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

The biggest changes in the 10-K filed 2026-11-04, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Net income

+145.9% Big change FY to 2026-09-27 vs 2025-09-28

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Operating margin

27.9% → 20.1% (-7.8 pts) Big change FY to 2026-09-27 vs 2025-09-28

“The increase in research and development expenses in fiscal 2026 was primarily due to:”
Read it in the 10-K ↗

“The increase in selling, general and administrative expenses in fiscal 2026 was primarily due to:”
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Cash from operations

-20.5% Big change FY to 2026-09-27 vs 2025-09-28

“Net changes in our operating assets and liabilities decreased our operating cash flows primarily driven by an increase in inventory to secure supply and mitigate disruptions due to supply constraints, partially offset by a decrease in other assets which was primarily due to the utilization of prior advanced supply agreement payments.”
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Revenue

-2.6% FY to 2026-09-27 vs 2025-09-28

“QCT revenues decreased by 3% in fiscal 2026 compared to the prior year, due to lower handsets revenues, partially offset by higher automotive and IoT revenues.”
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“The decrease in revenues in fiscal 2026 was primarily due to:”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

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.