Qualcomm Incorporated is a leading technology company that operates primarily through its semiconductor and licensing businesses. The company develops and supplies integrated circuits and system software based on 3G/4G/5G technologies for mobile devices, automotive systems, and IoT products, significantly contributing to its revenue . Qualcomm also grants licenses for its intellectual property, including essential patent rights for wireless products . Additionally, the company engages in strategic investments and acquisitions to expand its market reach beyond mobile handsets, including automotive and IoT sectors .
- QCT (Qualcomm CDMA Technologies) - Develops and supplies integrated circuits and system software for mobile devices, automotive systems, and IoT products, leveraging 3G/4G/5G technologies.
- QTL (Qualcomm Technology Licensing) - Grants licenses for Qualcomm's intellectual property, including essential patent rights for wireless products.
- QSI (Qualcomm Strategic Initiatives) - Focuses on strategic investments to support the company's expansion into new markets and technologies.
You might also like
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Cristiano R. Amon ExecutiveBoard | President and CEO | Board Member at Adobe Inc. | Joined Qualcomm in 1995; became CEO in June 2021. Previously served as President and held various leadership roles, including overseeing Snapdragon platforms. | View Report → |
Akash Palkhiwala Executive | CFO and COO | None | Joined Qualcomm in 2001. Became CFO in November 2019 and COO in January 2024. Played a key role in Qualcomm's financial strategy and operations. | |
Dr. Baaziz Achour Executive | CTO | None | Appointed CTO on February 3, 2025, succeeding Dr. James H. Thompson. Previously served as Deputy CTO. | |
Ann M. Livermore Board | Director | Board Member at Samsara Inc. and Hewlett Packard Enterprise Co. | Director since 2016. Former executive at Hewlett-Packard Company with expertise in technology and business management. | |
Anthony J. Vinciquerra Board | Director | Chairman and CEO of Sony Pictures Entertainment; Board Member at Madison Square Garden Sports Corp. | Director since 2015. CEO of Sony Pictures Entertainment and former President of Fox Networks Group. | |
Irene B. Rosenfeld Board | Director | None | Director since 2018. Former Chairman and CEO of Mondel\u0113z International and Frito-Lay. | |
Jamie S. Miller Board | Director | None | Director since 2020. Former CFO of General Electric and Cargill, with extensive financial and operational expertise. | |
Jean-Pascal Tricoire Board | Director | Chairman of Schneider Electric SE; Director of UN Global Compact | Director since 2020. Chairman of Schneider Electric SE and a leader in sustainability and energy management. | |
Jeffrey W. Henderson Board | Director | Board Member at Becton, Dickinson and Company, Halozyme Therapeutics, Inc., and FibroGen, Inc. | Director since 2016. Former CFO of Cardinal Health and held leadership roles at Eli Lilly and General Motors. | |
Kornelis (Neil) Smit Board | Director | None | Director since 2018. Former Vice Chairman of Comcast Corporation and CEO of Comcast Cable Communications. | |
Marie Myers Board | Director | EVP and CFO at Hewlett Packard Enterprise Company | Director since October 2024. Former CFO of HP Inc. and UiPath, with expertise in finance and digital transformation. | |
Mark D. McLaughlin Board | Chair of the Board | Board Member at Snowflake Inc. and Rubrik, Inc. | Chair of Qualcomm's Board since 2015. Former CEO of Palo Alto Networks and held leadership roles at VeriSign. | |
Mark Fields Board | Director | Board Member at Lam Research Corporation and Hertz Global Holdings, Inc. | Director since 2018. Former CEO of Ford Motor Company and Interim CEO of Hertz. | |
Sylvia Acevedo Board | Director | None | Director since November 2023. Known for her advocacy for underserved communities and expertise in ESG and social matters. | |
James H. Thompson | Retired CTO (Advisory Role) | None | Retired as CTO on February 3, 2025, after 32 years at Qualcomm. Now serves in an advisory role. |
- Given your guidance that China Android revenues are expected to grow by more than 40% sequentially, can you explain the factors driving this significant increase and how it impacts your other major OEM customers?
- Your QCT IoT revenues have shown strong year-over-year growth, but you're also forecasting a sequential decline consistent with previous years; can you clarify the drivers behind both the growth and the anticipated decline, and how sustainable is this performance?
- With the upcoming ARM dispute trial in December, can you discuss the potential risks to your custom CPU design rights and how a negative outcome might affect your product roadmap and business strategy?
- Chipset gross margins appear to be guided slightly lower for Q1; is this due to increased wafer costs or changes in product mix, and how should we think about your gross margin trajectory moving forward?
