In fiscal 2026, which ended Sep 27, 2026, Qualcomm INC/DE reported revenue of $43.1 billion, down 2.6% from the year before. Net income was $13.6 billion, a profit margin of 31.6%. Operating income came to $8.7 billion, an operating margin of 20.1%. Diluted earnings per share were $12.70. Across the 10 fiscal years shown, revenue grew from $22.3 billion in fiscal 2017 to $43.1 billion in fiscal 2026, about 7.6% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Sep 27, 2026
|
FY 2025
Sep 28, 2025
|
FY 2024
Sep 29, 2024
|
FY 2023
Sep 24, 2023
|
FY 2022
Sep 25, 2022
|
FY 2021
Sep 26, 2021
|
FY 2020
Sep 27, 2020
|
FY 2019
Sep 29, 2019
|
FY 2018
Sep 30, 2018
|
FY 2017
Sep 24, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
43,120
-2.6%
|
44,284
+13.7%
|
38,962
+8.8%
|
35,820
-19.0%
|
44,200
+31.7%
|
33,566
+42.6%
|
23,531
-3.1%
|
24,273
+7.4%
|
22,611
+1.6%
|
22,258
-5.5%
|
| Cost of revenue |
20,222
+2.5%
|
19,738
+15.7%
|
17,060
+7.5%
|
15,869
-14.8%
|
18,635
+30.7%
|
14,262
+54.1%
|
9,255
+7.6%
|
8,599
-16.1%
|
10,244
+4.6%
|
9,792
+0.4%
|
| Gross profit |
22,898
-6.7%
|
24,546
+12.1%
|
21,902
+9.8%
|
19,951
-22.0%
|
25,565
+32.4%
|
19,304
+35.2%
|
14,276
-8.9%
|
15,674
+26.7%
|
12,367
-0.8%
|
12,466
-9.7%
|
| Research and development |
10,207
+12.9%
|
9,042
+1.7%
|
8,893
+0.9%
|
8,818
+7.6%
|
8,194
+14.2%
|
7,176
+20.1%
|
5,975
+10.7%
|
5,398
-4.0%
|
5,625
+2.6%
|
5,485
+6.5%
|
| Selling, general and administrative |
3,701
+19.0%
|
3,110
+12.7%
|
2,759
+11.1%
|
2,483
-3.4%
|
2,570
+9.9%
|
2,339
+12.8%
|
2,074
-5.5%
|
2,195
-26.5%
|
2,986
+12.3%
|
2,658
+11.4%
|
| Other operating income (expense) |
-332
-751.3%
|
-39
+78.2%
|
-179
+79.2%
|
-862
-181.4%
|
1,059
|
0
-100.0%
|
28
+106.8%
|
-414
+86.8%
|
-3,135
-80.0%
|
-1,742
-870.8%
|
| Operating expenses |
14,240
|
12,191
+3.0%
|
11,831
-2.7%
|
12,163
+25.3%
|
9,705
+2.0%
|
9,515
|
8,021
+0.2%
|
8,007
|
11,746
+18.8%
|
9,885
|
| Operating income |
8,658
-29.9%
|
12,355
+22.7%
|
10,071
+29.3%
|
7,788
-50.9%
|
15,860
+62.0%
|
9,789
+56.5%
|
6,255
-18.4%
|
7,667
+1134.6%
|
621
-75.9%
|
2,581
-60.3%
|
| Interest expense |
689
+3.8%
|
664
-4.7%
|
697
+0.4%
|
694
+41.6%
|
490
-12.3%
|
559
-7.1%
|
602
-4.0%
|
627
-18.4%
|
768
+55.5%
|
494
+66.3%
|
| Other income (expense) |
1,445
+48.7%
|
972
+1.0%
|
962
+175.6%
|
349
|
—
|
—
|
—
|
—
|
—
|
—
|
| Pretax income |
9,414
-25.7%
|
12,663
+22.5%
|
10,336
+38.9%
|
7,443
-50.4%
|
14,998
+46.0%
|
10,274
+79.6%
|
5,719
-23.6%
|
7,481
+1808.4%
|
392
-86.9%
|
2,987
-56.3%
|
