Financials · QCOM

QUALCOMM Incorporated (QCOM) financials

For fiscal 2026 (ended Sep 27, 2026), QUALCOMM Incorporated reported $43.12B of revenue and $13.63B of net income.

Revenue, FY2026
$43.12B
Revenue growth, YoY
-2.6%
Net income, FY2026
$13.63B
Net income growth, YoY
+145.9%
Net margin
31.6%
Free cash flow, FY2026
$8.65B
EPS, diluted, FY2026
$12.70
EPS growth, YoY
+153.5%
Cash
$4.64B
Total debt
$15.11B
P/E
12.99
P/S
4.10
Market cap
$176.99B
Annual revenue$43.12B
FY2017FY2026
Annual net income$13.63B
FY2017FY2026
Annual free cash flow$8.65B
FY2017FY2026

QCOM revenue and earnings growth

QCOM revenueQ4 2026$10.32B

Quarter YoY
-8.4%
QoQ
+3.8%
FY YoY
-2.6%
5Y CAGR
+5.1%
10Y CAGR
+6.2%

QCOM revenue was $10.32B in fiscal Q4 2026 (ended Sep 27, 2026), down 8.4% from a year earlier and up 3.8% from the prior quarter. For the full fiscal 2026 it was $43.12B, down 2.6% from fiscal 2025. Compound annual growth was +5.1% over 5 years and +6.2% over 10 years. It rose in 6 of the last 10 fiscal years.

QCOM net incomeQ4 2026$1.25B

QoQ
-37.5%
FY YoY
+145.9%
5Y CAGR
+8.5%
10Y CAGR
+9.1%

QCOM net income was $1.25B in fiscal Q4 2026 (ended Sep 27, 2026), compared with -$3.12B a year earlier and down 37.5% from the prior quarter. For the full fiscal 2026 it was $13.63B, up 145.9% from fiscal 2025. Compound annual growth was +8.5% over 5 years and +9.1% over 10 years. It rose in 5 of the last 7 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

QCOM EPSQ4 2026$1.17

QoQ
-37.4%
FY YoY
+153.5%
5Y CAGR
+10.0%
10Y CAGR
+12.8%

QCOM diluted EPS was $1.17 in fiscal Q4 2026 (ended Sep 27, 2026), compared with -$2.77 a year earlier and down 37.4% from the prior quarter. For the full fiscal 2026 it was $12.70, up 153.5% from fiscal 2025. Compound annual growth was +10.0% over 5 years and +12.8% over 10 years.

QCOM free cash flowQ4 2026$1.82B

Quarter YoY
-49.2%
QoQ
+268.5%
FY YoY
-32.5%
5Y CAGR
+0.0%
10Y CAGR
+2.0%

QCOM free cash flow was $1.82B in fiscal Q4 2026 (ended Sep 27, 2026), down 49.2% from a year earlier and up 268.5% from the prior quarter. For the full fiscal 2026 it was $8.65B, down 32.5% from fiscal 2025. Compound annual growth was +0.0% over 5 years and +2.0% over 10 years. It rose in 5 of the last 10 fiscal years.

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Income statement

Income statement
Line item
Sep 27, 2026
Sep 28, 2025
Sep 29, 2024
Sep 24, 2023
Sep 25, 2022
Sep 26, 2021
Sep 27, 2020
Sep 29, 2019
Sep 30, 2018
Sep 24, 2017
Revenue$43.12B$44.28B$38.96B$35.82B$44.20B$33.57B$23.53B$24.27B$22.61B$22.26B
Cost of revenue$20.22B$19.74B$17.06B$15.87B$18.64B$14.26B$9.26B$8.60B$10.24B$9.79B
Gross profit$22.90B$24.55B$21.90B$19.95B$25.57B$19.30B$14.28B$15.67B$12.37B$12.47B
Research and development$10.21B$9.04B$8.89B$8.82B$8.19B$7.18B$5.97B$5.40B$5.63B$5.49B
Selling, general and admin$3.70B$3.11B$2.76B$2.48B$2.57B$2.34B$2.07B$2.19B$2.99B$2.66B
Operating income$8.66B$12.36B$10.07B$7.79B$15.86B$9.79B$6.25B$7.67B$621.00M$2.58B
Interest expense$689.00M$664.00M$697.00M$694.00M$490.00M$559.00M$602.00M$627.00M$768.00M$494.00M
Pre-tax income$9.41B$12.66B$10.34B$7.44B$15.00B$10.27B$5.72B$7.48B$392.00M$2.99B
Income tax-$4.21B$7.12B$226.00M$104.00M$2.01B$1.23B$521.00M$3.10B$5.36B$543.00M
Net income$13.63B$5.54B$10.14B$7.23B$12.94B$9.04B$5.20B$4.39B-$4.96B$2.44B
EPS, basic$12.81$5.05$9.09$6.47$11.52$7.99$4.58$3.63-$3.39$1.66
EPS, diluted$12.70$5.01$8.97$6.42$11.37$7.87$4.52$3.59-$3.39$1.64
Diluted shares1.07B1.10B1.13B1.13B1.14B1.15B1.15B1.22B1.46B1.49B

