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QUALCOMM Incorporated

QCOM Technology Semiconductors

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%
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

QUALCOMM Incorporated (QCOM) Piotroski F-score

Alert me on Piotroski F-score

QUALCOMM Incorporated's Piotroski F-score for fiscal 2025 is 6 out of 9: 6 of nine tests of profitability, leverage and efficiency passed, down from 9 in fiscal 2024.

Piotroski F-score, annual

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Annual newest first

Period Piotroski F-score Change (points)
FY2025 6 (3.00)
FY2024 9 3.00
FY2023 6 (2.00)
FY2022 8 1.00
FY2021 7 1.00
FY2020 6 (2.00)
FY2019 8 3.00
FY2018 5 0.00
FY2017 5 —

How fiscal 2025’s score is made up

Test This year Year before Result Points
Positive return on assets 10.52% 19.10% Pass 1
Positive operating cash flow 14.01b 12.20b Pass 1
Rising return on assets 10.52% 19.10% Fail 0
Cash flow above net income 8.47b 2.06b Pass 1
Falling long-term leverage 0.28 0.25 Fail 0
Rising current ratio 2.82 2.40 Pass 1
No new shares issued 1,096,000,000 1,116,000,000 Pass 1
Rising gross margin 55.43% 56.21% Fail 0
Rising asset turnover 0.84 0.73 Pass 1
Piotroski F-score Mixed 6

How the Piotroski F-score works

One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.

Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:

7–9Strong — most fundamentals improved
4–6Mixed
0–3Weak — most fundamentals deteriorated

Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.

Piotroski F-score against peers

Company Piotroski F-score
ADI Analog Devices, Inc. compare 8
MRVL Marvell Technology, Inc. compare 8
ARM ARM Holdings PLC Sponsored ADR compare 7
TXN Texas Instruments Incorporated compare 7
INTC Intel Corporation compare 6
QCOM QUALCOMM Incorporated 6
MPWR Monolithic Power Systems, Inc. compare 6
ASX ASE Technology Holding Co., Ltd. compare 6
NXPI NXP Semiconductors N.V. compare 4

What Piotroski F-score is

The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.

One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover

The full definition of Piotroski F-score →

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