What is Qualcomm Inc's earnings per share (EPS)?

Qualcomm Inc (QCOM) reported diluted earnings per share of $5.01 for fiscal year 2025. This represents a -44.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Qualcomm (QCOM) Financials

QCOM NASDAQ

Trailing 12 months to June 28, 2026

Revenue $44.1B +1.9% YoY

Net Income $9.3B -20.0% YoY

EPS (Diluted) $8.75 -15.5% YoY

Free Cash Flow $10.4B -10.4% YoY

Market Cap $191.8B as of Oct 26, 2026

Price / Sales 4.4x on $44.1B revenue, trailing 12 months to June 28, 2026

Price / Earnings 20.7x on $9.3B net income, trailing 12 months to June 28, 2026

Price / Book 6.9x on $27.7B equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 28, 2026 Reported Jul 29, 2026 Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the QCOM SEC filings page.

Qualcomm Inc (QCOM) reported $44.1B in revenue over the twelve months to Jun 28, 2026, up 1.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI QCOM FY2025 2026-10-24

FY2025 revenue and operating profit expanded, but an exceptional tax burden separated cash generation from reported net income.

In FY2025, operating cash flow reached $14.0B while net income was $5.5B, making cash generation far larger than accounting earnings. That 252.9% cash-flow-to-net-income relationship coincided with a $7.1B income-tax expense, so the reported earnings decline was not mirrored in operating cash.

The business shows operating leverage in the recovery from FY2023: FY2025 revenue rose 13.7% and operating income rose 22.7%. That spread lifted operating margin to 27.9%, versus 21.7% in FY2023, indicating costs did not rise as quickly as sales.

Free cash flow reached $12.8B against capital expenditures of $1.2B, so most operating cash remained after capital spending. The current ratio was 2.8x while current liabilities fell 12.9% in FY2025, showing stronger short-term liquidity.

Financial Health Signals

Financial Health Score 77/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Qualcomm Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Qualcomm Inc has an operating margin of 27.9%, meaning the company retains $28 of operating profit per $100 of revenue. This strong profitability earns a score of 86/100, reflecting efficient cost management and pricing power. This is up from 25.9% the prior year.

Growth

Qualcomm Inc's revenue grew 13.7% year-over-year to $44.3B, a solid pace of expansion. This earns a growth score of 68/100.

Leverage

Qualcomm Inc has a moderate D/E ratio of 0.70. This balance of debt and equity financing earns a leverage score of 54/100.

Liquidity

With a current ratio of 2.82, Qualcomm Inc holds $2.82 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 76/100.

Cash Flow

Qualcomm Inc converts 28.9% of revenue into free cash flow ($12.8B). This strong cash generation earns a score of 93/100.

Returns

Qualcomm Inc earns a strong 26.1% return on equity (ROE), meaning it generates $26 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 86/100. This is down from 38.6% the prior year.

Altman Z-Score Safe

6.65

Qualcomm Inc scores 6.65, well above the 2.99 safe threshold. The largest contribution to the score comes from a market capitalization of $191.8B against total liabilities of $28.9B. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

6/9

Qualcomm Inc passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.

Earnings Quality Cash-Backed

2.53x

For every $1 of reported earnings, Qualcomm Inc generates $2.53 in operating cash flow ($14.0B OCF vs $5.5B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

18.61x

Qualcomm Inc earns $18.61 in operating income for every $1 of interest expense ($12.4B vs $664.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$9.9B

YoY-4.0%

QoQ-6.2%

5Y CAGR+4.3%

10Y CAGR+5.1%

Qualcomm Inc generated $9.9B in revenue in Q3 2026. This represents a decrease of 4.0% from the same quarter a year earlier. Against the prior quarter it is down 6.2%.

EBITDA

$2.0B

YoY-36.0%

QoQ-25.7%

5Y CAGR-4.9%

10Y CAGR+0.4%

Qualcomm Inc's EBITDA was $2.0B in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 36.0% from the same quarter a year earlier. Against the prior quarter it is down 25.7%.

Net Income

$2.0B

YoY-24.9%

QoQ-72.8%

5Y CAGR-0.2%

10Y CAGR+3.3%

Qualcomm Inc reported $2.0B in net income in Q3 2026. This represents a decrease of 24.9% from the same quarter a year earlier. Against the prior quarter it is down 72.8%.

EPS (Diluted)

$1.87

YoY-23.0%

QoQ-72.8%

5Y CAGR+1.1%

10Y CAGR+6.8%

Qualcomm Inc earned $1.87 per diluted share (EPS) in Q3 2026. This represents a decrease of 23.0% from the same quarter a year earlier. Against the prior quarter it is down 72.8%.

Cash & Balance Sheet

Free Cash Flow

$495.0M

YoY-80.8%

QoQ-74.2%

5Y CAGR-29.6%

10Y CAGR-11.6%

Qualcomm Inc generated $495.0M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 80.8% from the same quarter a year earlier. Against the prior quarter it is down 74.2%.

Cash & Debt

$4.5B

YoY-16.8%

QoQ-16.6%

5Y CAGR-9.3%

10Y CAGR-2.6%

Qualcomm Inc held $4.5B in cash against $12.8B in long-term debt as of Q3 2026.

