QCOMQualcomm

Technology · Communications Equipment · Nasdaq

We incorporated in California in 1985 and reincorporated in Delaware in 1991. 10-K, Item 1

Headquarters: San Diego, CA
CEO: Cristiano R. Amon
Next results: around Feb 3, 2027

QCOM and 9 peers, year by year

The 9 Technology companies closest to QCOM in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
QCOM Qualcomm	FY2026	$43.1B	−2.6%	-	20.1%	31.6%	20.1%	44.8%	0.43
CRM Salesforce	FY2025	$41.5B	+9.6%	77.7%	20.1%	18.0%	34.7%	12.6%	0.24
HPE Hewlett Packard Enterprise	FY2025	$34.3B	+13.8%	-	−1.3%	0.2%	1.8%	0.2%	1.07
AMD Advanced Micro Devices	FY2025	$34.6B	+34.3%	49.5%	10.7%	12.5%	19.4%	6.9%	0.07
JBL Jabil	FY2026	$36.0B	+20.6%	9.2%	4.7%	2.9%	3.8%	64.6%	2.09
APH Amphenol	FY2025	$23.1B	+51.7%	36.9%	25.4%	18.5%	19.0%	31.8%	1.16
SMCI Supermicro	FY2026	$39.1B	+77.8%	10.8%	7.1%	5.7%	−17.8%	15.4%	0.28
FLEX Flex Ltd.	FY2026	$27.9B	+8.1%	9.2%	4.9%	3.2%	3.8%	17.1%	0.73
AMAT Applied Materials	FY2025	$28.4B	+4.4%	48.7%	29.2%	24.7%	20.1%	34.3%	0.32
SNDK Sandisk	FY2026	$20.2B	+175%	71.5%	61.2%	56.5%	56.8%	72.7%	0.00

Revenuepeer median $34.3B

Sales growthpeer median +20.6%

Gross marginpeer median 42.8%

Operating marginpeer median 10.7%

Net marginpeer median 12.5%

FCF marginpeer median 19.0%

Return on equitypeer median 17.1%

Debt / equitypeer median 0.32

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2017 to FY2026

Revenue as reported in the 10-K.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
QCOM Sep	$22.3B	$22.6B	$24.3B	$23.5B	$33.6B	$44.2B	$35.8B	$39.0B	$44.3B	$43.1B
CRM Jan	$8.4B	$10.5B	$13.3B	$17.1B	$21.3B	$26.5B	$31.4B	$34.9B	$41.5B	-
HPE Oct	$28.9B	$30.9B	$29.1B	$27.0B	$27.8B	$28.5B	$29.1B	$30.1B	$34.3B	-
AMD Dec	$5.3B	$6.5B	$6.7B	$9.8B	$16.4B	$23.6B	$22.7B	$25.8B	$34.6B	-
JBL Aug	$19.1B	$22.1B	$25.3B	$27.3B	$29.3B	$33.5B	$34.7B	$28.9B	$29.8B	$36.0B
APH Dec	$7.0B	$8.2B	$8.2B	$8.6B	$10.9B	$12.6B	$12.6B	$15.2B	$23.1B	-
SMCI Jun	$2.5B	$3.4B	$3.5B	$3.3B	$3.6B	$5.2B	$7.1B	$15.0B	$22.0B	$39.1B
FLEX Mar	$23.9B	$25.4B	$26.2B	$24.2B	$24.1B	$24.6B	$28.5B	$26.4B	$25.8B	$27.9B
AMAT Oct	$14.7B	$16.7B	$14.6B	$17.2B	$23.1B	$25.8B	$26.5B	$27.2B	$28.4B	-
SNDK Jul	-	-	-	-	-	-	$6.1B	$6.7B	$7.4B	$20.2B
Peer median	$11.6B	$13.6B	$13.9B	$17.1B	$22.2B	$25.2B	$26.5B	$26.4B	$28.4B	$31.9B

