QCOM · 10-K · 2026A

QUALCOMM INC/DE

Filed 2026-11-04 · Technology · View original filing on EDGAR

Ranked Events

• Capital Expenditures and Cash FlowImportance 83 · Surprise 82
  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…
• U.S. Tax Law ChangesImportance 65 · Surprise 60
  The One Big Beautiful Bill Act (OBBB), enacted in the United States in the fourth quarter of fiscal 2025, changed the foreign-derived deduction eligible income (FDDEI) regime and allowed domestic research and…
• Income Tax Rate ChangesImportance 65 · Surprise 60
  Qualcomm recorded a $5.7 billion income tax benefit in the second quarter of fiscal 2026 after releasing its federal deferred tax asset valuation allowance. The release followed Treasury and IRS Notice 2026-07, which…
• Automotive Revenue ExpansionImportance 63 · Surprise 64
  QCT automotive revenue increased $2.047 billion to $6.004 billion in fiscal 2026. The increase reflected $1.3 billion in higher revenue per unit, driven by favorable mix and higher average selling prices, and $712…
• Handset Market Demand TrendsImportance 60 · Surprise 40
  QCT handset revenue fell $3.721 billion year over year to $24.072 billion, primarily because chipset shipments to certain major OEMs declined. Customers adjusted build plans to reduce inventory amid memory supply…
• Capital Return ProgramImportance 60 · Surprise 40
  Qualcomm repurchased $7.817 billion of common stock in fiscal 2026 at an average price of $161.96 per share, compared with $8.791 billion in fiscal 2025. It paid $3.854 billion in dividends in fiscal 2026, or $3.62 per…
• Acquisition / Partnership / DivestitureImportance 59 · Surprise 60
  Qualcomm acquired Alphawave IP Group plc in the first quarter of fiscal 2026, with approximately $2.3 billion of cash restricted to pay the acquisition consideration. The acquisition contributed to a $235 million…
• Competition and Market ShareImportance 58 · Surprise 42
  Qualcomm expects continued intense competition, including from vertical integration by major customers Apple and Samsung. Apple already uses its internally developed modem in certain smartphones, and Qualcomm expects…
• Balance Sheet and LiquidityImportance 58 · Surprise 56
  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…
• Apple Customer ExposureImportance 44 · Surprise 24
  Qualcomm expects continued intense competition, including vertical integration by Apple and Samsung. Apple already uses its internally developed modem in certain smartphones, and Qualcomm expects Apple to primarily use…
• Operating Expense TrendsImportance 42 · Surprise 40
  Research and development expense rose $1.165 billion, or about 13%, to $10.207 billion in fiscal 2026 from $9.042 billion in fiscal 2025. The increase included $701 million of higher costs for connectivity and…
• Data Center Revenue OutlookImportance 40 · Surprise 42
  Qualcomm reported $235 million in higher Data Center equipment and services revenue, primarily driven by its acquisition of Alphawave in the first quarter of fiscal 2026. It expects Data Center revenue growth beginning…
• Supply Chain ConstraintsImportance 38 · Surprise 24
  Qualcomm described broad semiconductor input-cost increases and capacity constraints across wafer fabrication, assembly, test, advanced packaging, memory and other materials, partly associated with demand for…
• Revenue Performance and MixImportance 31 · Surprise 32
  Fiscal 2026 revenue was $43.120 billion, down 3% ($1.164 billion) from $44.284 billion in fiscal 2025; equipment and services revenue fell $974 million to $36.895 billion, while licensing revenue declined $190 million…
• Gross Margin DriversImportance 25 · Surprise 32
  Gross margin percentage decreased in fiscal 2026 primarily because QCT gross margin percentage declined. QCT’s lower gross margin was primarily driven by higher product cost, partially offset by higher average selling…
• Trade Policy and TariffsImportance 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…

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