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Qualcomm

Logo: Original: Qualcomm, Public domain, via Wikimedia Commons5

American semiconductor company

Qualcomm Incorporated is an American multinational technology corporation headquartered in San Diego, California. The company develops and designs technologies for global communications and computing, including next-generation mobile networks, smart devices, and semiconductors — such as mobile processors and artificial intelligence chips.3 From Wikipedia, CC BY-SA 4.0

$178.51 up 5.89 (3.41%)Price as of Oct 15, 2026 at 19:45 UTC

Last updated Oct 16, 2026.

Overview

$44.3BRevenue, fiscal 20256
$5.5BNet income, fiscal 20256
Jul 1985Founded1

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  • TickerQCOM on Nasdaq1
  • Industryradio, semiconductor industry, telecommunications1
  • HeadquartersSan Diego1
  • Founded inSan Diego1
  • Websiteconsumerrights.wiki/w/Qualcomm
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address5775 Morehouse Dr, San Diego, Ca 921217
  • Filer categoryLarge accelerated filer7
Qualcomm headquarters
Photo: Coolcaesar at en.wikipedia, CC BY-SA 3.0, via Wikimedia Commons9

Qualcomm Incorporated is an American multinational technology corporation headquartered in San Diego, California. The company develops and designs technologies for global communications and computing, including next-generation mobile networks, smart devices, and semiconductors — such as mobile processors and artificial intelligence chips. The company holds essential patents for global mobile communication standards including 5G, 4G, CDMA2000, TD-SCDMA and WCDMA.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

27.9%Operating margin6
12.5%Net margin6
13.7%Revenue growth, 20256
26.1%Return on equity6
0.70×Debt to equity6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

QCT brought in 87% of the revenue Qualcomm broke down this way in fiscal 2025.

  1. QCT$38.4B687%up 16% from 2024
  2. QTL$5.6B613%up 0% from 2024
Business segments by year
Business segments202320242025
QCT$30.4B$33.2B$38.4B
QTL$5.3B$5.6B$5.6B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue44¢$19.7B
  • Research and development20¢$9.0B
  • Selling, general and admin7¢$3.1B
  • Interest1¢$664.0M
  • Income tax16¢$7.1B
  • Profit12¢$5.5B

Out of $44.3B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Share buybacks63¢$8.8B
  • Kept or used elsewhere37¢$5.2B

Out of $14.0B of cash from operations.6

Financial statements

Revenue10111213146$44.3B in 2025+96% since 2018
0$20.0B$40.0B$60.0B2018: $22.6B$22.6B20182019: $24.3B$24.3B2019+7%2020: $23.5B$23.5B2020−3%2021: $33.6B$33.6B2021+43%2022: $44.2B$44.2B2022+32%2023: $35.8B$35.8B2023−19%2024: $39.0B$39.0B2024+9%2025: $44.3B$44.3B2025+14%
Operating income10111213146$12.4B in 2025+1890% since 2018
0$5.0B$10.0B$15.0B$20.0B2018: $621.0M$621.0M20182019: $7.7B$7.7B2019+1135%2020: $6.3B$6.3B2020−18%2021: $9.8B$9.8B2021+56%2022: $15.9B$15.9B2022+62%2023: $7.8B$7.8B2023−51%2024: $10.1B$10.1B2024+29%2025: $12.4B$12.4B2025+23%
Net income10111213146$5.5B in 2025
-$5.0B0$5.0B$10.0B$15.0B2018: -$5.0B-$5.0B20182019: $4.4B$4.4B20192020: $5.2B$5.2B2020+19%2021: $9.0B$9.0B2021+74%2022: $12.9B$12.9B2022+43%2023: $7.2B$7.2B2023−44%2024: $10.1B$10.1B2024+40%2025: $5.5B$5.5B2025−45%

