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Qualcomm Inc.

QCOMSemiconductors

Generated Jul 5, 2026, 03:56 PM UTC

analytical score -25

QCOM (Qualcomm Inc.) analytical snapshot. Revenue declined +19.0% YoY to $35.82B. 5-year revenue CAGR +8.1%; 10y CAGR +3.4%. Net margin at 20.19% (contracting ▼). Market cap $185.77B at $176.25 per share. Trailing P/E 27.45, P/S 5.19, P/B 37.84. EV/Operating income ≈ 25.05 (EV $195.10B). Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score -25 (data confidence 83%). Descriptive analytics from public filings — not investment advice.

Market cap
$185.77B
1.05B shares
Price
$176.25
NMS
P/E (ttm)
27.45
Revenue (FY)
$35.82B
YoY -19.0%
Net margin
20.19%
▼ 1.90pp
Free cash flow
$9.85B
27.50% margin
Risk level
Moderate

Free SEC analysis

— computed from SEC filings, free to read
Free previewFundamentals Analyst

Fundamentals

Fundamentals Analyst
score -50Deteriorating
80% conf

Revenue declined +19.0% YoY to $35.82B. 5-year revenue CAGR +8.1%; 10y CAGR +3.4%. Net margin at 20.19% (contracting ▼).

  • Revenue declined +19.0% YoY to $35.82B.
  • 5-year revenue CAGR +8.1%; 10y CAGR +3.4%.
  • Net margin at 20.19% (contracting ▼).
  • Gross margin 0.00%, operating margin 21.74%.
  • Free cash flow margin 27.50% ($9.85B).
  • Net income down ▼ +44.1% YoY.
  • Debt/equity 3.01, current ratio 2.37, net debt $9.34B.
  • Asset turnover 0.63 — capital efficiency.
Revenue (FY)
$35.82B
YoY -19.0%
Net margin
20.19%
▼ 1.90pp
ROE
—
ROA 13.11%
ROIC
58.69%
EPS (diluted)
$6.42
FY2025
Free cash flow
$9.85B
27.50% margin
Debt / equity
3.01
Cash $5.43B
Current ratio
2.37
Equity $4.91B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
FYRevenueRev YoYGross%Op%Net%FCFROE%
2016$26.49B—0.0028.5030.08$7.70B25.36
2017$25.28B-4.6%0.0022.8520.85$4.51B16.59
2018$23.55B-6.8%0.0027.5724.22$7.09B—
2019$22.26B-5.5%0.0011.6010.98$4.31B7.96
2020$22.61B+1.6%0.002.75-21.95$3.12B—
2021$24.27B+7.4%0.0031.5918.07$6.40B—
2022$23.53B-3.1%0.0026.5822.09$4.41B—
2023$33.57B+42.6%0.0029.1626.94$8.65B—
2024$44.20B+31.7%0.0035.8829.27$6.83B—
2025$35.82B-19.0%0.0021.7420.19$9.85B—
Quarterly revenue trend (last 6 quarters, SEC 10-Q)
Quarter endRevenueYoYQoQNet margin
Mar 30, 2025$10.98B——54.58%
Jun 29, 2025$33.01B—+200.7%26.23%
Jun 29, 2025$10.37B—-68.6%83.53%
Dec 28, 2025$12.25B—+18.2%24.52%
Mar 29, 2026$22.85B—+86.5%45.40%
Mar 29, 2026$10.60B—-53.6%97.89%
Revenue (annual, SEC 10-K)
2016: 26,487
2017: 25,281
2018: 23,554
2019: 22,258
2020: 22,611
2021: 24,273
2022: 23,531
2023: 33,566
2024: 44,200
2025: 35,820
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Profitability trends (%)
-22.0-7.56.921.435.9201620182020202220242025
GrossOperatingNet
Free cash flow (annual)
2016: 7,702
2017: 4,512
2018: 7,093
2019: 4,311
2020: 3,124
2021: 6,399
2022: 4,407
2023: 8,648
2024: 6,834
2025: 9,849
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Sources:SEC EDGAR — Company Facts (XBRL)
Free previewRegulatory Analyst

Filings & Ownership

Regulatory Analyst
score 20Improving
80% conf

Latest annual report (10-K) filed Nov 5, 2025. Latest quarterly report (10-Q) filed Apr 29, 2026. 8 recent 8-K material-event filings in the index.

  • Latest annual report (10-K) filed Nov 5, 2025.
  • Latest quarterly report (10-Q) filed Apr 29, 2026.
  • 8 recent 8-K material-event filings in the index.
  • Recent insider Form 4s: 0 buy vs 0 sell transactions.
  • ~10,000+ recent 13F-HR filings reference Qualcomm Inc.; broad institutional reporting.
  • Recent filers include LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS /MA, LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS /MA, LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS /MA.
  • 20 recent 13G passive institutional ownership notices.
Latest 10-K
Nov 5, 2025
Annual report
Latest 10-Q
Apr 29, 2026
8-K (recent)
8
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
FilerFormFiled
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS /MA13F-HRAug 9, 2002
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS /MA13F-HRMay 15, 2003
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS /MA13F-HRNov 2, 2001
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS /MA13F-HRMay 8, 2001
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS /MA13F-HRFeb 1, 2002
Recent 8-K material events
DateFormDescription
Jun 24, 20268-KFORM 8-K
Apr 29, 20268-K8-K
Mar 19, 20268-K8-K
Feb 4, 20268-K8-K
Jan 16, 20268-K8-K
Dec 16, 20258-K8-K
Dec 10, 20258-K8-K
Nov 5, 20258-K8-K
Sources:SEC EDGAR — Company FilingsSEC EDGAR — Full-Text Search
Free previewSEC Filing Analyst

SEC Filing Deep-Analysis

SEC Filing Analyst
score -58Deteriorating
70% conf

5 risk signal(s), 1 positive signal(s) detected from XBRL filing diff analysis. Revenue grew -19.0% but receivables grew +22.0% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.