Balance sheet

Balance sheet
Line item
Sep 27, 2026
Sep 28, 2025
Sep 29, 2024
Sep 24, 2023
Sep 25, 2022
Sep 26, 2021
Sep 27, 2020
Sep 29, 2019
Sep 30, 2018
Sep 24, 2017
Cash and equivalents$4.64B$5.52B$7.85B$8.53B$3.10B$7.12B$6.71B$11.84B$11.78B$37.03B
Short-term investments$3.04B$4.63B$5.45B$2.87B$3.61B$5.30B$4.51B$421.00M$311.00M$2.28B
Receivables$2.67B$2.85B$2.35B$1.92B$4.17B$2.21B$2.69B$1.05B$2.67B$3.58B
Inventory$8.64B$6.53B$6.42B$6.42B$6.34B$3.23B$2.60B$1.40B$1.69B$2.04B
Current assets$22.27B$25.75B$25.23B$22.46B$20.72B$20.07B$18.52B$16.77B$17.38B$43.59B
Goodwill$16.37B$11.36B$10.80B$10.64B$10.51B$7.25B$6.32B$6.28B$6.50B$6.62B
Total assets$60.83B$50.14B$55.15B$51.04B$49.01B$41.24B$35.59B$32.96B$32.72B$65.50B
Current liabilities$11.98B$9.14B$10.50B$9.63B$11.87B$11.95B$8.67B$8.94B$11.39B$10.94B
Short-term debt$2.49B$0$1.36B$914.00M$1.95B$2.04B$500.00M$2.50B$1.00B$2.50B
Long-term debt$12.62B$14.81B$13.27B$14.48B$13.54B$13.70B$15.23B$13.44B$15.37B-
Total debt$15.11B$14.81B$14.63B$15.40B$15.48B$15.74B$15.73B$15.93B$16.37B$20.89B
Total liabilities$30.43B$28.94B$28.88B$29.46B$31.00B$31.29B$29.52B$28.05B$31.91B$34.77B
Shareholders' equity$30.40B$21.21B$26.27B$21.58B$18.01B$9.95B$6.08B$4.91B$807.00M$30.73B

Cash flow

Cash flow
Line item
Sep 27, 2026
Sep 28, 2025
Sep 29, 2024
Sep 24, 2023
Sep 25, 2022
Sep 26, 2021
Sep 27, 2020
Sep 29, 2019
Sep 30, 2018
Sep 24, 2017
Operating cash flow$11.14B$14.01B$12.20B$11.30B$9.10B$10.54B$5.81B$7.29B$3.91B$5.00B
Capital expenditures$2.49B$1.19B$1.04B$1.45B$2.26B$1.89B$1.41B$887.00M$784.00M$690.00M
Free cash flow$8.65B$12.82B$11.16B$9.85B$6.83B$8.65B$4.41B$6.40B$3.12B$4.31B
Investing cash flow-$2.04B-$800.00M-$3.62B$762.00M-$5.80B-$3.36B-$5.26B-$806.00M$2.38B$20.46B
Financing cash flow-$12.29B-$13.20B-$9.27B-$6.66B-$7.20B-$6.80B-$5.71B-$6.39B-$31.50B$5.57B
Share repurchases$7.82B$8.79B$4.12B$2.97B$3.13B$3.37B$2.45B$1.79B$22.58B$1.34B
Stock-based compensation$3.45B$2.78B$2.65B$2.48B$2.03B$1.66B$1.21B$1.04B$883.00M$914.00M
Depreciation and amortization$1.63B$1.60B$1.71B$1.81B$1.76B$1.58B$1.39B$1.40B$1.56B$1.46B