Sales growth, FY2017 to FY2026

Revenue against the fiscal year before.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
QCOM Sep	−5.4%	+1.6%	+7.4%	−3.1%	+42.6%	+31.7%	−19.0%	+8.8%	+13.7%	−2.6%
CRM Jan	+25.9%	+24.9%	+26.0%	+28.7%	+24.3%	+24.7%	+18.3%	+11.2%	+9.6%	-
HPE Oct	−4.7%	+6.9%	−5.6%	−7.4%	+3.0%	+2.6%	+2.2%	+3.4%	+13.8%	-
AMD Dec	+21.6%	+23.3%	+4.0%	+45.0%	+68.3%	+43.6%	−3.9%	+13.7%	+34.3%	-
JBL Aug	+3.9%	+15.9%	+14.4%	+7.8%	+7.4%	+14.3%	+3.7%	−16.8%	+3.2%	+20.6%
APH Dec	+11.5%	+17.0%	+0.3%	+4.5%	+26.5%	+16.1%	−0.5%	+21.3%	+51.7%	-
SMCI Jun	+11.7%	+35.2%	+4.2%	−4.6%	+6.5%	+46.1%	+37.1%	+110%	+46.6%	+77.8%
FLEX Mar	−2.3%	+6.6%	+3.0%	−7.6%	−0.4%	+7.9%	+15.7%	−7.3%	−2.3%	+8.1%
AMAT Oct	+34.3%	+13.7%	−12.6%	+17.8%	+34.1%	+11.8%	+2.8%	+2.5%	+4.4%	-
SNDK Jul	-	-	-	-	-	-	-	+9.5%	+10.4%	+175%
Peer median	+11.6%	+16.4%	+3.5%	+6.2%	+15.9%	+15.2%	+3.2%	+9.5%	+10.4%	+49.2%

Gross margin, FY2017 to FY2026

Gross profit / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
QCOM Sep	-	-	-	-	-	-	-	-	-	-
CRM Jan	73.5%	73.7%	74.0%	75.2%	74.4%	73.5%	73.3%	75.5%	77.7%	-
HPE Oct	-	-	-	-	-	-	-	-	-	-
AMD Dec	33.5%	37.8%	42.6%	44.5%	48.2%	44.9%	46.1%	49.4%	49.5%	-
JBL Aug	8.1%	7.7%	7.6%	7.1%	8.1%	7.9%	8.3%	9.3%	8.9%	9.2%
APH Dec	32.9%	32.4%	31.8%	31.0%	31.3%	31.9%	32.5%	33.8%	36.9%	-
SMCI Jun	14.1%	12.8%	14.2%	15.8%	15.0%	15.4%	18.0%	13.8%	11.1%	10.8%
FLEX Mar	6.4%	6.3%	5.8%	5.5%	7.0%	7.2%	6.9%	7.1%	8.4%	9.2%
AMAT Oct	45.0%	45.0%	43.7%	44.7%	47.3%	46.5%	46.7%	47.5%	48.7%	-
SNDK Jul	-	-	-	-	-	-	7.1%	16.1%	30.1%	71.5%
Peer median	32.9%	32.4%	31.8%	31.0%	31.3%	31.9%	25.3%	24.9%	33.5%	10.0%

Operating margin, FY2017 to FY2026

Operating income / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
QCOM Sep	11.6%	2.7%	31.6%	26.6%	29.2%	35.9%	21.7%	25.8%	27.9%	20.1%
CRM Jan	2.6%	4.3%	4.0%	1.7%	2.1%	2.1%	3.3%	14.4%	20.1%	-
HPE Oct	2.0%	5.6%	4.4%	−1.2%	4.1%	2.7%	7.2%	7.3%	−1.3%	-
AMD Dec	2.4%	7.0%	9.4%	14.0%	22.2%	5.4%	1.8%	7.4%	10.7%	-
JBL Aug	2.2%	2.5%	2.8%	1.8%	3.6%	4.2%	4.4%	7.0%	4.0%	4.7%
APH Dec	20.4%	20.6%	19.7%	19.1%	19.4%	20.5%	20.4%	20.7%	25.4%	-
SMCI Jun	3.8%	2.8%	2.8%	2.6%	3.5%	6.5%	10.7%	8.1%	5.7%	7.1%
FLEX Mar	-	-	-	1.7%	3.3%	3.6%	3.6%	3.2%	4.5%	4.9%
AMAT Oct	26.8%	26.9%	22.9%	25.4%	29.9%	30.2%	28.9%	28.9%	29.2%	-
SNDK Jul	-	-	-	-	-	-	−33.4%	−7.0%	−18.7%	61.2%
Peer median	2.6%	5.6%	4.4%	2.2%	3.8%	4.8%	4.4%	7.4%	5.7%	6.0%

