Friday 23 October 2026 Export QCOM’s income statement to Excel — free account

QUALCOMM Incorporated

QUALCOMM Incorporated’s revenue for fiscal 2025 (year ended September 2025) was $44.3 billion, up 13.7% from fiscal 2024. In the quarter to June 2026, revenue fell 4.03%, EPS fell 22.5%, free cash flow fell 80.8% and total debt rose 3.26%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for ten consecutive years, revenue growth for three, operating cash flow growth for three.

173.04 4.92 −2.76%

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Market cap: $184.6B
P/E: 19.8×
Fwd P/E: 13.8×
Dividend yield: 2.09%
F-score: 6/9
Altman Z: 6.45
Beneish M: −3.26
Dividend safety: 69/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Receivables outpacing revenue Jul 29, 2026

All filings →

Insider Decisions trades per month

Total sells 21.62

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	4	4	1	2	2	3	5	1	1	4	3	3

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 184,550.00

Revenue 44,069.00

Net Income 9,260.00

Free Cash Flow 10,430.00

Net Debt 6,966.00

Current Ratio 2.02

Debt/Equity 0.55

P/E ratio 19.82

Fwd P/E 13.80

P/S ratio 4.15

P/B ratio 6.61

Past 5Y EPS Growth 2.08%

This Y EPS Growth (12.41%)

Next Y EPS Growth (3.96%)

Next Y revenue growth (3.20%)

Next 5Y EPS Growth 2.58%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 53.75%

10-year low 10-year high

P/S against its own 10 years 55.65%

10-year low 10-year high

P/B against its own 10 years 38.98%

10-year low 10-year high

EV/Sales against its own 10 years 62.90%

10-year low 10-year high

EV/FCF against its own 10 years 66.43%

10-year low 10-year high

Dividends

Payout Ratio 0.42

Annual Dividend Rate 3.62

Annual Dividend Yield 2.09%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	3.62	0.89 0.92 0.92
2025	3.52	0.85 0.89 0.89 0.89
2024	3.35	0.80 0.85 0.85 0.85
2023	3.15	0.75 0.80 0.80 0.80
2022	2.93	0.68 0.75 0.75 0.75
2021	2.72	0.68 0.68 0.68 0.68
2020	2.57	0.62 0.65 0.65 0.65
2019	2.48	0.62 0.62 0.62 0.62
2018	2.43	0.57 0.62 0.62 0.62
2017	2.24	0.53 0.57 0.57 0.57
2016	2.07	0.48 0.53 0.53 0.53

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	11,324	13,300	12,478	8,304
Receivables	3,183	3,929	4,315	4,668
Inventory	6,422	6,423	6,526	8,379
Other	1,535	1,579	2,435	1,653
	22,464	25,231	25,754	23,004

	2023	2024	2025	Q'26
Payables	1,912	2,584	2,791	2,897
ST’ Debt	914	1,364	—	2,489
Other	4,824	4,425	4,156	4,277
	9,628	10,504	9,144	11,413

Compound Annual Growth %

	10y	5y	3y
Sales	5.77%	13.48%	0.06%
Cash Flow	9.79%	19.24%	15.49%
Earnings	0.50%	1.29%	(24.62%)
Book Value	(3.85%)	28.40%	5.59%

Revenue $m

	Dec	Mar	Jun	Sep	Year
’26	12,252	10,599	9,947	—	—
’25	11,669	10,979	10,365	11,271	44,284
’24	9,935	9,389	9,393	10,245	38,962
’23	9,463	9,275	8,451	8,631	35,820
’22	10,705	11,164	10,936	11,395	44,200
’21	8,235	7,935	8,060	9,336	33,566
’20	5,077	5,216	4,893	8,345	23,531

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	4,965	2,449	991	—	—
’25	4,587	2,554	2,875	3,996	14,012
’24	2,949	3,554	3,052	2,647	12,202
’23	3,095	1,457	2,657	4,090	11,299
’22	2,057	2,698	2,895	1,446	9,096
’21	3,175	2,911	3,373	1,077	10,536
’20	1,118	1,083	1,872	1,741	5,814

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	4,416	1,916	495	—	—
’25	4,310	2,340	2,581	3,603	12,834
’24	2,735	3,370	2,665	2,401	11,171
’23	2,808	1,014	2,351	3,803	9,976
’22	1,474	2,207	2,341	817	6,839
’21	2,706	2,428	2,867	650	8,651
’20	822	738	1,454	1,393	4,407

Fiscal quarters ending in the months shown.

