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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.
- 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.
- Broadcom - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
- HiSilicon - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
- MediaTek - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
- Mobileye - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
- Nvidia - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
- NXP Semiconductors - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
- Qorvo - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
- Samsung - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives; also a customer developing its own integrated circuit products .
- Skyworks - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
- Texas Instruments - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
- UNISOC - Competes in integrated circuits based on CDMA, OFDMA, Wi-Fi or their derivatives .
- Apple - A customer developing its own integrated circuit products, effectively making it a competitor .
| 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 |
Recent developments and announcements about QCOM.
Corporate Leadership
Leadership Change
Dr. James H. Thompson, the Chief Technology Officer (CTO) of Qualcomm Technologies, Inc., is leaving his position effective February 3, 2025. He announced his intention to retire on December 10, 2024. Dr. Thompson will continue with the company in an advisory role post-retirement. Dr. Baaziz Achour, currently the Deputy CTO, will step up as the CTO-elect immediately and will officially take over as CTO upon Dr. Thompson's retirement .