  • Receivables outpacing revenue: Accounts receivable grew +22.0% YoY vs revenue growth of -19.0%. The +41.0% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
  • Inventory buildup exceeds sales growth: Inventory grew +0.0% vs revenue -19.0%. Excess inventory may signal weakening demand, potential write-downs, or supply chain overcommitment. Watch gross margin for discounting impact.
  • Going concern doubt: The term "going concern" appears in 6 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
  • Material weakness in internal controls: The term "material weakness" appears in 19 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
  • NEW: Restatement of financial statements in latest filing: The term "restate" "financial statements" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 3 filing(s).
  • Operating cash flow exceeds net income: OCF is 1.56x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
  • Endogenous analysis: Revenue grew -19.0% but receivables grew +22.0% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
  • 4 new XBRL disclosure(s) in latest filing — expanding reporting scope.
  • 20 disclosure(s) dropped from prior year — reduced reporting granularity.
  • 1 new risk-language term(s) detected in filing text: Restatement of financial statements.
  • Ongoing high-severity risk language: Going concern doubt, Material weakness in internal controls.
Revenue
$35.82B
-19.0% YoY
Operating income
$7.79B
-50.9% YoY
Net income
$7.23B
-44.1% YoY
Operating cash flow
$11.30B
+24.2% YoY
Capex
$1.45B
-35.9% YoY
Total assets
$55.15B
+8.1% YoY
Total liabilities
$28.88B
-2.0% YoY
Long-term debt
$13.27B
-8.4% YoY
Filing quality score
73/100
4 new disclosures
SEC XBRL metric changes (latest annual vs prior)
MetricPrior yearLatest yearChange% Change
Revenue$44.20B$35.82B$-8.38B-19.0%
Operating income$15.86B$7.79B$-8.07B-50.9%
Net income$12.94B$7.23B$-5.70B-44.1%
Operating cash flow$9.10B$11.30B$2.20B+24.2%
Capex$2.26B$1.45B$-812.0M-35.9%
Total assets$51.04B$55.15B$4.11B+8.1%
Total liabilities$29.46B$28.88B$-579.0M-2.0%
Long-term debt$14.48B$13.27B$-1.21B-8.4%
Cash & equivalents$8.45B$7.85B$-601.0M-7.1%
Stockholders equity$31.78B$30.73B$-1.05B-3.3%
Inventory$6.42B$6.42B$1.0M+0.0%
Accounts receivable$1.92B$2.35B$424.0M+22.0%
R&D expense$8.19B$8.82B$624.0M+7.6%
SG&A expense$2.57B$2.48B$-87.0M-3.4%
Interest expense$490.0M$694.0M$204.0M+41.6%
XBRL disclosure changes (new vs dropped concepts)
TypeConcepts
AddedIncomeLossFromEquityMethodInvestments, NumberOfReportableSegments, RepaymentsOfAssumedDebt, RestructuringAndRelatedCostIncurredCost
RemovedAccountsReceivableNetCurrent, AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment, AllocatedShareBasedCompensationExpense, AllocatedShareBasedCompensationExpenseNetOfTax, AmortizationOfIntangibleAssets, AssetImpairmentCharges, BuildingsAndImprovementsGross, BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIndefiniteLivedIntangibleAssets, CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations, CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
Risk language in filing text (EDGAR full-text search)
TermSeverityRecentPriorStatus
Going concern doubthigh62Ongoing
Material weakness in internal controlshigh192Ongoing
Restatement of financial statementshigh30NEW
Impairment chargemedium512Ongoing
Restructuringmedium11913Ongoing
Off-balance sheet arrangementsmedium701Ongoing
Related party transactionslow71Ongoing
Filing signal breakdown
Red flags: 5
Positive: 1
Watch: 0
Red flags
Positive
Watch
Sources:SEC EDGAR — Company Facts (XBRL)SEC EDGAR — Financial Reports

Unlock the rest

  • Valuation
    Market cap $185.77B at $176.25 per share.
    Pro
  • Price & Technicals
    Price $176.25 — uptrend (above 200-DMA); 1-month momentum negative.
    Pro
  • Macro & Rates
    Market regime: Risk-on · Supportive.
    Pro
  • Risk Scorecard
    Composite risk: Moderate.
    Pro

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3 sections free · 4 Pro sections locked · composite -25

Macro exposure

Cyclical / growth · High sensitivity
Supportive

Macro regime: Risk-on · Supportive. Qualcomm Inc. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.

Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
16.59
Fed funds
3.63%
CPI YoY
+4.2%

Analytical read

deterministic preview

Latest annual report (10-K) filed Nov 5, 2025..

Risk
Moderate
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Open analytical workspace

Peer comparison

Cyclical / growth group

How QCOM stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.

CompanyScoreMacro
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Adobe Inc. ADBE3Supportive
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Applied Materials Inc. AMAT-2Supportive
IBM Corp. IBM-3Supportive
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Meta Platforms Inc. META-4Supportive
Uber Technologies UBER-4Supportive
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United Airlines Holdings UAL-5Supportive
Caterpillar Inc. CAT-5Supportive
Alibaba Group BABA-5Supportive
Comcast Corp. CMCSA-6Supportive
TJX Cos. TJX-6Supportive
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