- Considering the acceleration of flagship Android handset launches and your strong performance in non-smartphone areas, how sustainable is the double-digit revenue growth into the March quarter, and what factors could impact this momentum?
Research analysts who have asked questions during QUALCOMM INC/DE earnings calls.
Joshua Buchalter
TD Cowen
4 questions for QCOM
Samik Chatterjee
JPMorgan Chase & Co.
4 questions for QCOM
Stacy Rasgon
Bernstein Research
4 questions for QCOM
Christopher Caso
Wolfe Research
3 questions for QCOM
Ross Seymore
Deutsche Bank
3 questions for QCOM
Tal Liani
Bank of America
3 questions for QCOM
Timothy Arcuri
UBS
3 questions for QCOM
Joseph Moore
Morgan Stanley
2 questions for QCOM
Ben Reitzes
Melius Research LLC
1 question for QCOM
Chris Caso
Wolfe Research LLC
1 question for QCOM
Christopher Rolland
Susquehanna Financial Group
1 question for QCOM
CJ Muse
Cantor Fitzgerald
1 question for QCOM
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Current competitors include companies such as this one, which competes with respect to some, but not all, of the company's businesses or product lines. | |
HiSilicon | Current competitors include companies such as this one, which competes with respect to some, but not all, of the company's businesses or product lines. |
MediaTek | Current competitors include companies such as this one, which competes with respect to some, but not all, of the company's businesses or product lines. |
Current competitors include companies such as this one, which competes with respect to some, but not all, of the company's businesses or product lines. | |
Current competitors include companies such as this one, which competes with respect to some, but not all, of the company's businesses or product lines. | |
Current competitors include companies such as this one, which competes with respect to some, but not all, of the company's businesses or product lines. | |
Current competitors include companies such as this one, which competes with respect to some, but not all, of the company's businesses or product lines. | |
Samsung | Current competitors include companies such as this one, which competes with respect to some, but not all, of the company's businesses or product lines. |
Current competitors include companies such as this one, which competes with respect to some, but not all, of the company's businesses or product lines. | |
Current competitors include companies such as this one, which competes with respect to some, but not all, of the company's businesses or product lines. | |
UNISOC | Current competitors include companies such as this one, which competes with respect to some, but not all, of the company's businesses or product lines. |
The company faces competition from products internally developed by customers, including some of the largest customers, such as this one, which may develop their own integrated circuit products. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Apple | Buys modem products from Qualcomm; also developing own modem technology | All | ≥ 10% of total FY2024 revenue ($38,962 million ) ⇒ ≥ $3,896 million |
Samsung | Purchases integrated circuit products from Qualcomm; also competes via vertical integration | All | ≥ 10% of total FY2024 revenue ($38,962 million ) ⇒ ≥ $3,896 million |
Xiaomi | Purchases Qualcomm’s integrated circuit products for premium-tier handsets | All | ≥ 10% of total FY2024 revenue ($38,962 million ) ⇒ ≥ $3,896 million |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Veoneer, Inc. | 2022 | Completed on April 1, 2022, this deal involved a total cash consideration of approximately $4.7 billion with Qualcomm acquiring Arriver’s business and integrating its advanced computer vision and driver assistance technologies into its Snapdragon automotive platform, while SSW Partners retained and is planning the sale of the Non-Arriver businesses supported by additional funding of about $300 million. |
Recent press releases and 8-K filings for QCOM.
- China’s State Administration for Market Regulation has launched an antitrust investigation into Qualcomm’s acquisition of Israeli chipmaker Autotalks, completed in June 2025 after a more than two-year process.
- Autotalks specializes in vehicle-to-everything (V2X) communication technology supporting DSRC and C-V2X (LTE & 5G), aligning with Qualcomm’s strategy to expand its Snapdragon Digital Chassis lineup.
- Qualcomm paid $80–90 million for Autotalks, a steep discount to an earlier valuation of around $350 million.
- The probe is part of broader US–China trade tensions, which include new port fees, rare-earth export restrictions, and a halt on US soybean purchases ahead of a summit between Presidents Trump and Xi Jinping, and has weighed on Qualcomm’s stock.
- Qualcomm has acquired Italy-based open-source hardware and software company Arduino to expand its presence in automation, robotics, and edge computing.
- Arduino, with over 33 million active users, is widely used by both students and professional engineers for electronic prototypes and DIY projects.
- The deal will integrate Qualcomm’s chip technologies into Arduino’s platform, including the launch of the Arduino UNO Q microcontroller powered by Qualcomm’s Dragonwing QRB2210 processor for AI-powered solutions.
- Arduino will retain its independent brand and support chips from multiple providers, and Qualcomm will introduce AppLab, a new coding tool to bridge robotics and AI development languages.
