
Key facts
- QUALCOMM INC/DE's capital expenditure cash outflows were $2.5 billion in fiscal 2026 and $1.2 billion in fiscal 2025; it expects near-term capital expenditures to increase from fiscal 2026 levels, primarily to support engineering infrastructure and integrated-circuit testing. source
- QUALCOMM INC/DE generated $11.145 billion of net cash from operating activities in fiscal 2026, compared with $14.012 billion in fiscal 2025. source
- QUALCOMM INC/DE used $2.039 billion of net cash in investing activities in fiscal 2026, compared with $800 million in fiscal 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -4.7% | QUALCOMM INC/DE generated $11.145 billion of net cash from operating activities in fiscal 2026, compared with $14.012 billion in fiscal… |
| cash | negative | realized | -2.0% | QUALCOMM INC/DE used $2.039 billion of net cash in investing activities in fiscal 2026, compared with $800 million in fiscal 2025. |
| cash | negative | probable | — | QUALCOMM INC/DE's capital expenditure cash outflows were $2.5 billion in fiscal 2026 and $1.2 billion in fiscal 2025; it expects near-term… |