Every line of the income statement in the latest annual report, as filed.6

Period ending2025-09-302024-09-302023-09-30
Equipment and services$37.9B$32.8B$30.0B
Licensing$6.4B$6.2B$5.8B
Total revenues$44.3B$39.0B$35.8B
Cost of revenues$19.7B$17.1B$15.9B
Research and development$9.0B$8.9B$8.8B
Selling, general and administrative$3.1B$2.8B$2.5B
Other (Note 2)$39.0M$179.0M$862.0M
Total costs and expenses$31.9B$28.9B$28.0B
Operating income$12.4B$10.1B$7.8B
Interest expense-$664.0M-$697.0M-$694.0M
Investment and other income, net$972.0M$962.0M$349.0M
Income from continuing operations before income taxes$12.7B$10.3B$7.4B
Income tax expense-$7.1B-$226.0M-$104.0M
Income from continuing operations$5.5B$10.1B$7.3B
Discontinued operations, net of income taxes$0$32.0M-$107.0M
Net income$5.5B$10.1B$7.2B
Basic earnings per share, Continuing operations$5$9$7
Basic earnings per share, Discontinued operations$0$0-$0
Earnings Per Share, Basic, Total$5.05$9.09$6.47
Diluted earnings per share, Continuing operations$5$9$7
Diluted earnings per share, Discontinued operations$0$0-$0
Earnings Per Share, Diluted, Total$5.01$8.97$6.42
Basic1.1B shares1.1B shares1.1B shares
Diluted1.1B shares1.1B shares1.1B shares

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The story

Founded by Andrew Viterbi and Irwin M. Jacobs on Jul 1985, in San Diego.1

History

Early history

Qualcomm was established on July 1, 1985 by seven former Linkabit employees led by Irwin Jacobs. Other co-founders included Andrew Viterbi, Franklin Antonio, Adelia Coffman, Andrew Cohen, Klein Gilhousen, and Harvey White. The company was named Qualcomm for "Quality Communications". It started as a contract research and development center largely for government and defense projects.

Qualcomm merged with Omninet in 1988 and raised $3.5 million in funding to produce the Omnitracs satellite communications system for trucking companies. Qualcomm grew from eight employees in 1986 to 620 employees in 1991, due to demand for Omnitracs. By 1989, Qualcomm had $32 million in revenue, 50 percent of which was from an Omnitracs contract with Schneider National. Omnitracs profits helped fund Qualcomm's research and development into code-division multiple access (CDMA) technologies for cell phone networks.

1990–2015

Qualcomm was operating at a loss in the 1990s due to its investment in CDMA research. To obtain funding, the company filed an initial public offering in September 1991, raising $68 million. An additional $486 million was raised in 1995 through the sale of 11.5 million more shares. The second funding round was done to raise money for the mass manufacturing of CDMA-based phones, base-stations, and equipment, after most US-based cellular networks announced they would adopt the CDMA standard. The company had $383 million in annual revenue in 1995 and $814 million by 1996.

In 1998, Qualcomm was restructured, leading to a 700-employee layoff. Its base station and cell-phone manufacturing businesses were spun-off in order to focus on its higher-margin patents and chipset businesses. Since the base station division was losing $400M a year (having never sold another base station after making its 10th sale), profits skyrocketed in the following year, and Qualcomm was the fastest growing stock on the market with a 2,621 percent growth over one year. By 2000, Qualcomm had grown to 6,300 employees, $3.2 billion in revenues, and $670 million in profit. 39 percent of its sales were from CDMA technology, followed by licensing (22%), wireless (22%), and other products (17%). Around this time, Qualcomm established offices in Europe, Asia Pacific, and in the Americas. By 2001, 65 percent of Qualcomm's revenues originated from outside the United States with 35 percent coming from South Korea.

In 2005, Paul E. Jacobs, son of Qualcomm founder Irwin Jacobs, was appointed as Qualcomm's new CEO. Whereas Irwin Jacobs focused on CDMA patents, Paul Jacobs refocused much of Qualcomm's new research and development on projects related to the Internet of things. In the same year they acquired Flarion Technologies, a developer of wireless broadband Orthogonal Frequency Division Multiplex Access (OFDMA) technology.

Qualcomm announced Steven Mollenkopf would succeed Paul Jacobs as CEO in December 2013. Mollenkopf said he would expand Qualcomm's focus to wireless technology for cars, wearable devices, and other new markets.

2015–2024: NXP, Broadcom and Nuvia

Qualcomm announced its intent to acquire NXP Semiconductors for $47 billion in October 2016. The deal was approved by U.S. antitrust regulators in April 2017 with some standard-essential patents excluded to get the deal approved.

As the NXP acquisition was ongoing, Broadcom made a $103 billion offer to acquire Qualcomm, and Qualcomm rejected the offer. Broadcom attempted a hostile takeover, and raised its offer, eventually to $121 billion. The potential Broadcom acquisition was investigated by the U.S. Committee on Foreign Investment and blocked by an executive order from U.S. President Donald Trump, citing national security concerns.

Read the full text

Qualcomm's NXP acquisition then became a part of the 2018 China–United States trade war. U.S. president Donald Trump blocked China-based ZTE Corporation from buying American-made components, such as those from Qualcomm. The ZTE restriction was lifted after the two countries reached an agreement, but then Trump raised tariffs against Chinese goods. Qualcomm extended a tender offer to NXP at least 29 times pending Chinese approval, before abandoning the deal in July 2018.