| Income tax |
-4,214
-159.2%
|
7,122
+3051.3%
|
226
+117.3%
|
104
-94.8%
|
2,012
+63.4%
|
1,231
+136.3%
|
521
-83.2%
|
3,095
-42.2%
|
5,356
+886.4%
|
543
-52.0%
|
| Net income |
13,628
+145.9%
|
5,541
-45.4%
|
10,142
+40.2%
|
7,232
-44.1%
|
12,936
+43.0%
|
9,043
+74.0%
|
5,198
+18.5%
|
4,386
+188.4%
|
-4,964
-303.0%
|
2,445
-57.1%
|
| Basic EPS |
12.81
+153.7%
|
5.05
-44.4%
|
9.09
+40.5%
|
6.47
-43.8%
|
11.52
+44.2%
|
7.99
+74.5%
|
4.58
+26.2%
|
3.63
+207.1%
|
-3.39
-304.2%
|
1.66
-56.8%
|
| Diluted EPS |
12.70
+153.5%
|
5.01
-44.1%
|
8.97
+39.7%
|
6.42
-43.5%
|
11.37
+44.5%
|
7.87
+74.1%
|
4.52
+25.9%
|
3.59
+205.9%
|
-3.39
-306.7%
|
1.64
-57.0%
|
| Weighted average shares, basic |
1,064
-2.9%
|
1,096
-1.8%
|
1,116
-0.1%
|
1,117
-0.5%
|
1,123
-0.7%
|
1,131
-0.4%
|
1,135
-6.2%
|
1,210
-17.3%
|
1,463
-0.9%
|
1,477
-0.5%
|
| Weighted average shares, diluted |
1,073
-2.9%
|
1,105
-2.2%
|
1,130
+0.4%
|
1,126
-1.0%
|
1,137
-1.0%
|
1,149
+0.0%
|
1,149
-5.8%
|
1,220
-16.6%
|
1,463
-1.8%
|
1,490
-0.5%
|
| Other measures | ||||||||||
| Depreciation and amortization |
1,630
+1.7%
|
1,602
-6.1%
|
1,706
-5.7%
|
1,809
+2.7%
|
1,762
+11.4%
|
1,582
+13.6%
|
1,393
-0.6%
|
1,401
-10.2%
|
1,561
+6.8%
|
1,461
+2.3%
|
| EBITDA |
10,288
-26.3%
|
13,957
+18.5%
|
11,777
+22.7%
|
9,597
-45.5%
|
17,622
+55.0%
|
11,371
+48.7%
|
7,648
-15.7%
|
9,068
+315.6%
|
2,182
-46.0%
|
4,042
-49.0%
|
| Interest coverage |
12.57x
|
18.61x
|
14.45x
|
11.22x
|
32.37x
|
17.51x
|
10.39x
|
12.23x
|
0.81x
|
5.22x
|
| Margins | ||||||||||
| Gross margin |
53.10%
|
55.43%
|
56.21%
|
55.70%
|
57.84%
|
57.51%
|
60.67%
|
64.57%
|
54.69%
|
56.01%
|
| Operating margin |
20.08%
|
27.90%
|
25.85%
|
21.74%
|
35.88%
|
29.16%
|
26.58%
|
31.59%
|
2.75%
|
11.60%
|
| Pretax margin |
21.83%
|
28.59%
|
26.53%
|
20.78%
|
33.93%
|
30.61%
|
24.30%
|
30.82%
|
1.73%
|
13.42%
|
| Profit margin |
31.60%
|
12.51%
|
26.03%
|
20.19%
|
29.27%
|
26.94%
|
22.09%
|
18.07%
|
-21.95%
|
10.98%
|
| EBITDA margin |
23.86%
|
31.52%
|
30.23%
|
26.79%
|
39.87%
|
33.88%
|
32.50%
|
37.36%
|
9.65%
|
18.16%
|
| Effective tax rate |
-44.76%
|
56.24%
|
2.19%
|
1.40%
|
13.42%
|
11.98%
|
9.11%
|
41.37%
|
1,366.33%
|
18.18%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Radio & Tv Broadcasting & Communications Equipment (SIC 3663)
- Listed as
- QCOM (Nasdaq)
- Fiscal year ends
- September 27
- Incorporated in
- DE
- Headquarters
- San Diego, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 804328
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.