QCOM · 10-Q · 2026Q2 · Full report
Balance Sheet and Liquidity
QUALCOMM INC/DE · 2026-07-29 · Importance 76 · Surprise 56 · In source text
Cash, cash equivalents and marketable securities, including restricted cash, declined $4.174 billion to $8.304 billion at June 28, 2026, from $12.478 billion at September 28, 2025. Debt increased to $15.270 billion from $14.811 billion, including $2.0 billion maturing in May 2027 and $498 million of commercial paper. Operating cash flow declined $1.611 billion to $8.405 billion in the first nine months, while investing cash outflow increased to $1.648 billion. The credit facility was undrawn at June 28, 2026, and Qualcomm stated that available liquidity, operating cash flow and financing activities should satisfy requirements for at least the next 12 months.
Key facts
- We had $2.3 billion of restricted cash related to Alphawave which reduced from $2,323 million at September 28, 2025 to $0 at June 28, 2026 (a $2,323 million decrease). source
- Of the issued debt at June 28, 2026, $2.0 billion was classified as current and maturing in May 2027, and $498 million of outstanding commercial paper was reported as short-term debt. source
- Total cash, cash equivalents and marketable securities (including restricted cash) were $8,304 million at June 28, 2026 compared to $12,478 million at September 28, 2025, a decrease of $4,174 million. source
- Cash and cash equivalents at June 28, 2026 were $4,533 million compared to $5,520 million at September 28, 2025, a decrease of $987 million. source
- Marketable securities at June 28, 2026 were $3,771 million compared to $4,635 million at September 28, 2025, a decrease of $864 million. source
- Net cash provided by operating activities for the nine months ended June 28, 2026 was $8,405 million compared to $10,016 million in the prior year period, a decrease of $1,611 million. source
- We received $495 million in net proceeds of commercial paper during the first nine months of fiscal 2026. source
- Debt as of June 28, 2026 was $15,270 million compared to $14,811 million at September 28, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | negative | realized | -7.3% | Total cash, cash equivalents and marketable securities (including restricted cash) were $8,304 million at June 28, 2026 compared to… |
| liability | negative | realized | -3.5% | Of the issued debt at June 28, 2026, $2.0 billion was classified as current and maturing in May 2027, and $498 million of outstanding… |
| cash | negative | realized | -2.8% | Net cash provided by operating activities for the nine months ended June 28, 2026 was $8,405 million compared to $10,016 million in the… |
| liability | negative | realized | -0.9% | Of the issued debt at June 28, 2026, $2.0 billion was classified as current and maturing in May 2027, and $498 million of outstanding… |
| liability | negative | realized | -0.8% | Debt as of June 28, 2026 was $15,270 million compared to $14,811 million at September 28, 2025. |