- Automotive revenues on track for $4 billion in 2025, with a ~40% 5-year CAGR and a target of $9 billion by 2030
- Revenue mix evolving from connectivity and cockpit toward higher-value ADAS compute, securing 20 OEM design wins to date
- Introduction of a Flex Gen5 SoC to run infotainment and ADAS concurrently on one chip; first deployment with LeapMotor mid-2026
- Arriver acquisition (2022) enables in-house automotive software stack; global stack launching year-end across 60+ countries, co-developed with BMW
- Industrial IoT business now > $1 billion, organized into five segments (connectivity, camera, processors, robotics/drones) with a solutions-focused go-to-market
- Q3 EPS beat at $2.77, surpassing expectations.
- Handset revenue of $6.3 billion (vs. $6.4 billion expected) and automotive revenue of $984 million (vs. $1 billion expected) led to a mixed top line.
- Analyst price targets were raised ahead of the report: JPMorgan to $200 (Overweight), UBS to $165 (Neutral), and Citi to $170 (Neutral).
- Market cap stands at $173.92 billion with 79.96% institutional ownership, reflecting strong investor confidence.
- New product development: Qualcomm is advancing its Snapdragon 8s Elite chip with custom Oryon cores on TSMC’s 3nm process to broaden access to flagship performance.
- Qualcomm reported $10.4 billion in Q3 FY2025 revenues, up 10% year-over-year, with GAAP EPS of $2.43 and non-GAAP EPS of $2.77.
- QCT segment revenues rose 11% to $9.0 billion, driven by record QCT Automotive and a 24% increase in IoT, while QTL licensing revenues grew 4% to $1.32 billion.
- Combined Automotive and IoT revenues in QCT grew 23% year-over-year, underscoring Qualcomm’s diversification strategy.
- Returned $3.8 billion to shareholders in the quarter, including $967 million in dividends and $2.8 billion for repurchasing 19 million shares.
- Provided Q4 FY2025 guidance for revenues between $10.3 billion and $11.1 billion and non-GAAP diluted EPS of $2.75 to $2.95.
- Qualcomm aims to achieve a 50/50 revenue split between handsets and non-handset segments by the end of the decade.
- The company announced the strategic AlphaWave deal to enhance data center capabilities by integrating wired connectivity with its high-performance and AI-focused chip portfolio.
- In automotive, Qualcomm is expanding its footprint in ADAS and digital cockpit, targeting $8 billion in revenue by fiscal 2029.
- The CFO highlighted a strong focus on the PC market with rising market share and a transition to AI-powered devices, projecting a 12% share of TAM and approximately $4 billion in revenue over the next several years.
- Qualcomm will acquire UK-based Alphawave for $2.4 billion, a 96% premium over its pre-announcement share price; deal expected to close in Q1 2026 pending approvals.
- Alphawave’s board unanimously recommended the transaction, with ~50% of shares pledged in favor and 75% required for completion.
- The acquisition bolsters Qualcomm’s data center and AI strategy by integrating Alphawave’s high-speed connectivity technologies and enhancing its Oryon CPU and Hexagon NPU capabilities.
- Alphawave’s recent exit from its Chinese JV WiseWeave may ease regulatory clearance.
- **Qualcomm, its subsidiary Bidco, and Alphawave IP Group reached an agreement on the terms of a recommended acquisition of Alphawave, with each shareholder set to receive a cash offer of $2.48 per share or alternative equity-based offers.
- The deal could result in the issuance of up to 15,575,072 Qualcomm Shares, representing approximately 1.4% of the company's outstanding shares as of late April 2025.
- The filing includes forward-looking statements addressing uncertainties such as acquisition timing, conditions, and regulatory approvals, emphasizing the associated risks.
- QUALCOMM's 8-K filing announces the issuance of debt notes under an underwriting agreement, with total amounts of $500M at 4.500% due 2030, $400M at 4.750% due 2032, and $600M at 5.000% due 2035.
- The filing confirms the execution of the related Officers’ Certificate and outlines key underwriting and covenant terms under the Indenture dated May 20, 2015, supporting the public offering.
- Reported strong Q2 fiscal 2025 results with non-GAAP revenues of $10.8B () and GAAP revenues of $10.98B (), alongside non-GAAP EPS of $2.85 and GAAP EPS of $2.52.
- The QCT segment drove performance with +59% growth in Automotive and +27% growth in IoT revenues ().
- Launched innovative products including the Snapdragon 8 Elite and x85 modem for advanced AI and 5G applications ( ).
- Advanced Industrial IoT initiatives with two strategic acquisitions and expanded partnerships, such as the collaboration with Palantir ().
- Returned $2.7 billion to stockholders through dividends and share repurchases, underscoring robust capital management ( ).