QCOM · 10-Q · 2026Q2 · Full report

Capital Allocation

QUALCOMM INC/DE · 2026-07-29 · Importance 50 · Surprise 24 · In source text

Qualcomm repurchased 42 million shares for $6.8 billion during the first nine months of fiscal 2026, including repurchases offsetting share issuances related to Alphawave. The company paid $2.9 billion of cash dividends and spent $1.6 billion on capital expenditures during the same period. Qualcomm also paid $888 million of tax withholdings related to vested share-based awards. Financing cash outflows were $10.046 billion, while $495 million of commercial-paper proceeds partially offset uses of cash.

Key facts

• Net cash used by investing activities for the nine months ended June 28, 2026 was $1,648 million compared to $329 million in the prior year period, a change of $1,319 million. source
• The net decrease in cash, cash equivalents and marketable securities for the first nine months of fiscal 2026 was primarily due to $6.8 billion in payments to repurchase 42 million shares of our common stock. source
• During the first nine months of fiscal 2026 we paid $2.9 billion in cash dividends. source
• During the first nine months of fiscal 2026 we incurred $1.6 billion in capital expenditures. source
• Net cash used by financing activities for the nine months ended June 28, 2026 was $10,046 million compared to $9,760 million in the prior year period, a change of $286 million. source
• During the first nine months of fiscal 2026 we made $888 million in payments of tax withholdings related to the vesting of share-based awards. source
• We currently intend to continue to use cash dividends as a means of returning capital to stockholders, subject to capital availability and our view that cash dividends are in the best interests of our stockholders. source
• Our stock repurchase program is subject to periodic evaluations and we may accelerate, suspend, delay or discontinue repurchases at any time. source

Impact estimates