Dividends Per Share

$0.92

YoY+3.4%

QoQ+3.4%

5Y CAGR+6.2%

10Y CAGR+5.7%

Qualcomm Inc paid $0.92 per share in dividends in Q3 2026. This represents an increase of 3.4% from the same quarter a year earlier. Against the prior quarter it is up 3.4%.

Shares Outstanding

1.05B

YoY-2.7%

QoQ-0.4%

5Y CAGR-1.4%

10Y CAGR-3.3%

Qualcomm Inc had 1.05B shares outstanding in Q3 2026. This represents a decrease of 2.7% from the same quarter a year earlier. Against the prior quarter it is down 0.4%.

Margins & Returns

Gross Margin

53.0%

YoY-2.5pp

QoQ-0.7pp

5Y change-4.7pp

Qualcomm Inc's gross margin was 53.0% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 2.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.7 percentage points.

Operating Margin

16.4%

YoY-10.3pp

QoQ-5.4pp

5Y change-10.9pp

10Y change-10.0pp

Qualcomm Inc's operating margin was 16.4% in Q3 2026, reflecting core business profitability. This is down 10.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.4 percentage points.

Net Margin

20.1%

YoY-5.6pp

QoQ-49.4pp

5Y change-5.0pp

10Y change-3.8pp

Qualcomm Inc's net profit margin was 20.1% in Q3 2026, showing the share of revenue converted to profit. This is down 5.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 49.4 percentage points.

Return on Equity

7.2%

YoY-2.6pp

QoQ-19.8pp

5Y change-17.5pp

10Y change+2.5pp

Qualcomm Inc's quarterly ROE was 7.2% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 19.8 percentage points.

Capital Allocation

R&D Spending

$2.6B

YoY+17.1%

QoQ+5.8%

5Y CAGR+6.9%

Qualcomm Inc invested $2.6B in research and development in Q3 2026. This represents an increase of 17.1% from the same quarter a year earlier. Against the prior quarter it is up 5.8%.

Share Buybacks

$1.4B

YoY-52.1%

QoQ-51.1%

5Y CAGR+16.7%

10Y CAGR+29.9%

Qualcomm Inc spent $1.4B on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 52.1% from the same quarter a year earlier. Against the prior quarter it is down 51.1%.

Capital Expenditures

$496.0M

YoY+68.7%

QoQ-6.9%

5Y CAGR-0.4%

10Y CAGR+13.8%

Qualcomm Inc invested $496.0M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 68.7% from the same quarter a year earlier. Against the prior quarter it is down 6.9%.

