Here are the 10-K annual reports from Qualcomm Inc (QCOM) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow QCOM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full QCOM filings page.
Qualcomm Incorporated (QCOM) reported fiscal 2026 revenue of $43.120 billion, compared with $44.284 billion in fiscal 2025. Net income was $13.628 billion, versus $5.541 billion, and diluted earnings per share were $12.70 versus $5.01. Operating income was $8.658 billion, compared with $12.355 billion, while operating cash flow was $11.145 billion versus $14.012 billion. Fiscal 2026 included an income tax benefit of $4.214 billion; fiscal 2025 included an income tax expense of $7.122 billion.
The company earns revenue principally from integrated-circuit sales and intellectual-property licensing, through its QCT semiconductor, QTL licensing and QSI strategic-investment businesses. QCT revenue was $37.2 billion in fiscal 2026. Its platforms serve handset, automotive, IoT and data-center markets. Beginning in the first quarter of fiscal 2027, the Data Center business, previously presented as a nonreportable segment, will be included within QCT to align with how the company plans to manage the business.
Qualcomm (QCOM) filed its 2025 Annual Report, detailing a business anchored by two core segments: QCT (semiconductors and system software) and QTL (technology licensing), with QSI focused on strategic investments. The company emphasizes on-device AI, high-performance, low‑power computing and advanced wireless connectivity across smartphones, automotive and IoT. Automotive growth centers on the Snapdragon Digital Chassis, while IoT spans consumer, edge networking and industrial uses.
Management highlights industry trends in generative AI, 5G/5G Advanced and the rise of AI‑capable PCs and personal AI devices. Customer concentration is significant, with Apple, Samsung and Xiaomi each comprising 10% or more of fiscal 2025 revenue. The report also notes supply-chain dependence on third‑party foundries and internal RFFE manufacturing, alongside licensing program durability and ongoing legal/regulatory sensitivities.
Shares outstanding were 1,071 million as of November 3, 2025. The aggregate market value of non‑affiliate equity was $167.9 billion as of March 28, 2025.