NASDAQ · Semiconductors · Fiscal year endsFY ends September

QUALCOMM Incorporated

QCOM

$168.46+4.03 (+2.45%)Today

52-week low $121.99high $259.92

35.2% below its 52-week high

Next earningsNov 4, 2026 · after the close

Revenue by fiscal year, $ billions

+88% over the years shown (FY16–FY25)

Fiscal years · gold is the latest

23.6

FY16

22.3

FY17-6%

22.6

FY18+2%

24.3

FY19+7%

23.5

FY20-3%

33.6

FY21+43%

44.2

FY22+32%

35.8

FY23-19%

39.0

FY24+9%

44.3

FY25+14%

Ten years, as filed

Income, cash flow and balance sheet

$ billions · gold is the latest

$ billions	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income
Revenue	23.55	22.26^†	22.61^†	24.27	23.53	33.57	44.20	35.82	38.96	44.28
Revenue growth	-7%	-6%	+2%	+7%	-3%	+43%	+32%	-19%	+9%	+14%
Gross margin	58.6%	56.0%	54.7%	64.6%	60.7%	57.5%	57.8%	55.7%	56.2%	55.4%
Operating income	6.50	2.58^†	0.62^†	7.67	6.26	9.79	15.86	7.79	10.07	12.36
Operating margin	27.6%	11.6%	2.7%	31.6%	26.6%	29.2%	35.9%	21.7%	25.8%	27.9%
Net income	5.71	2.45^†	-4.96^†	4.39	5.20	9.04	12.94	7.23	10.14	5.54
Net margin	24.2%	11.0%	-22.0%	18.1%	22.1%	26.9%	29.3%	20.2%	26.0%	12.5%
Cash flow
Operating cash flow	7.63^†	5.00^†	3.91^†	7.29	5.81	10.54	9.10	11.30	12.20	14.01
Capital expenditure	0.54	0.69	0.78	0.89	1.41	1.89	2.26	1.45	1.04	1.19
Free cash flow (calculated)	7.09^†	4.31^†	3.12^†	6.40	4.41	8.65	6.83	9.85	11.16	12.82
Share repurchases	3.92	1.34	22.58	1.79	2.45	3.37	3.13	2.97	4.12	8.79
Balance sheet
Cash and equivalents	5.95	35.03	11.78	11.84	6.71	7.12	2.77	8.45	7.85	5.52
Total assets	52.36	65.50^†	32.72^†	32.96	35.59	41.24	49.01	51.04	55.15	50.14
Total equity	31.78	30.73^†	0.81	4.91	6.08	9.95	18.01	21.58	26.27	21.21

Source: QUALCOMM Incorporated's 10-K and 10-Q filings, from SEC EDGAR · fiscal years end in September.

Free cash flow is calculated by The Dispatch: operating cash flow minus capital expenditure.

† Restated: a later filing changed this figure. The newer number is shown.