In January 2021, Qualcomm appointed its president and chip division head Cristiano Amon as its new chief executive.

In January 2021, Qualcomm announced it would acquire Nuvia, a server CPU startup founded in early 2019 by ex-Apple and ex-Google architects, for approximately $1.4 billion. The acquisition was completed in March 2021, and it was announced that its first products would be laptop CPUs, shipping in the second half of 2022.

In March 2022, Qualcomm acquired the advanced driver-assistance systems and autonomous driving software brand Arriver from the investment company SSW Partners.

In June 2022, Qualcomm acquired Israeli startup Cellwize through its investment arm Qualcomm Ventures.

In August 2022, Bloomberg News reported that Qualcomm was planning to return to server CPU market based on Nuvia's product. Later that month, Arm Ltd. announced that it sued Qualcomm and Nuvia for breaching license agreements and trademark violations. Arm cited that the chip designs using Arm licenses developed by Nuvia could not be transferred to its parent Qualcomm without permission. Qualcomm indicated that its licenses with Arm cover custom-designed processors.

In January 2023, the company announced a new partnership with Salesforce to develop a connected vehicle platform for automakers using the Snapdragon digital chassis.

In May 2023, Qualcomm announced its intent to purchase Israeli fabless chipmaking company Autotalks for a reported $350–400 million. The purchase is subject to review by the Competition and Markets Authority. In March 2024, it was announced by the Federal Trade Commission that Qualcomm's proposed acquisition of Autotalks has been terminated.

In September 2023, the company announced that it had signed a contract rumored to be worth $75 million per year for its Snapdragon brand to be the primary shirt sponsor for English football club Manchester United starting with the 2024–25 season, replacing German company TeamViewer.

In October 2023, Qualcomm introduced the Snapdragon X series, a computing platform for Windows PCs which includes a custom ARM-based Oryon CPU (from Nuvia acquisition), a GPU, and a dedicated neural processing unit.

In October 2024, Qualcomm announced that the Qualcomm-Microsoft exclusive protocol will be expired on December 25, 2024, allows Windows on ARM devices can adapt ARM CPUs other than Qualcomm Snapdragon.

In October 2024, Arm Ltd. said it would cancel Qualcomm's chip design license in an escalation of the dispute over the acquisition of Nuvia. In December 2024, a U.S. federal jury ruled partially in Qualcomm's favor, finding that its designs were properly licensed under an agreement with Arm. However, the jury was deadlocked on one of three issues raised, resulting in a mistrial on that specific point. In February 2025, Arm withdrew its efforts to terminate Qualcomm's chip-licensing agreement.

2025–present: Further acquisitions

In April 2025, Qualcomm acquired Movian AI, the generative AI unit of Vietnamese research company VinAI.

Qualcomm acquired Autotalks through its subsidiary, Qualcomm Technologies, Inc on the 5th of June 2025 for an undisclosed amount. Autotalks is an Israeli fabless semiconductor company founded in 2008, specializing in vehicle-to-everything (V2X) communications.

Qualcomm agreed to acquire British semiconductor maker of high-speed wired connectivity, Alphawave IP Group, for $2.4 billion in June 2025, with the intention to expand into data centre and AI infrastructure markets.

Qualcomm acquired Arduino in October 2025, an Italian company specialising in single-board microcontrollers and microcontroller kits for an undisclosed amount. At the same time, Arduino announced the Uno Q, which uses the Qualcomm QRB2210 system on a chip, intended for AI and graphical workloads.

In December 2025, it was announced that Qualcomm had acquired Ventana Micro Systems, a company specialising in CPU designs based on the open RISC-V instruction set architecture. The acquisition is intended to enhance Qualcomm's CPU engineering capabilities and complement its existing development of custom Oryon processors. Financial terms of the deal were not disclosed.

In March 2026, Qualcomm launched a new chip for new devices using Android. This is to support the growing interest from tech companies with new gadget concepts. That same year, Qualcomm acquired Modular for $3.9 billion.

Early history

In mid-1985, Qualcomm was hired by Hughes Aircraft to provide research and testing for a satellite network proposal to the Federal Communications Commission (FCC). The following year, Qualcomm filed its first CDMA patent (No. 4,901,307). This patent established Qualcomm's overall approach to CDMA and later became one of the most frequently cited technical documents in history. The project with the FCC was scrapped in 1988, when the FCC told all twelve vendors that submitted proposals to form a joint venture to create a single proposal.

