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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.
| 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?
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.
- 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 ( ).
- QUALCOMM held its 2025 Annual Meeting on March 18, 2025, during which stockholders voted on five proposals, including director elections and ratification of PwC as the independent public accountants for the fiscal year ending September 28, 2025.
- The results showed strong support for most proposals, such as the director election, advisory vote on executive compensation, and approval of the amended and restated 2023 Long-Term Incentive Plan with a 22,950,000 share increase, while the stockholder proposal to "Protect Retirement Benefits" was not approved.