Net margin, FY2017 to FY2026

Net income / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
QCOM Sep	11.0%	−22.0%	18.1%	22.1%	26.9%	29.3%	20.2%	26.0%	12.5%	31.6%
CRM Jan	3.8%	3.4%	8.4%	0.7%	19.2%	5.5%	0.7%	11.9%	18.0%	-
HPE Oct	1.2%	6.2%	3.6%	−1.2%	12.3%	3.0%	7.0%	8.6%	0.2%	-
AMD Dec	−0.6%	5.2%	5.1%	25.5%	19.2%	5.6%	3.8%	6.4%	12.5%	-
JBL Aug	0.7%	0.4%	1.1%	0.2%	2.4%	3.0%	2.4%	4.8%	2.2%	2.9%
APH Dec	9.3%	14.7%	14.0%	14.0%	14.6%	15.1%	15.4%	15.9%	18.5%	-
SMCI Jun	2.7%	1.4%	2.1%	2.5%	3.1%	5.5%	9.0%	7.7%	4.8%	5.7%
FLEX Mar	1.3%	1.7%	0.4%	0.4%	2.5%	3.8%	2.8%	3.8%	3.2%	3.2%
AMAT Oct	23.9%	18.2%	18.5%	21.0%	25.5%	25.3%	25.9%	26.4%	24.7%	-
SNDK Jul	-	-	-	-	-	-	−35.2%	−10.1%	−22.3%	56.5%
Peer median	2.0%	4.3%	4.3%	1.6%	13.5%	5.5%	3.8%	7.7%	4.8%	4.4%

Free cash flow, FY2017 to FY2026

Cash from operations minus capital spending.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
QCOM Sep	$4.3B	$3.1B	$6.4B	$4.4B	$8.6B	$6.8B	$9.8B	$11.2B	$12.8B	$8.7B
CRM Jan	$1.7B	$2.2B	$2.8B	$3.7B	$4.1B	$5.3B	$6.3B	$9.5B	$14.4B	-
HPE Oct	−$1.8B	$8.0M	$1.1B	−$143.0M	$3.4B	$1.5B	$1.6B	$2.0B	$627.0M	-
AMD Dec	−$101.0M	−$129.0M	$276.0M	$777.0M	$3.2B	$3.1B	$1.1B	$2.4B	$6.7B	-
JBL Aug	−$2.2B	−$2.1B	$188.0M	$274.0M	$274.0M	$266.0M	$704.0M	$932.0M	$1.2B	$1.4B
APH Dec	$917.6M	$802.1M	$1.2B	$1.3B	$1.2B	$1.8B	$2.2B	$2.1B	$4.4B	-
SMCI Jun	−$125.6M	$59.5M	$237.7M	−$74.7M	$64.9M	−$486.0M	$626.8M	−$2.6B	$1.5B	−$7.0B
FLEX Mar	−$4.3B	−$4.4B	−$3.7B	−$2.0B	−$207.0M	$581.0M	$315.0M	$796.0M	$1.1B	$1.1B
AMAT Oct	$3.4B	$3.2B	$2.8B	$3.4B	$4.8B	$4.6B	$7.6B	$7.5B	$5.7B	-
SNDK Jul	-	-	-	-	-	-	−$932.0M	−$475.0M	−$120.0M	$11.5B
Peer median	−$113.3M	$33.8M	$708.5M	$525.5M	$2.2B	$1.6B	$1.1B	$2.0B	$1.5B	$1.2B

FCF margin, FY2017 to FY2026

Free cash flow / revenue.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
QCOM Sep	19.4%	13.8%	26.4%	18.7%	25.8%	15.5%	27.5%	28.6%	28.9%	20.1%
CRM Jan	20.1%	20.9%	21.1%	21.6%	19.2%	19.9%	20.1%	27.2%	34.7%	-
HPE Oct	−6.2%	0.0%	3.9%	−0.5%	12.1%	5.2%	5.5%	6.6%	1.8%	-
AMD Dec	−1.9%	−2.0%	4.1%	8.0%	19.6%	13.2%	4.9%	9.3%	19.4%	-
JBL Aug	−11.4%	−9.7%	0.7%	1.0%	0.9%	0.8%	2.0%	3.2%	3.9%	3.8%
APH Dec	13.1%	9.8%	14.7%	15.3%	10.8%	14.2%	17.2%	14.1%	19.0%	-
SMCI Jun	−5.1%	1.8%	6.8%	−2.2%	1.8%	−9.4%	8.8%	−17.4%	7.0%	−17.8%
FLEX Mar	−18.2%	−17.4%	−14.1%	−8.2%	−0.9%	2.4%	1.1%	3.0%	4.1%	3.8%
AMAT Oct	23.4%	18.9%	19.2%	19.7%	20.7%	17.9%	28.6%	27.6%	20.1%	-
SNDK Jul	-	-	-	-	-	-	−15.3%	−7.1%	−1.6%	56.8%
Peer median	−3.5%	0.9%	5.4%	4.5%	11.5%	9.2%	5.5%	6.6%	7.0%	3.8%