Qualcomm further developed the CDMA techniques for commercial use and submitted them to the Cellular Telephone Industries Association (CTIA) in 1989 as an alternative to the time-division multiple access (TDMA) standard for second-generation cell-phone networks. A few months later, CTIA officially rejected Qualcomm's CDMA standard in favor of the more established TDMA standard developed by Ericsson.

At the time, CDMA wasn't considered viable in high-volume commercial applications due to the near-far field effect, whereby phones closer to a cell tower with a stronger signal drown out callers that are further away and have a weaker signal. Qualcomm filed three additional patents in 1989. They were for: a power management system that adjusts the signal strength of each call to adjust for the near-far field effect; a "soft handoff" methodology for transferring callers from one cell-tower to the next; and a variable rate encoder, which reduces bandwidth usage when a caller isn't speaking.

From Wikipedia’s article on Qualcomm, shared under CC BY-SA 4.0.8

Leadership

Who has led Qualcomm, and when. Pick a name to see everywhere that person has worked.

Products and brands

  • Binary Runtime Environment for Wireless
  • Qualcomm Snapdragon
  • computer hardware
  • networking hardware
  • software

Listed on Wikidata.1

Manufacturing

Initially, Qualcomm's manufacturing operations were limited to a small ASIC design and manufacturing team to support the Omnitracs system. Qualcomm was forced to expand into manufacturing in the 1990s in order to produce the hardware carriers needed to implement CDMA networks that used Qualcomm's intellectual property. Qualcomm's first large manufacturing project was in May 1993, in a deal to provide 36,000 CDMA phones to US West.

For a time, Qualcomm experienced delays and other manufacturing problems, because it was inexperienced with mass manufacturing. In 1994, Qualcomm partnered with Northern Telecom and formed a joint partnership with Sony, in order to leverage their manufacturing expertise. Nokia, Samsung and Motorola introduced their own CDMA phones in 1997. Qualcomm's manufacturing business was losing money due to large capital equipment costs and declining prices caused by competition. Also, in March 1997, after Qualcomm introduced its Q phone, Motorola initiated a lawsuit (settled out of court in 2000) for allegedly copying the design of its Startac phone.

In December 1999, Qualcomm sold its manufacturing interests to Kyocera Corporation, a Japanese CDMA manufacturer and Qualcomm licensee. Qualcomm's infrastructure division was sold to competitor Ericsson in 1999 as part of an out-of-court agreement for a CDMA patent dispute that started in 1996. The sale of the infrastructure division marked the beginning of an increase in Qualcomm's stock price and stronger financial performance, but many of the 1,200 employees involved were discontented working for a competitor and losing their stock options. This led to a protracted legal dispute regarding employee stock options, resulting in $74 million in settlements by 2005.

Software and other technology

Early software

Qualcomm acquired an email application called Eudora in 1991. By 1996, Eudora was installed on 63 percent of PCs. Microsoft Outlook eclipsed Eudora, since it was provided for free by default on Windows-based machines. By 2003 Qualcomm's Eudora was the most popular alternative to Microsoft Outlook, but still had only a five percent share of the market. Software development for Eudora was retired in 2006.

Read the full text

In 2001, Qualcomm introduced Brew, a smartphone app development service with APIs to access contacts, billing, app-stores, or multimedia on the phone. South Korean carrier KTFreeTel was the first to adopt the Brew system in November 2001, followed by Verizon in March 2002 for its "Get it Now" program. There were 2.5 million Brew users by the end of 2002 and 73 million in 2003.

Other technology

In 2004, Qualcomm created a MediaFLO subsidiary to bring its FLO (forward link only) specification to market. Qualcomm built an $800 million MediaFLO network of cell towers to supplement carrier networks with one that is designed for multimedia. In comparison to cellular towers that provide two-way communications with each cell phone individually, MediaFLO towers would broadcast multimedia content to mobile phones in a one-way broadcast. Qualcomm also sold FLO-based semiconductors and licenses.

Qualcomm created the FLO Forum standards group with 15 industry participants in July 2005. Verizon was the first carrier to partner with MediaFlo in December 2005 for its Verizon Wireless' V Cast TV, which was followed by the AT&T Mobile TV service a couple months later. The MediaFlo service was launched on Super Bowl Sunday in 2007. Despite the interest the service got among carriers, it was unpopular among consumers. The service required users to pay for a subscription and have phones that were equipped with special semiconductors. The service was discontinued in 2011 and its spectrum was sold to AT&T for $1.93 billion. Qualcomm rebooted the effort in 2013 with LTE Broadcast, which uses pre-existing cell towers to broadcast select content locally on a dedicated spectrum, such as during major sporting events.