EPS $

	Dec	Mar	Jun	Sep	Year
’26	2.78	6.88	1.87	—	—
’25	2.83	2.52	2.43	(2.89)	5.01
’24	2.46	2.06	1.88	2.59	8.97
’23	1.98	1.52	1.60	1.32	6.42
’22	2.98	2.57	3.29	2.54	11.37
’21	2.12	1.53	1.77	2.45	7.87
’20	0.80	0.41	0.74	2.58	4.52

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	Trend	10 yrs	2026e	2027e	2028e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Price, $
Price, $	Low	42.24	48.92	48.56	49.10	58.00	122.17	101.93	101.47	134.94	120.80		+12.4%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	High	71.62	69.28	76.50	94.11	161.07	192.68	193.58	146.89	230.63	205.95		+12.5%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
People
People	Employees	30,500	33,800	35,400	37,000	41,000	45,000	51,000	50,000	49,000	52,000		+6.1%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
	Revenue/emp, $m	0.77	0.66	0.64	0.66	0.57	0.75	0.87	0.72	0.80	0.85		+1.1%	‡‡‡‡	‡‡‡‡	‡‡‡‡	‡‡‡‡
Income, $m
Income, $m	Revenue	23,554	22,258	22,611	24,273	23,531	33,566	44,200	35,820	38,962	44,284		+7.3%	42,869	44,874	51,779	+5.4%
	Gross margin, %	58.61	56.01	54.69	64.57	60.67	57.51	57.84	55.70	56.21	55.43		(3.2) pt	Powerpack QUALCOMM Incorporated’s next three years, line by line Analysts expect revenue to grow 5.4% a year to 2028 — slower than the 7.3% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	6,833	2,987	392	7,481	5,719	10,274	14,998	7,443	10,336	12,663		+7.1%
	EBT margin, %	29.01	13.42	1.73	30.82	24.30	30.61	33.93	20.78	26.53	28.59		(0.4) pt
	Net income	5,702	2,444	(4,964)	4,386	5,198	9,043	12,986	7,339	10,110	5,541		(0.3%)
	Depreciation	1,535	1,537	1,834	1,604	1,393	1,587	1,764	1,991	1,713	1,619		+0.6%
Per share, $
Per share, $	Revenue	15.87	15.07	15.46	20.06	20.73	29.68	39.36	32.07	34.91	40.41		+10.9%
	Earnings	3.81	1.67	(3.32)	3.63	4.58	7.99	11.52	6.47	9.09	5.05		+3.2%
	Cash flow	5.14	3.39	2.67	6.02	5.12	9.32	8.10	10.12	10.93	12.78		+10.6%
	Capex	(0.36)	(0.47)	5.74	(0.57)	(1.24)	(1.67)	(2.01)	(1.18)	(0.92)	(1.07)		+12.8%
	Free cash flow	4.78	2.92	8.42	5.45	3.88	7.65	6.09	8.93	10.01	11.71		+10.5%
	Book value	21.41	20.82	0.55	4.06	5.35	8.80	16.04	19.32	23.54	19.35		(1.1%)
	Shares, m	1,484	1,477	1,463	1,210	1,135	1,131	1,123	1,117	1,116	1,096		(3.3%)
Valuation, ×
Valuation, ×	P/E	17.89	31.07	0.00	21.07	25.64	16.14	9.82	17.17	18.71	33.54		19.1
	P/S	4.32	3.44	4.70	3.80	5.68	4.35	2.87	3.46	4.87	4.12		4.2
	P/B	3.20	2.49	131.62	18.80	21.98	14.66	7.04	5.75	7.22	8.60		22.1
	EV/Sales	4.02	2.75	4.89	3.95	5.87	4.45	3.08	3.58	4.91	4.20		4.2
	EV/FCF	13.36	14.20	8.97	14.55	31.33	17.25	19.88	12.85	17.11	14.50		16.4
Cash, $m
Cash, $m	Operating cash flow	7,632	5,001	3,908	7,286	5,814	10,536	9,096	11,299	12,202	14,012		+7.0%
	Capex	(539)	(690)	8,404	(689)	(1,407)	(1,885)	(2,257)	(1,323)	(1,031)	(1,178)		+9.1%
	Free cash flow	7,093	4,311	12,312	6,597	4,407	8,651	6,839	9,976	11,171	12,834		+6.8%
Balance, $m
Balance, $m	Working capital	15,670	32,686	5,995	7,830	9,847	8,124	8,858	12,836	14,727	16,610		+0.6%
	Total debt	11,757	21,893	16,370	15,933	15,726	15,745	15,482	15,398	14,634	14,811		+2.6%
	Net debt	(6,891)	(15,415)	4,282	3,673	4,512	3,331	9,100	4,074	1,334	2,333		n/m
	Shareholders’ equity	31,768	30,746	807	4,909	6,077	9,950	18,013	21,581	26,274	21,206		(4.4%)
Returns, %
Returns, %	ROA	11.06	4.15	(10.11)	13.36	15.17	23.54	28.67	14.46	19.10	10.52		(0.5) pt
	ROIC	16.32	10.52	7.63	55.84	36.92	46.07	36.56	18.97	22.80	32.80		+16.5 pt
	ROE	18.06	7.82	(31.46)	153.46	94.63	112.85	92.52	36.53	42.39	23.34		+5.3 pt