QCOM Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

QCOM quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$44.1B	$44.3B+13.7%	$39.0B+8.8%	$35.8B-19.0%	$44.2B+31.7%	$33.6B+42.6%	$23.5B-3.1%	$24.3B+7.4%	$22.6B+1.6%	$22.3B-5.5%	$23.6B-6.8%	$25.3B-4.6%	$26.5B+6.5%	$24.9B+30.0%	$19.1B+27.8%	$15.0B
Cost of Revenue	$20.2B	$19.7B+15.7%	$17.1B+7.5%	$15.9B-14.8%	$18.6B+30.7%	$14.3B+54.1%	$9.3B+7.6%	$8.6B-16.1%	$10.2B+4.6%	$9.8B+0.4%	$9.7B-6.1%	$10.4B-2.9%	$10.7B+8.8%	$9.8B+38.4%	$7.1B+45.5%	$4.9B
Gross Profit	$23.9B	$24.5B+12.1%	$21.9B+9.8%	$20.0B-22.0%	$25.6B+32.4%	$19.3B+35.2%	$14.3B-8.9%	$15.7B+26.7%	$12.4B-0.8%	$12.5B-9.7%	$13.8B-7.4%	$14.9B-5.7%	$15.8B+5.0%	$15.0B+25.1%	$12.0B+19.3%	$10.1B
R&D Expenses	$9.9B	$9.0B+1.7%	$8.9B+0.9%	$8.8B+7.6%	$8.2B+14.2%	$7.2B+20.1%	$6.0B+10.7%	$5.4B-4.0%	$5.6B+2.6%	$5.5B+6.5%	$5.2B-6.2%	$5.5B+0.2%	$5.5B+10.3%	$5.0B+26.9%	$3.9B+30.7%	$3.0B
SG&A Expenses	$3.6B	$3.1B+12.7%	$2.8B+11.1%	$2.5B-3.4%	$2.6B+9.9%	$2.3B+12.8%	$2.1B-5.5%	$2.2B-26.5%	$3.0B+12.3%	$2.7B+11.4%	$2.4B+1.7%	$2.3B+2.4%	$2.3B-9.1%	$2.5B+10.9%	$2.3B+16.7%	$1.9B
Operating Income	$10.2B	$12.4B+22.7%	$10.1B+29.3%	$7.8B-50.9%	$15.9B+62.0%	$9.8B+56.5%	$6.3B-18.4%	$7.7B+1134.6%	$621.0M-75.9%	$2.6B-60.3%	$6.5B+12.4%	$5.8B-23.5%	$7.5B+4.4%	$7.2B+27.2%	$5.7B+13.1%	$5.0B
EBITDA	N/A	$14.0B+18.5%	$11.8B+22.7%	$9.6B-45.5%	$17.6B+55.0%	$11.4B+48.7%	$7.6B-15.7%	$9.1B+315.6%	$2.2B-46.0%	$4.0B-49.0%	$7.9B+13.3%	$7.0B-19.7%	$8.7B+5.5%	$8.2B+25.4%	$6.6B+8.1%	$6.1B
Interest Expense	$688.0M	$664.0M-4.7%	$697.0M+0.4%	$694.0M+41.6%	$490.0M-12.3%	$559.0M-7.1%	$602.0M-4.0%	$627.0M-18.4%	$768.0M+55.5%	$494.0M+66.3%	$297.0M+185.6%	$104.0M+1980.0%	$5.0M-78.3%	$23.0M-74.4%	$90.0M-21.1%	$114.0M
Income Tax	$2.0B	$7.1B+3051.3%	$226.0M+117.3%	$104.0M-94.8%	$2.0B+63.4%	$1.2B+136.3%	$521.0M-83.2%	$3.1B-42.2%	$5.4B+886.4%	$543.0M-52.0%	$1.1B-7.2%	$1.2B-2.0%	$1.2B-7.8%	$1.3B+5.5%	$1.3B+13.0%	$1.1B
Net Income	$9.3B	$5.5B-45.4%	$10.1B+40.2%	$7.2B-44.1%	$12.9B+43.0%	$9.0B+74.0%	$5.2B+18.5%	$4.4Bn/m	-$5.0B-303.0%	$2.4B-57.1%	$5.7B+8.2%	$5.3B-33.8%	$8.0B+16.3%	$6.9B+12.2%	$6.1B+43.4%	$4.3B
EPS (Basic)	N/A	$5.05-44.4%	$9.09+40.5%	$6.47-43.8%	$11.52+44.2%	$7.99+74.5%	$4.58+26.2%	$3.63n/m	-$3.39-304.2%	$1.66-56.8%	$3.84+17.8%	$3.26-31.1%	$4.73+18.5%	$3.99+11.1%	$3.59+39.7%	$2.57
EPS (Diluted)	$8.75	$5.01-44.1%	$8.97+39.7%	$6.42-43.5%	$11.37+44.5%	$7.87+74.1%	$4.52+25.9%	$3.59n/m	-$3.39-306.7%	$1.64-57.0%	$3.81+18.3%	$3.22-30.8%	$4.65+18.9%	$3.91+11.4%	$3.51+39.3%	$2.52
Diluted Shares (Avg)	N/A	1.10B-2.2%	1.13B+0.4%	1.13B-1.0%	1.14B-1.0%	1.15B0.0%	1.15B-5.8%	1.22B-16.6%	1.46B-1.8%	1.49B-0.5%	1.50B-8.6%	1.64B-4.4%	1.71B-2.3%	1.75B+0.7%	1.74B+3.0%	1.69B

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$9.9B-4.0%	$10.6B-3.5%	$12.3B+5.0%	$11.3B+10.0%	$10.4B+10.3%	$11.0B+16.9%	$11.7B+17.5%	$10.2B+18.7%
Cost of Revenue	$4.7B+1.4%	$4.9B-0.7%	$5.6B+7.9%	$5.0B+12.7%	$4.6B+10.3%	$4.9B+20.2%	$5.2B+19.7%	$4.5B+15.2%
Gross Profit	$5.3B-8.4%	$5.7B-5.7%	$6.7B+2.7%	$6.2B+8.0%	$5.8B+10.3%	$6.0B+14.4%	$6.5B+15.7%	$5.8B+21.6%
R&D Expenses	$2.6B+17.1%	$2.5B+11.1%	$2.5B+10.0%	$2.4B+3.0%	$2.2B-1.5%	$2.2B-0.9%	$2.2B+6.4%	$2.3B+7.8%
SG&A Expenses	$976.0M+26.6%	$898.0M+27.2%	$865.0M+19.6%	$910.0M+19.6%	$771.0M+16.1%	$706.0M-0.1%	$723.0M+15.3%	$761.0M+21.2%
Operating Income	$1.6B-41.1%	$2.3B-26.0%	$3.4B-5.3%	$2.9B+13.0%	$2.8B+24.4%	$3.1B+33.3%	$3.6B+21.4%	$2.6B+83.1%
EBITDA	$2.0B-36.0%	$2.7B-22.6%	$3.8B-5.8%	$3.3B+8.9%	$3.2B+19.7%	$3.5B+27.8%	$4.0B+18.6%	$3.0B+61.4%
Interest Expense	$178.0M+6.0%	$171.0M+4.9%	$169.0M+3.7%	$170.0M-5.0%	$168.0M0.0%	$163.0M-5.2%	$163.0M-8.4%	$179.0M+3.5%
Income Tax	$460.0M+60.8%	-$5.1B-1853.6%	$543.0M+19.3%	$6.1Bn/m	$286.0M+67.3%	$293.0M+31.4%	$455.0M+201.3%	-$319.0Mn/m
Net Income	$2.0B-24.9%	$7.4B+162.1%	$3.0B-5.5%	-$3.1B-206.7%	$2.7B+25.2%	$2.8B+20.9%	$3.2B+14.9%	$2.9B+96.0%
EPS (Basic)	$1.89-22.5%	$6.92+171.4%	$2.81-1.7%	-$2.80-206.9%	$2.44+27.7%	$2.55+22.6%	$2.86+15.3%	$2.62+97.0%
EPS (Diluted)	$1.87-23.0%	$6.88+173.0%	$2.78-1.8%	-$2.78-207.8%	$2.43+29.3%	$2.52+22.3%	$2.83+15.0%	$2.58+95.5%
Diluted Shares (Avg)	1.07B-2.7%	1.07B-3.9%	1.08B-3.8%	N/A	1.10B-3.1%	1.11B-1.3%	1.12B-0.4%	N/A

