QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. The company operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA,LTE and/or OFDMA-based 5G standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, and IoT, and investment for supporting the design and introduction of new products and services for voice and data communications, new industries, and applications. It also provides development, and other services and related products to the United States government agencies and their contractors. QUALCOMM Incorporated was incorpotared in 1985 and is headquartered in San Diego, California.

QUALCOMM Incorporated

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Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Total Revenues	44,284	43,257	42,285	40,695	38,962	37,348
Total Revenues %Chg	13.7%	15.8%	16.1%	12.1%	8.8%	-3.2%
Equipment and Services
Licensing
Cost of Sales	19,738	19,171	18,739	17,908	17,060	16,472
Cost of Revenues
Gross Profit	24,546	24,086	23,546	22,787	21,902	20,876
Gross Profit Margin	55.4%	55.7%	55.7%	56%	56.2%	55.9%
Selling, General & Administrative Expenses	3,110	2,961	2,854	2,855	2,759	2,627
Selling, General and Administrative
Research & Development Expenses	9,042	8,974	9,007	9,027	8,893	8,726
Research and Development
Other Operating Expenses	39	132	207	207	179	624
Other
Operating Profit	12,355	12,019	11,478	10,698	10,071	8,899
Operating Income
Operating Margin	27.9%	27.8%	27.1%	26.3%	25.8%	23.8%
Interest and Investment Income	972	943	811	993	962	951
Investment and Other Income, Net
Interest Expense	-664	-674	-674	-683	-697	-691
Interest Expense
Non-Operating Income	972	943	811	993	962	951
Investment and Other Income, Net
Total Non-Operating Income	1,280	1,212	948	1,303	1,227	1,211
Income Before Provision for Income Taxes	12,663	12,288	11,615	11,008	10,336	9,159
Income from Continuing Operations Before Income Taxes
Provision for Income Taxes	7,122	715	600	530	226	336
Income Tax Expense
Consolidated Net Income	5,541	11,573	11,015	10,478	10,110	8,823
Income from Continuing Operations
Net Income Attributable to Minority Interests and Other	—	—	—	—	—	—
Net Loss Attributable to Noncontrolling Interests
Net Income Attributable to Discontinued Operations	—	5	26	77	32	-111
Discontinued Operations, Net of Income Taxes
Net Income Attributable to Common Shareholders	5,541	11,578	11,041	10,555	10,142	8,712
Net Income Attributable to Qualcomm
Basic EPS	5.1	10.5	9.9	9.5	9.1	7.8
Diluted EPS	5	10.4	9.8	9.4	9	7.8
Basic Weighted Average Shares Outstanding	1,096	1,105.3	1,111.3	1,114.5	1,116	1,116.3
Total Shares Outstanding	1,074	1,084	1,100	1,106	1,113	1,116
Diluted Weighted Average Shares Outstanding	1,105	1,116.3	1,125	1,128.8	1,130	1,129
EBITDA	13,957	13,689	13,169	12,403	11,777	10,628
Effective Tax Rate	56.2%	5.8%	5.2%	4.8%	2.2%	3.7%