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 2.22 Actual 2.21

1.98 2.41 2.84 3.27 3.70

Q4 FY25 Beat +0.12

Q1 FY26 Beat +0.11

Q2 FY26 Beat +0.08

Q3 FY26 Miss −0.01

Q4 FY26 — Nov 4

Earnings per share against the consensus, by quarter
Quarter	Estimate	Reported	Result
Q4 FY25	2.88	3.00	Beat by 0.12
Q1 FY26	3.39	3.50	Beat by 0.11
Q2 FY26	2.57	2.65	Beat by 0.08
Q3 FY26	2.22	2.21	Miss by 0.01
Q4 FY26	2.18	—	Reports 4 November 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
INTC Intel Corporation	$491.4B	— (loss-making)	— (loss-making)	+25.42% (above 0%: growing)	n/m	+396.67% (above 0%: growing)	40.36%	11.14%	Compare
TXN Texas Instruments Incorporated	$260.0B	42.1×	32.5×	+22.82% (above 0%: growing)	+51.75% (above 0%: growing)	+300.18% (above 0%: growing)	61.36%	42.28%	Compare
ARM ARM Holdings PLC Sponsored ADR	$242.0B	217×	182×	+22.41% (above 0%: growing)	+108.33% (above 0%: growing)	+305.85% (above 0%: growing)	97.21%	7.06%	Compare
MRVL Marvell Technology, Inc.	$214.6B	72.7×	127×	+36.55% (above 0%: growing)	+47.83% (above 0%: growing)	+14.45% (above 0%: growing)	53.14%	16.78%	Compare
ADI Analog Devices, Inc.	$196.7B	45.9×	— (loss-making)	+39.63% (above 0%: growing)	+162.86% (above 0%: growing)	+34.29% (above 0%: growing)	67.32%	40.10%	Compare
QCOM QUALCOMM Incorporated	$190.0B	19.8×	13.8×	−4.03% (below 0%: shrinking)	−22.54% (below 0%: shrinking)	−80.82% (below 0%: shrinking)	53.05%	16.35%
ASX ASE Technology Holding Co., Ltd.	$93.3B	42.3×	34.9×	+23.62% (above 0%: growing)	+172.73% (above 0%: growing)	−338.02% (below 0%: shrinking)	21.01%	11.06%	Compare
MPWR Monolithic Power Systems, Inc.	$63.1B	71.1×	53.5×	+47.56% (above 0%: growing)	+87.81% (above 0%: growing)	−61.46% (below 0%: shrinking)	55.18%	30.99%	Compare
NXPI NXP Semiconductors N.V.	$61.1B	20.3×	15.6×	+19.48% (above 0%: growing)	+72.73% (above 0%: growing)	+14.42% (above 0%: growing)	57.27%	30.64%	Compare
Median of peers	$205.7B	45.9×	44.2×	+24.52%	+87.81%	+24.37%	56.22%	23.71%

All 68 Semiconductors stocks →