QCOM Balance Sheet

QCOM quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$50.1B-9.1%	$55.2B+8.1%	$51.0B+4.1%	$49.0B+18.9%	$41.2B+15.9%	$35.6B+8.0%	$33.0B+0.7%	$32.7B-50.0%	$65.5B+25.1%	$52.4B+3.1%	$50.8B+4.6%	$48.6B+6.7%	$45.5B+5.8%	$43.0B+18.1%	$36.4B
Current Assets	$25.8B+2.1%	$25.2B+12.3%	$22.5B+8.4%	$20.7B+3.2%	$20.1B+8.4%	$18.5B+10.5%	$16.8B-3.6%	$17.4B-60.1%	$43.6B+89.7%	$23.0B+4.0%	$22.1B-1.4%	$22.4B+14.6%	$19.6B+25.0%	$15.6B+9.5%	$14.3B
Cash & Equivalents	$5.5B-29.7%	$7.8B-7.1%	$8.4B+204.7%	$2.8B-61.0%	$7.1B+6.1%	$6.7B-43.3%	$11.8B+0.5%	$11.8B-66.4%	$35.0B+489.1%	$5.9B-21.3%	$7.6B-4.4%	$7.9B+28.7%	$6.1B+61.3%	$3.8B-30.3%	$5.5B
Short-Term Investments	$4.6B-15.0%	$5.5B+89.7%	$2.9B-20.4%	$3.6B-31.9%	$5.3B+17.6%	$4.5B+970.5%	$421.0M+35.4%	$311.0M-86.4%	$2.3B-82.1%	$12.7B+30.1%	$9.8B+1.1%	$9.7B+9.5%	$8.8B+3.0%	$8.6B+38.4%	$6.2B
Inventory	$6.5B+1.6%	$6.4B0.0%	$6.4B+1.3%	$6.3B+96.4%	$3.2B+24.2%	$2.6B+85.6%	$1.4B-17.3%	$1.7B-16.8%	$2.0B+30.8%	$1.6B+4.3%	$1.5B+2.3%	$1.5B+12.0%	$1.3B+26.4%	$1.0B+34.6%	$765.0M
Accounts Receivable	$2.9B+21.6%	$2.3B+22.0%	$1.9B-53.9%	$4.2B+88.6%	$2.2B-17.6%	$2.7B+156.9%	$1.0B-60.8%	$2.7B-25.4%	$3.6B+63.0%	$2.2B+13.0%	$1.9B-17.8%	$2.4B+10.3%	$2.1B+46.8%	$1.5B+46.9%	$993.0M
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0-100.0%	$35.0M-2.8%	$36.0M+2.9%	$35.0M-97.2%	$1.3B-90.7%	$13.7B+0.6%	$13.6B-5.7%	$14.5B+0.1%	$14.4B-0.2%	$14.5B+56.2%	$9.3B
Goodwill	$11.4B+5.2%	$10.8B+1.5%	$10.6B+1.3%	$10.5B+45.0%	$7.2B+14.6%	$6.3B+0.7%	$6.3B-3.3%	$6.5B-1.9%	$6.6B+16.6%	$5.7B+3.7%	$5.5B+22.1%	$4.5B+12.9%	$4.0B+1.5%	$3.9B+14.1%	$3.4B
Total Liabilities	$28.9B+0.2%	$28.9B-2.0%	$29.5B-5.0%	$31.0B-0.9%	$31.3B+6.0%	$29.5B+5.2%	$28.0B-12.1%	$31.9B-8.2%	$34.8B+68.9%	$20.6B+6.2%	$19.4B+106.0%	$9.4B-0.2%	$9.4B-0.4%	$9.5B+0.2%	$9.4B
Current Liabilities	$9.1B-12.9%	$10.5B+9.1%	$9.6B-18.9%	$11.9B-0.7%	$12.0B+37.8%	$8.7B-2.9%	$8.9B-21.5%	$11.4B+4.1%	$10.9B+49.6%	$7.3B+19.9%	$6.1B+1.4%	$6.0B+15.3%	$5.2B-1.7%	$5.3B+0.2%	$5.3B
Non-Current Liabilities	$19.8B+7.7%	$18.4B-7.3%	$19.8B+3.6%	$19.1B-1.1%	$19.3B-7.2%	$20.8B+9.1%	$19.1B-6.9%	$20.5B-13.9%	$23.8B+79.5%	$13.3B0.0%	$13.3B+291.2%	$3.4B-19.5%	$4.2B+1.2%	$4.2B+0.1%	$4.2B
Long-Term Debt	$14.8B+11.6%	$13.3B-8.4%	$14.5B+7.0%	$13.5B-1.2%	$13.7B-10.0%	$15.2B+13.3%	$13.4B-12.5%	$15.4B-20.8%	$19.4B+93.8%	$10.0B+0.4%	$10.0Bn/m	$0	N/A	N/A	N/A
Total Equity	$21.2B-19.3%	$26.3B+21.7%	$21.6B+19.8%	$18.0B+81.0%	$9.9B+63.7%	$6.1B+23.8%	$4.9B+508.3%	$807.0M-97.4%	$30.7B-3.3%	$31.8B+1.1%	$31.4B-19.8%	$39.2B+8.5%	$36.1B+7.7%	$33.5B+24.4%	$27.0B
Retained Earnings	$20.6B-19.6%	$25.7B+23.9%	$20.7B+16.2%	$17.8B+81.6%	$9.8B+85.9%	$5.3B+18.3%	$4.5B+724.0%	$542.0M-98.2%	$30.1B-2.8%	$30.9B-0.9%	$31.2B+1.4%	$30.8B+21.0%	$25.5B+23.0%	$20.7B+27.8%	$16.2B