Return on equity, FY2017 to FY2026

Net income / shareholders' equity at the year end.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
QCOM Sep	8.0%	n/m	89.3%	85.5%	90.9%	71.8%	33.5%	38.6%	26.1%	44.8%
CRM Jan	3.9%	3.5%	7.1%	0.4%	9.8%	2.5%	0.4%	6.9%	12.6%	-
HPE Oct	1.5%	9.0%	6.1%	−2.0%	17.2%	4.4%	9.6%	10.4%	0.2%	-
AMD Dec	−5.5%	26.6%	12.1%	42.7%	42.2%	2.4%	1.5%	2.9%	6.9%	-
JBL Aug	5.5%	4.4%	15.2%	3.0%	32.6%	40.6%	28.5%	79.9%	43.4%	64.6%
APH Dec	16.3%	30.0%	25.5%	22.3%	25.2%	27.1%	23.1%	24.8%	31.8%	-
SMCI Jun	8.6%	5.5%	7.6%	7.9%	10.2%	20.0%	32.5%	21.3%	16.6%	15.4%
FLEX Mar	12.1%	14.2%	3.1%	3.1%	17.8%	22.7%	14.8%	18.9%	16.8%	17.1%
AMAT Oct	36.5%	44.4%	32.9%	34.2%	48.1%	53.5%	41.9%	37.8%	34.3%	-
SNDK Jul	-	-	-	-	-	-	−18.7%	−6.1%	−17.8%	72.7%
Peer median	7.1%	11.6%	9.9%	5.5%	21.5%	21.3%	14.8%	18.9%	16.6%	40.9%

Debt / equity, FY2017 to FY2026

Total debt / shareholders' equity at the year end.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
QCOM Sep	0.66	n/m	2.84	2.59	1.43	0.78	0.67	0.51	0.70	0.43
CRM Jan	0.24	0.17	0.20	0.08	0.06	0.18	0.18	0.16	0.24	-
HPE Oct	0.58	0.55	0.79	1.04	0.71	0.65	0.62	0.90	1.07	-
AMD Dec	2.46	1.09	0.17	0.06	0.04	0.05	0.06	0.03	0.07	-
JBL Aug	0.87	1.29	1.32	1.51	1.35	1.17	1.00	1.66	1.91	2.09
APH Dec	0.89	0.89	0.80	0.72	0.76	0.65	0.52	0.70	1.16	-
SMCI Jun	0.21	0.14	0.03	0.03	0.09	0.42	0.15	0.09	0.02	0.28
FLEX Mar	1.12	0.98	1.03	1.01	1.11	1.02	0.69	0.61	0.74	0.73
AMAT Oct	0.55	0.78	0.72	0.52	0.45	0.45	0.34	0.37	0.32	-
SNDK Jul	-	-	-	-	-	-	-	0.00	0.20	0.00
Peer median	0.73	0.83	0.76	0.62	0.58	0.55	0.43	0.37	0.32	0.50

EPS (diluted), FY2017 to FY2026

Diluted earnings per share, on today's share count after splits.

Company	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
QCOM Sep	$1.64	−$3.39	$3.59	$4.52	$7.87	$11.37	$6.42	$8.97	$5.01	$12.70
CRM Jan	$0.46	$0.49	$1.43	$0.15	$4.38	$1.48	$0.21	$4.20	$7.80	-
HPE Oct	$0.21	$1.23	$0.77	−$0.25	$2.58	$0.66	$1.54	$1.93	−$0.04	-
AMD Dec	−$0.03	$0.32	$0.30	$2.06	$2.57	$0.84	$0.53	$1.00	$2.65	-
JBL Aug	$0.69	$0.49	$1.81	$0.35	$4.58	$6.90	$6.02	$11.17	$5.92	$9.75
APH Dec	$0.26	$0.48	$0.47	$0.49	$0.64	$0.77	$0.78	$0.96	$1.67	-
SMCI Jun	$0.13	$0.09	$0.14	$0.16	$0.21	$0.53	$1.14	$1.92	$1.68	$3.26
FLEX Mar	$0.59	$0.80	$0.18	$0.17	$1.21	$1.94	$1.72	$2.28	$2.11	$2.33
AMAT Oct	$3.25	$2.96	$2.86	$3.92	$6.40	$7.44	$8.11	$8.61	$8.66	-
SNDK Jul	-	-	-	-	-	-	−$14.78	−$4.63	−$11.32	$73.76
Peer median	$0.36	$0.49	$0.62	$0.26	$2.58	$1.16	$1.14	$1.93	$2.11	$6.50

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out QCOM and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

Work on QCOM in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/QCOM/export.csv") into a cell.