QCOM · 10-K · 2026A · Full report

Trade Policy and Tariffs

QUALCOMM INC/DE · 2026-11-04 · Importance 17 · Surprise 24

Qualcomm is monitoring global trade policy, including tariffs and related trade actions announced by the U.S., China and other countries. The filing provides no quantified tariff impact, but says policy changes may affect demand, pricing and costs for its products and technologies. It also warns that uncertainty in customer-demand estimates could result in excess or obsolete inventory or reserve charges, negatively affecting results of operations and cash flows. Qualcomm states that a significant portion of its business is concentrated in China and that U.S./China trade relations or national-security protection policies may negatively affect its business, growth prospects and results.

Key facts

• QUALCOMM INC/DE monitors global trade policy, including tariffs and related trade actions announced by the U.S., China and other countries; changes may negatively affect demand, pricing and cost and increase inventory obsolescence or reserve charges, harming results and cash flows. source
• QUALCOMM INC/DE states that a significant portion of its business is concentrated in China and that U.S.-China trade relations or national security protection policies may negatively affect its business, growth prospects and results. source