Company Analysis

QUALCOMM Incorporated (QCOM)

Nasdaq: QCOM · Radio & Tv Broadcasting & Communications Equipment · San Diego, CA · filing with the SEC since 1995
Grade6.7
◀ Past 6.5● Present 7.4▶ Future 6.1

The grade of QUALCOMM Incorporated

Nine metrics read from its own filings, by tense
Headline grade
6.7/10
◀ Past6.530% of the headline
● Present7.440% of the headline
▶ Future6.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.5/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
5.5/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2018-08-01.

weight 33% of this tense · 55th percentile among 21 sector filers · read for itself

From the record

QUALCOMM Incorporated's filings since 2017 show 2 warning events: a debt default or acceleration notice (8-K item 2.04, 2 times, the latest 2018-08-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.3/10

What has it actually done, year after year?

+7.6% a year over 10 filed years; profitable in 9 of 10.

weight 45% of this tense · 63rd percentile among 21 sector filers · read for its customers

From the record

QUALCOMM Incorporated's 10 filed years say what it did: revenue went from $22 billion in fiscal 2017 to $43 billion in fiscal 2026, up 7.6% a year; it rose in 6 of 9 years; the deepest fall was 19% from fiscal 2022 to fiscal 2023; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span7.6%top 45% of its family
  • the share of years revenue rosetop 43% of its family
  • the share of filed years with a profittop 14% of its family
  • the deepest fall from a revenue peak19.0%top 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
8.2/10

How has it treated the people who own it?

Share count shrank 1.6% a year. 55% of cash flow returned. Insiders: 115 sales, 0 purchases.

weight 22% of this tense · 82nd percentile among 12 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-09-27, QUALCOMM Incorporated's diluted share count shrank about 1.6% a year, and dividends and buybacks returned about 55% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 115 sales (114 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-09 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 7% of its family
  • cash returned against operating cash flowtop 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

7.4/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
7.8/10

Is it financially healthy right now?

ROE 45%: 45¢ of profit per shareholder dollar. Leverage 50%: owes 50¢ per asset dollar.

weight 45% of this tense · 78th percentile among 21 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-09-27, QUALCOMM Incorporated earned about 45 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 38 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 50 cents per dollar of assets, and net share issuance: its share count shrank 2.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 50% of its family
  • return on equitytop 12% of its family
  • gross profit against assetstop 24% of its family
  • the share count against the year beforetop 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.9/10

How strong is its position in its industry?

top 21% of 21 in its family; net margin 31.6%.

weight 33% of this tense · 79th percentile among 21 sector filers · read for its customers

From the record

QUALCOMM Incorporated's standing among 21 graded names in its industry family: revenue of $43 billion in fiscal 2026 ranks in the top 3% by size; a net margin of 31.6% ranks in the top 7%; revenue growth of 6.4% a year over the last 3 filed years ranks in the bottom 48% (its annual reports).

What it rests on

  • revenue against the family$43.12Btop 3% of its family
  • net margin31.6%top 7% of its family
  • three-year revenue growth6.4%bottom 48% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
6.0/10

What are the people in charge doing?

top 40% of 13 in its family for leadership; chief executive since 2021.

weight 22% of this tense · 60th percentile among 13 sector filers · read for its shareholders

From the record

QUALCOMM Incorporated's leadership, from its insiders' filings and its current reports: the chief executive on the record is Amon, Cristiano R (President & CEO, as filed), filing under that title since 2021-09-27, 5.1 years (bottom 27% of its family); the 20 officers and directors filing in the last fifteen months have been on the record a median of 6.6 years (top 19%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 20 people in charge now (top 28%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge8 in three years among 20 peopletop 28% of its family
  • the median years the people in charge have filed6.6 yearstop 19% of its family
  • the chief executive's years on the record5.1 yearsbottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.4/10

How much room does it have to grow?

top 36% of 21 in its family for room to expand.

weight 45% of this tense · 64th percentile among 21 sector filers · read for itself

From the record

QUALCOMM Incorporated's room to grow, from the newest filed statements (fiscal 2026): cash of $4.6 billion against debt of $13 billion leaves -13.1% of its assets as net cash, bottom 17% of its family; cash from operations less capital spending is 20.1% of revenue (top 21%); a gross margin of 53.1% (top 8%); research spending of 23.7% of revenue (top 31%) (its annual report).

What it rests on

  • cash less debt against assets-13.1%bottom 17% of its family
  • cash from operations less capital spending against revenue20.1%top 21% of its family
  • gross margin53.1%top 8% of its family
  • research spending against revenue23.7%top 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
6.2/10

What could actually drive growth from here?

top 38% of 21 in its family for growth drivers.

weight 33% of this tense · 62nd percentile among 21 sector filers · read for its customers

From the record

QUALCOMM Incorporated's growth drivers, from the filed years to fiscal 2026: revenue grew 6.4% a year over the last three filed years against 7.6% over all 10, slowing (top 45% of its family); the newest year grew -2.6% (bottom 26%); research spending grew 5% a year (top 21%); capital spending grew 19.8% a year (top 13%) (its annual reports). QUALCOMM Incorporated tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-1.3 points a yeartop 45% of its family
  • the newest year's revenue growth-2.6%bottom 26% of its family
  • three-year growth of research spending5.0%top 21% of its family
  • three-year growth of capital spending19.8%top 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.2/10

Did its newest year beat what its own record pointed to?

top 48% of 19 in its family for expectations against reality.

weight 22% of this tense · 52nd percentile among 19 sector filers · read for its shareholders

From the record

QUALCOMM Incorporated's newest year against its own record: revenue of $43 billion in fiscal 2026 came in 12.4% below the $49 billion its prior three years' pace pointed to (bottom 18% of its family); net income of $14 billion against a prior three-year average of $7.6 billion (top 22%); a net margin of 31.6% against 19.6% before (top 39%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-12.4%bottom 18% of its family
  • net income against the prior three years' average+78%top 22% of its family
  • net margin against its prior average+12.0 pointstop 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton QCOM · research, not advice