QCOM · 10-Q · 2026Q2

QUALCOMM INC/DE

Filed 2026-07-29 · Technology · View original filing on EDGAR

Ranked Events

• Balance Sheet and LiquidityImportance 76 · Surprise 56
  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…
• Market Demand TrendsImportance 71 · Surprise 48
  QCT handset revenue declined by $1.242 billion year over year in the third quarter and by $1.897 billion in the first nine months of fiscal 2026. Several major handset OEMs reduced chipset shipments and adjusted build…
• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  Qualcomm acquired Alphawave in the first quarter of fiscal 2026, adding $88 million of third-quarter Data Center equipment and services revenue and $182 million for the first nine months. Qualcomm paid $1.6 billion in…
• Automotive Market ExpansionImportance 70 · Surprise 56
  QCT automotive revenue increased by $477 million in the third quarter and by $2.904 billion in the first nine months of fiscal 2026. Growth reflected higher revenue per unit from favorable product mix and higher…
• Competition and Market ShareImportance 64 · Surprise 42
  Qualcomm expects continued intense competition, including vertical integration by major customers such as Apple and Samsung. Apple already uses its own modem in certain smartphones instead of Qualcomm products, and…
• Capital AllocationImportance 50 · Surprise 24
  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…
• Revenue Performance and MixImportance 49 · Surprise 32
  Third-quarter fiscal 2026 revenue was $9.947 billion, down $418 million, or 4%, from $10.365 billion in the year-ago quarter. QCT revenue declined $489 million, or 5%, to $8.504 billion, while QTL licensing revenue…
• Export Controls / Regulatory RiskImportance 44 · Surprise 42
  Qualcomm continues to monitor global trade policy, including tariffs and related trade actions announced by the United States, China and other countries. Management states that future tariffs and related actions could…
• Income Tax Rate ChangesImportance 44 · Surprise 60
  The U.S. One Big Beautiful Bill Act (OBBB), enacted in the fourth quarter of fiscal 2025, changed the foreign-derived deduction eligible income regime and allowed domestic R&D expenditures to be deducted as incurred…
• Supply Chain and InventoryImportance 40 · Surprise 42
  The semiconductor industry is experiencing broad-based input-cost increases and capacity constraints spanning wafer fabrication, assembly, test, advanced packaging, memory and other materials. Qualcomm is seeing higher…
• AI Product DevelopmentImportance 31 · Surprise 42
  Qualcomm expects on-device AI and high-performance, low-power computing combined with cellular technologies such as 5G to drive adoption beyond mobile handsets. The company is targeting expansion into automotive and…
• Operating Expense TrendsImportance 19 · Surprise 6
  Third-quarter R&D expense increased $381 million, including $244 million of higher wireless and integrated-circuit development costs and $101 million of higher share-based compensation. First-nine-month R&D expense…
• Gross Margin DriversImportance 19 · Surprise 6
  Consolidated gross margin percentage decreased in both the third quarter and first nine months of fiscal 2026 compared with the corresponding 2025 periods. The decline was primarily attributable to lower QCT gross…
• Products and TechnologyImportance 10 · Surprise 6
  QCT products include Snapdragon and Dragonwing platforms containing processors and modems, stand-alone Mobile Data Modems, radio-frequency transceivers, power-management and wireless-connectivity chipsets, and 4G, 5G…

Revenue by Product (in millions)