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$57.4B+4.6%	$57.1B+3.2%	$53.0B-4.6%	$50.1B-9.1%	$54.9B+4.0%	$55.4B+4.1%	$55.6B+6.6%	$55.2B+8.1%
Current Assets	$23.0B-7.7%	$23.1B-11.4%	$24.6B-5.6%	$25.8B+2.1%	$24.9B+6.8%	$26.1B+7.6%	$26.1B+11.2%	$25.2B+12.3%
Cash & Equivalents	$4.5B-16.8%	$5.4B-24.5%	$7.2B-17.3%	$5.5B-29.7%	$5.4B-29.9%	$7.2B-21.9%	$8.7B+7.1%	$7.8B-7.1%
Short-Term Investments	$3.8B-17.4%	$4.4B-34.3%	$4.6B-17.4%	$4.6B-15.0%	$4.6B-13.3%	$6.6B+43.4%	$5.6B+42.6%	$5.5B+89.7%
Inventory	$8.4B+32.2%	$7.4B+18.9%	$6.7B+5.7%	$6.5B+1.6%	$6.3B+5.3%	$6.2B+1.8%	$6.3B+0.9%	$6.4B0.0%
Accounts Receivable	N/A	N/A	N/A	$2.9B+21.6%	N/A	N/A	N/A	$2.3B+22.0%
Long-Term Investments	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m	$0n/m
Goodwill	$14.3B+25.6%	$14.3B+30.2%	$14.2B+30.0%	$11.4B+5.2%	$11.4B+5.5%	$10.9B+1.7%	$10.9B+1.7%	$10.8B+1.5%
Total Liabilities	$29.7B+7.4%	$29.9B+8.0%	$30.0B+4.4%	$28.9B+0.2%	$27.7B-1.5%	$27.6B-3.7%	$28.7B-1.3%	$28.9B-2.0%
Current Liabilities	$11.4B+46.3%	$9.8B+2.3%	$9.8B-1.3%	$9.1B-12.9%	$7.8B-20.0%	$9.5B+4.4%	$10.0B+8.6%	$10.5B+9.1%
Non-Current Liabilities	$18.3B-7.8%	$20.1B+11.0%	$20.1B+7.5%	$19.8B+7.7%	$19.9B+8.3%	$18.1B-7.4%	$18.7B-5.9%	$18.4B-7.3%
Long-Term Debt	$12.8B-13.6%	$14.8B+11.4%	$14.8B+12.1%	$14.8B+11.6%	$14.8B+12.1%	$13.3B-8.8%	$13.2B-9.3%	$13.3B-8.4%
Total Equity	$27.7B+1.7%	$27.3B-1.6%	$23.1B-14.2%	$21.2B-19.3%	$27.2B+10.3%	$27.7B+13.3%	$26.9B+16.6%	$26.3B+21.7%
Retained Earnings	$27.3B+2.7%	$26.9B-1.6%	$22.5B-15.4%	$20.6B-19.6%	$26.6B+9.4%	$27.3B+14.1%	$26.6B+17.9%	$25.7B+23.9%