Key ratios

Key ratios
Line item
Sep 27, 2026
Sep 28, 2025
Sep 29, 2024
Sep 24, 2023
Sep 25, 2022
Sep 26, 2021
Sep 27, 2020
Sep 29, 2019
Sep 30, 2018
Sep 24, 2017
Revenue growth, YoY-2.6%13.7%8.8%-19.0%31.7%42.6%-3.1%7.4%1.6%-5.5%
Net income growth, YoY145.9%-45.4%40.2%-44.1%43.0%74.0%18.5%---57.1%
EPS growth, YoY153.5%-44.1%39.7%-43.5%44.5%74.1%25.9%---57.0%
Gross margin53.1%55.4%56.2%55.7%57.8%57.5%60.7%64.6%54.7%56.0%
Operating margin20.1%27.9%25.8%21.7%35.9%29.2%26.6%31.6%2.7%11.6%
Net margin31.6%12.5%26.0%20.2%29.3%26.9%22.1%18.1%-22.0%11.0%
Free cash flow margin20.1%28.9%28.6%27.5%15.5%25.8%18.7%26.4%13.8%19.4%
Return on equity44.8%26.1%38.6%33.5%71.8%90.9%85.5%89.3%-615.1%8.0%
Return on assets22.4%11.1%18.4%14.2%26.4%21.9%14.6%13.3%-15.2%3.7%
Current ratio1.862.822.402.331.751.682.141.881.533.98
Debt to equity0.500.700.560.710.861.582.593.2520.290.68

Source: XBRL data QUALCOMM Incorporated files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

QCOM peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
QCOM$43.12B-2.6%$13.63B31.6%$176.99B
MSI$12.60B+11.4%$2.08B16.5%$85.07B
NOK€19.89B+3.5%€651.00M3.3%$43.99B
UI$3.27B+27.2%$960.30M29.3%$35.87B
ERICSEK 236.68B-4.5%SEK 28.43B12.0%$34.57B
PL$378.28M+44.1%-$359.87M-95.1%$4.56B
ONDS$174.10M+979.3%$167.06M96.0%$3.11B
VISN$1.63B+10.9%$8.19B504.0%$1.27B
HLIT$360.52M-26.2%-$43.31M-12.0%$1.04B

QCOM FAQ

9 questions
  • What is QCOM revenue?
    QUALCOMM Incorporated (QCOM) reported $43.12B of revenue for fiscal 2026 (ended Sep 27, 2026). That is down 2.6% from the year before.
  • Is QCOM profitable?
    Yes. QUALCOMM Incorporated earned $13.63B in net income for fiscal 2026 (ended Sep 27, 2026), a net margin of 31.6%.
  • How much cash and debt does QCOM have?
    QUALCOMM Incorporated reported $4.64B in cash and cash equivalents and $15.11B of debt on its most recent balance sheet in SEC filings.
  • How fast is QCOM revenue growing?
    QUALCOMM Incorporated's revenue changed -2.6% in fiscal 2026, to $43.12B. Its compound annual growth rate was +5.1% over 5 years and +6.2% over 10 years.
  • What is QCOM gross margin?
    QUALCOMM Incorporated's gross profit was $22.90B on $43.12B of revenue for fiscal 2026 (ended Sep 27, 2026), a gross margin of 53.1%.
  • What is QCOM free cash flow?
    QUALCOMM Incorporated generated $8.65B of free cash flow for fiscal 2026 (ended Sep 27, 2026), which is operating cash flow of $11.14B less capital expenditures.
  • What is QCOM earnings per share?
    Diluted earnings per share were $12.70 for fiscal 2026 (ended Sep 27, 2026), from SEC filings, restated for any stock split those filings show.
  • When did QCOM last report financial results?
    The latest statements here come from QUALCOMM Incorporated's 10-K filed on Nov 4, 2026, covering the period ended Sep 27, 2026.
  • Where does this QCOM financial data come from?
    Quantisnow builds these statements from the structured XBRL data QUALCOMM Incorporated files with the SEC. It is provided for information only and is not investment advice.