QCOM · 10-K · 2026A · Full report
Balance Sheet and Liquidity
QUALCOMM INC/DE · 2026-11-04 · Importance 58 · Surprise 56 · In source text
Cash, cash equivalents and marketable securities, including restricted cash, totaled $7.681 billion at September 27, 2026, down $4.797 billion from $12.478 billion a year earlier. Debt was $15.112 billion, including $15.1 billion of principal fixed-rate notes, of which $2.0 billion matures in 2027; $499 million of commercial paper was outstanding and the $4.0 billion revolving credit facility was undrawn. Operating cash flow decreased $2.867 billion to $11.145 billion, while investing cash outflows were $2.039 billion and financing cash outflows were $12.295 billion. The cash decrease primarily reflected $7.8 billion of share repurchases, $3.9 billion of dividends, $2.5 billion of capital expenditures and $1.6 billion of acquisition and other investment payments.
Key facts
- QUALCOMM INC/DE had $15.1 billion of principal fixed-rate notes outstanding at September 27, 2026, of which $2.0 billion matures in 2027; remaining debt matures from 2028 through 2053. source
- QUALCOMM INC/DE had $7.681 billion of cash, cash equivalents and marketable securities, including restricted cash, at September 27, 2026, down $4.797 billion from September 28, 2025. source
- QUALCOMM INC/DE had $15.112 billion of debt at September 27, 2026. source
- QUALCOMM INC/DE's $4.0 billion Revolving Credit Facility expires August 8, 2029, and had no amounts outstanding at September 27, 2026. source
- QUALCOMM INC/DE's future operating lease payments totaled $1.1 billion at September 27, 2026, with $162 million expected within the next 12 months. source
- QUALCOMM INC/DE's principal liquidity sources are cash, cash equivalents and marketable securities, operating cash flow, and debt programs; it expects these to satisfy working and other capital requirements for at least the next 12 months under current business plans. source
- QUALCOMM INC/DE expects to issue new debt in the future; amount and timing depend on existing debt maturities, acquisitions and strategic investments, capital needs, interest rates, and changes in corporate income tax law. source
- QUALCOMM INC/DE's unsecured commercial paper program permits up to $4.5 billion in issuance; $499 million was outstanding at September 27, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -7.9% | QUALCOMM INC/DE had $7.681 billion of cash, cash equivalents and marketable securities, including restricted cash, at September 27, 2026,… |
| cash | negative | committed | -2.8% | QUALCOMM INC/DE had $15.1 billion of principal fixed-rate notes outstanding at September 27, 2026, of which $2.0 billion matures in 2027;… |
| liability | positive | committed | +2.8% | QUALCOMM INC/DE had $15.1 billion of principal fixed-rate notes outstanding at September 27, 2026, of which $2.0 billion matures in 2027;… |