QCOM Cash Flow Statement

QCOM quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$12.4B	$14.0B+14.8%	$12.2B+8.0%	$11.3B+24.2%	$9.1B-13.7%	$10.5B+81.2%	$5.8B-20.2%	$7.3B+86.4%	$3.9B-21.9%	$5.0B-34.5%	$7.6B+38.6%	$5.5B-38.0%	$8.9B+1.2%	$8.8B+46.3%	$6.0B+22.4%	$4.9B
Depreciation & Amortization	N/A	$1.6B-6.1%	$1.7B-5.7%	$1.8B+2.7%	$1.8B+11.4%	$1.6B+13.6%	$1.4B-0.6%	$1.4B-10.2%	$1.6B+6.8%	$1.5B+2.3%	$1.4B+17.6%	$1.2B+5.6%	$1.1B+13.1%	$1.0B+13.4%	$897.0M-15.5%	$1.1B
Stock-Based Compensation	N/A	$2.8B+5.1%	$2.6B+6.6%	$2.5B+22.3%	$2.0B+22.1%	$1.7B+37.2%	$1.2B+16.9%	$1.0B+17.4%	$883.0M-3.4%	$914.0M-3.1%	$943.0M-8.1%	$1.0B-3.1%	$1.1B-4.2%	$1.1B+6.8%	$1.0B+25.6%	$824.0M
Capital Expenditures	$2.0B	$1.2B+14.5%	$1.0B-28.2%	$1.4B-35.9%	$2.3B+19.8%	$1.9B+34.2%	$1.4B+58.6%	$887.0M+13.1%	$784.0M+13.6%	$690.0M+28.0%	$539.0M-45.8%	$994.0M-16.1%	$1.2B+13.1%	$1.0B-18.4%	$1.3B+116.5%	$593.0M
Free Cash Flow	$10.4B	$12.8B+14.9%	$11.2B+13.3%	$9.8B+44.1%	$6.8B-21.0%	$8.6B+96.2%	$4.4B-31.1%	$6.4B+104.8%	$3.1B-27.5%	$4.3B-39.2%	$7.1B+57.2%	$4.5B-41.4%	$7.7B-0.4%	$7.7B+64.0%	$4.7B+9.4%	$4.3B
Investing Cash Flow	-$2.1B	-$800.0Mn/m	-$3.6B-575.5%	$762.0Mn/m	-$5.8Bn/m	-$3.4Bn/m	-$5.3Bn/m	-$806.0M-133.9%	$2.4B-88.4%	$20.5Bn/m	-$3.5Bn/m	-$3.6Bn/m	-$1.6Bn/m	-$1.6Bn/m	-$6.9Bn/m	-$4.5B
Financing Cash Flow	-$13.5B	-$13.2Bn/m	-$9.3Bn/m	-$6.7Bn/m	-$7.2Bn/m	-$6.8Bn/m	-$5.7Bn/m	-$6.4Bn/m	-$31.5B-665.4%	$5.6Bn/m	-$5.8Bn/m	-$2.3Bn/m	-$5.5Bn/m	-$4.8Bn/m	-$757.0M-149.9%	$1.5B
Dividends Paid	$3.8B	$3.8B+3.2%	$3.7B+6.5%	$3.5B+7.8%	$3.2B+6.8%	$3.0B+4.4%	$2.9B-2.9%	$3.0B-14.4%	$3.5B+6.6%	$3.3B+8.8%	$3.0B+3.8%	$2.9B+11.4%	$2.6B+25.8%	$2.1B+29.8%	$1.6B+17.6%	$1.3B
Share Buybacks	$9.3B	$8.8B+113.3%	$4.1B+38.6%	$3.0B-5.0%	$3.1B-7.0%	$3.4B+37.4%	$2.5B+36.6%	$1.8B-92.1%	$22.6B+1582.6%	$1.3B-65.8%	$3.9B-65.1%	$11.2B+147.2%	$4.5B-1.3%	$4.6B+251.1%	$1.3B+824.6%	$142.0M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$991.0M-65.5%	$2.4B-4.1%	$5.0B+8.2%	$4.0B+51.0%	$2.9B-5.8%	$2.6B-28.1%	$4.6B+55.5%	$2.6B-35.3%
Depreciation & Amortization	$396.0M-0.5%	$413.0M+4.0%	$393.0M-9.9%	$371.0M-15.5%	$398.0M-5.0%	$397.0M-3.4%	$436.0M-0.2%	$439.0M-5.0%
Stock-Based Compensation	N/A	N/A	$888.0M+17.0%	N/A	N/A	N/A	$759.0M+26.1%	N/A
Capital Expenditures	$496.0M+68.7%	$533.0M+149.1%	$549.0M+98.2%	$407.0M+59.0%	$294.0M-24.0%	$214.0M+16.3%	$277.0M+29.4%	$256.0M-12.6%
Free Cash Flow	$495.0M-80.8%	$1.9B-18.1%	$4.4B+2.5%	$3.6B+50.1%	$2.6B-3.2%	$2.3B-30.6%	$4.3B+57.6%	$2.4B-37.0%
Investing Cash Flow	$574.0M-64.8%	-$501.0Mn/m	-$1.7Bn/m	-$471.0Mn/m	$1.6Bn/m	-$1.3Bn/m	-$671.0Mn/m	-$385.0Mn/m
Financing Cash Flow	-$2.5Bn/m	-$3.7Bn/m	-$3.9Bn/m	-$3.4Bn/m	-$4.0Bn/m	-$2.8Bn/m	-$3.0Bn/m	-$2.2Bn/m
Dividends Paid	$973.0M+0.5%	$946.0M+0.9%	$949.0M+0.7%	$957.0M+0.9%	$968.0M+2.0%	$938.0M+4.8%	$942.0M+5.3%	$948.0M+6.2%
Share Buybacks	$1.4B-52.1%	$2.8B+59.7%	$2.6B+51.4%	$2.4B+87.6%	$2.8B+118.6%	$1.7B+139.1%	$1.8B+123.2%	$1.3B+225.7%

