QCOMNasdaqRadio & Tv Broadcasting & Communications EquipmentFiscal year ends September 27
QUALCOMM INC/DE
Financials through Q3 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Jul 29, 2026
$173.53+1.42 (+0.83%)
Close on Oct 19, 2026
- Market cap
- $185.50B
- P/E (TTM)
- 20.1
- Dividend yield
- 2.01%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
55.4%−5.2 pts over 5 years
Operating margin
27.9%+1.3 pts over 5 years
Net margin
12.5%−9.6 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +13.7% | +0.1% | +13.5% | +5.8% | |
| Gross profit | +12.1% | -1.3% | +11.4% | +5.1% | |
| Operating income | +22.7% | -8.0% | +14.6% | +7.9% | |
| Net income | -45.4% | -24.6% | +1.3% | +0.5% | |
| EPS, diluted | -44.1% | -23.9% | +2.1% | +4.5% | |
| Free cash flow | +14.9% | +23.3% | +23.8% | +11.0% | |
| Dividend per share | +5.5% | +6.8% | +6.5% | +6.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 18.1% | – | – | |
| Return on assets | 11.1% | 15.2% | 10.5% | |
| Current ratio | 3.14 | 2.14 | 2.82 | |
| Debt to equity | – | – | – | |
| Net debt to EBITDA | – | 1.18× | 0.67× | |
| Interest coverage | 21.9× | 10.4× | 18.6× | |
| Inventory turnover | 6.4× | 4.6× | 3.0× | |
| Capex to revenue | 2.3% | 6.0% | 2.7% | |
| Diluted shares | 1.50B | 1.15B | 1.10B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Qualcomm generated $57.15B from operations and spent $30.21B on capital expenditure, dividends and share buybacks. 26% of that went back into the business.
Generated
$57.15B
Used
$30.21B
Capital expenditure$7.83B26%Dividends$00%Share buybacks$22.38B74%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin18.1%
×Asset turnover0.74×
×Equity multiplier11.49×
=Return on equity, FY2019153.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2019 | 18.1% | 0.74× | 11.49× | 153.5% |
| FY2018 | -22.0% | 0.46× | 3.11× | -31.5% |
| FY2017 | 11.0% | 0.38× | 1.89× | 7.8% |
| FY2016 | 24.2% | 0.46× | 1.63× | 18.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$5.54B
- Cash generatingOperating cash flow above zero$14.01B
- Return on assets improvedROA up on the prior year19.9% → 10.0%
- Earnings backed by cashOperating cash flow above net income$14.01B vs $5.54B
- Less leverageLong-term debt to assets fell24.1% → 29.5%
- Better liquidityCurrent ratio rose2.40 → 2.82
- No dilutionShare count did not rise1.13B → 1.10B
- Gross margin improvedGross margin up on the prior year56.21% → 55.43%
- More efficientAsset turnover rose0.76 → 0.80