QCOM Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

QCOM quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	55.4%-0.8pp	56.2%+0.5pp	55.7%-2.1pp	57.8%+0.3pp	57.5%-3.2pp	60.7%-3.9pp	64.6%+9.9pp	54.7%-1.3pp	56.0%-2.6pp	58.6%-0.3pp	59.0%-0.7pp	59.7%-0.8pp	60.5%-2.4pp	62.9%-4.5pp	67.4%
Operating Margin	27.9%+2.1pp	25.9%+4.1pp	21.7%-14.1pp	35.9%+6.7pp	29.2%+2.6pp	26.6%-5.0pp	31.6%+28.8pp	2.8%-8.9pp	11.6%-16.0pp	27.6%+4.7pp	22.9%-5.6pp	28.5%-0.6pp	29.1%-0.6pp	29.7%-3.9pp	33.6%
Net Margin	12.5%-13.5pp	26.0%+5.8pp	20.2%-9.1pp	29.3%+2.3pp	26.9%+4.8pp	22.1%+4.0pp	18.1%+40.0pp	-21.9%-32.9pp	11.0%-13.2pp	24.2%+3.4pp	20.8%-9.2pp	30.1%+2.5pp	27.6%-4.4pp	31.9%+3.5pp	28.5%
Return on Equity	26.1%-12.5pp	38.6%+5.1pp	33.5%-38.3pp	71.8%-19.1pp	90.9%+5.3pp	85.5%-3.8pp	89.3%+704.5pp	-615.1%-623.1pp	8.0%-10.0pp	17.9%+1.2pp	16.8%-3.6pp	20.3%+1.3pp	19.0%+0.8pp	18.2%+2.4pp	15.8%
Return on Assets	11.1%-7.3pp	18.4%+4.2pp	14.2%-12.2pp	26.4%+4.5pp	21.9%+7.3pp	14.6%+1.3pp	13.3%+28.5pp	-15.2%-18.9pp	3.7%-7.2pp	10.9%+0.5pp	10.4%-6.0pp	16.4%+1.3pp	15.1%+0.9pp	14.2%+2.5pp	11.7%
Current Ratio	2.82+0.4x	2.40+0.1x	2.33+0.6x	1.75+0.1x	1.68-0.5x	2.14+0.3x	1.88+0.3x	1.53-2.5x	3.98+0.8x	3.14-0.5x	3.62-0.1x	3.730.0x	3.75+0.8x	2.95+0.2x	2.70
Debt-to-Equity	0.70+0.2x	0.51-0.2x	0.67-0.1x	0.75-0.6x	1.38-1.1x	2.51-0.2x	2.74-16.3x	19.04+18.4x	0.63+0.3x	0.310.0x	0.32+0.3x	0.00	N/A	N/A	N/A
Liabilities-to-Equity	1.36+0.3x	1.10-0.3x	1.36-0.4x	1.72-1.4x	3.14-1.7x	4.86-0.9x	5.71-33.8x	39.54+38.4x	1.13+0.5x	0.650.0x	0.62+0.4x	0.240.0x	0.260.0x	0.28-0.1x	0.35
Asset Turnover	0.88+0.2x	0.710.0x	0.70-0.2x	0.90+0.1x	0.81+0.2x	0.66-0.1x	0.740.0x	0.69+0.4x	0.34-0.1x	0.450.0x	0.500.0x	0.550.0x	0.55+0.1x	0.440.0x	0.41
FCF Margin	28.9%+0.3pp	28.6%+1.1pp	27.5%+12.0pp	15.5%-10.3pp	25.8%+7.0pp	18.7%-7.6pp	26.4%+12.5pp	13.8%-5.6pp	19.4%-10.7pp	30.1%+12.3pp	17.8%-11.2pp	29.1%-2.0pp	31.1%+6.4pp	24.6%-4.1pp	28.8%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	53.0%-2.5pp	53.8%-1.3pp	54.5%-1.2pp	55.3%-1.0pp	55.6%0.0pp	55.0%-1.2pp	55.8%-0.8pp	56.4%+1.3pp
Operating Margin	16.4%-10.3pp	21.8%-6.6pp	27.5%-3.0pp	25.9%+0.7pp	26.7%+3.0pp	28.4%+3.5pp	30.5%+1.0pp	25.2%+8.9pp
Net Margin	20.1%-5.6pp	69.5%+43.9pp	24.5%-2.7pp	-27.7%-56.2pp	25.7%+3.0pp	25.6%+0.8pp	27.3%-0.6pp	28.5%+11.2pp
Return on Equity	7.2%-2.6pp	27.0%+16.9pp	13.0%+1.2pp	-14.7%-25.8pp	9.8%+1.2pp	10.1%+0.6pp	11.8%-0.2pp	11.1%+4.2pp
Return on Assets	3.5%-1.4pp	12.9%+7.8pp	5.7%-0.1pp	-6.2%-11.5pp	4.9%+0.8pp	5.1%+0.7pp	5.7%+0.4pp	5.3%+2.4pp
Current Ratio	2.02-1.2x	2.37-0.4x	2.51-0.1x	2.82+0.4x	3.19+0.8x	2.73+0.1x	2.62+0.1x	2.40+0.1x
Debt-to-Equity	0.46-0.1x	0.54+0.1x	0.64+0.2x	0.70+0.2x	0.540.0x	0.48-0.1x	0.49-0.1x	0.51-0.2x
Liabilities-to-Equity	1.07+0.1x	1.09+0.1x	1.30+0.2x	1.36+0.3x	1.02-0.1x	1.00-0.2x	1.07-0.2x	1.10-0.3x
Asset Turnover	0.170.0x	0.190.0x	0.230.0x	0.220.0x	0.190.0x	0.200.0x	0.210.0x	0.190.0x
FCF Margin	5.0%-19.9pp	18.1%-3.2pp	36.0%-0.9pp	31.8%+8.5pp	24.9%-3.5pp	21.3%-14.6pp	36.9%+9.4pp	23.3%-20.7pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Qualcomm Inc QCOM	FY2025	$44.3B	$5.5B	12.5%	$191.8B	77/100
Micron Technology, Inc. MU	FY2026	$133.2B	$85.0B	63.8%	$1.0T	85/100
Texas Instruments Incorporated TXN	FY2025	$17.7B	$5.0B	28.3%	$272.3B	67/100
Arm Holdings ARM	FY2026	$4.9B	$904.0M	18.4%	$238.5B	77/100
Analog Devices, Inc. ADI	FY2025	$11.0B	$2.3B	20.6%	$197.7B	61/100
Intel Corp INTC	FY2025	$52.9B	-$267.0M	-0.5%	$478.2B	25/100

Where Qualcomm Inc Ranks

Frequently Asked Questions

What is Qualcomm Inc's annual revenue?

Qualcomm Inc (QCOM) reported $44.3B in total revenue for fiscal year 2025. This represents a 13.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Qualcomm Inc's revenue growing?

Qualcomm Inc (QCOM) revenue grew by 13.7% year-over-year, from $39.0B to $44.3B in fiscal year 2025.

Is Qualcomm Inc profitable?

Yes, Qualcomm Inc (QCOM) reported a net income of $9.3B over the trailing 12 months to June 28, 2026. In fiscal year 2025 it reported a net income of $5.5B, with a net profit margin of 12.5%.

What is Qualcomm Inc's EBITDA?

Qualcomm Inc (QCOM) had EBITDA of $14.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Qualcomm Inc have?

As of fiscal year 2025, Qualcomm Inc (QCOM) had $5.5B in cash and equivalents against $14.8B in long-term debt.

What is Qualcomm Inc's gross margin?

Qualcomm Inc (QCOM) had a gross margin of 55.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Qualcomm Inc's operating margin?

Qualcomm Inc (QCOM) had an operating margin of 27.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Qualcomm Inc's net profit margin?

Qualcomm Inc (QCOM) had a net profit margin of 12.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Qualcomm Inc pay dividends?

Yes, Qualcomm Inc (QCOM) paid $3.48 per share in dividends during fiscal year 2025.

What is Qualcomm Inc's return on equity (ROE)?

Qualcomm Inc (QCOM) has a return on equity of 26.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Qualcomm Inc's free cash flow?

Qualcomm Inc (QCOM) generated $12.8B in free cash flow during fiscal year 2025. This represents a 14.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Qualcomm Inc's operating cash flow?

Qualcomm Inc (QCOM) generated $14.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Qualcomm Inc's total assets?

Qualcomm Inc (QCOM) had $50.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Qualcomm Inc's capital expenditures?

Qualcomm Inc (QCOM) invested $1.2B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Qualcomm Inc spend on research and development?

Qualcomm Inc (QCOM) invested $9.0B in research and development during fiscal year 2025.

Does Qualcomm Inc buy back shares?

Yes, Qualcomm Inc (QCOM) spent $8.8B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Qualcomm Inc have outstanding?

Qualcomm Inc (QCOM) had 1.07B shares outstanding as of fiscal year 2025.

What is Qualcomm Inc's current ratio?

Qualcomm Inc (QCOM) had a current ratio of 2.82 as of fiscal year 2025, which is generally considered healthy.

What is Qualcomm Inc's debt-to-equity ratio?

Qualcomm Inc (QCOM) had a debt-to-equity ratio of 0.70 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.

What is Qualcomm Inc's liabilities-to-equity ratio?

Qualcomm Inc (QCOM) had a liabilities-to-equity ratio of 1.36 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.

What is Qualcomm Inc's return on assets (ROA)?

Qualcomm Inc (QCOM) had a return on assets of 11.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Qualcomm Inc's P/E ratio?

Qualcomm Inc (QCOM) trades at 20.7x earnings, its market capitalization divided by $9.3B net income, trailing 12 months to June 28, 2026. The market capitalization is $191.8B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Qualcomm Inc's price-to-sales ratio?

Qualcomm Inc (QCOM) trades at 4.4x sales, its market capitalization divided by $44.1B revenue, trailing 12 months to June 28, 2026. The market capitalization is $191.8B as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Qualcomm Inc's Altman Z-Score?

Qualcomm Inc (QCOM) has an Altman Z-Score of 6.65, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Qualcomm Inc's Piotroski F-Score?

Qualcomm Inc (QCOM) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Qualcomm Inc's earnings high quality?

Qualcomm Inc (QCOM) has an earnings quality ratio of 2.53x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Qualcomm Inc cover its interest payments?

Qualcomm Inc (QCOM) has an interest coverage ratio of 18.61x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Qualcomm Inc?

Qualcomm Inc (QCOM) scores 77 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.