Based on technology acquired from Iridigm in 2004 for $170 million, Qualcomm began commercializing Mirasol displays in 2007, which was expanded into eight products in 2008. Mirasol uses natural light shining on a screen to provide lighting for the display, rather a backlight, in order to reduce power consumption. The amount of space between the surface of the display and a mirror within a 10 micron-wide "interferometric modulator" determines the color of the reflected light. Mirasol was eventually closed down after an attempt to revive it in 2013 in Toq watches.

In June 2011, Qualcomm introduced AllJoyn, a wireless standard for communicating between devices like cell phones, televisions, air-conditioners, and refrigerators. The Alljoyn technology was donated to the Linux Foundation in December 2013. Qualcomm and the Linux Foundation then formed the Allseen Alliance to administer the standard and Qualcomm developed products that used the AllJoyn standard In December 2011, Qualcomm formed a healthcare subsidiary called Qualcomm Life. Simultaneously, the subsidiary released a cloud-based service for managing clinical data called 2net and the Qualcomm Life Fund, which invests in wireless healthcare technology companies. The subsidiary doubled its employee-count by acquiring HealthyCircles Inc., a healthcare IT company, the following May. Qualcomm life was later sold to a private equity firm, Francisco Partners, in 2019.

Developments since 2016

In 2016, Qualcomm developed its first beta processor chip for servers and PCs called "Server Development Platform" and sent samples for testing. In January 2017, a second generation data center and PC server chip called Centriq 2400 was released. PC Magazine said the release was "historic" for Qualcomm, because it was a new market segment for the company. Qualcomm also created a Qualcomm Datacenter Technologies subsidiary to focus on the PCs and servers market. In 2017, Qualcomm introduced embedded technology for 3D cameras intended for augmented reality apps, and also developed and demonstrated laptop processors.

In 2000, Qualcomm formed a joint venture with Ford called Wingcast, which created telematics equipment for cars, but was unsuccessful and closed down two years later. Qualcomm acquired the wireless electric car charging company, HaloIPT, in November 2011 and later sold the company to WiTricity in February 2019. Qualcomm also started introducing Snapdragon system-on-chips and Gobi modems and other software or semiconductor products for self-driving cars and modern in-car computers.

In 2020, Qualcomm hired Baidu veteran, Nan Zhou, to head Qualcomm's push into AI.

In 2024, Qualcomm identified generative artificial intelligence as a key driver of market demand for its edge computing technology, with the company projecting a total addressable market of approximately $900 billion by 2030. In August 2024, Reuters reported that Qualcomm was among the clients of Contextual AI, a company building retrieval-augmented generation (RAG) agents for enterprise use.

In September 2025, Qualcomm and BMW jointly developed an autonomous driving system that will debut on the BMW iX3. This is part of Qualcomm's diversification into new business areas outside of smartphone chips, with automotive among its fastest-growing divisions.

In October 2025, Qualcomm announced it was launching new AI accelerator chips meant to challenge NVIDIA's dominant position in the space. The company said its first customer for its AI200 chips will be Humain—an AI company backed by Saudi Arabia's Public Investment Fund, which is set to deploy 200 megawatts worth of Qualcomm's chips in 2026.

Operations and market-share

Qualcomm develops software, semiconductor designs, patented intellectual property, development tools and services, but does not manufacture physical products like phones or infrastructure equipment. The company's revenues are derived from licensing fees for use of its intellectual property, sales of semiconductor products that are based on its designs, and from other wireless hardware, software or services.

Qualcomm divides its business into three categories:

QCT (Qualcomm CDMA Technologies): CDMA wireless products; 80% of revenue

QTL (Qualcomm Technology Licensing): Licensing; 19% of revenue

QSI (Qualcomm strategic initiatives): Investing in other tech companies; less than 1% of revenue

Qualcomm is a predominantly fabless provider of semiconductor products for wireless communications and data transfer in portable devices. According to the analyst firm Strategy Analytics, Qualcomm has a 39 percent market-share for smartphone application processors and a 50 percent market-share of baseband processors. Its share of the market for application processors on tablets is 18 percent. According to analyst firm ABI Research, Qualcomm has a 65 percent market-share in LTE baseband. Qualcomm also provides licenses to use its patents, many of which are critical to the CDMA2000, TD-SCDMA and WCDMA wireless standards. The company is estimated to earn $20 for every smartphone sold.

Qualcomm is the largest public company in San Diego. It has a philanthropic arm called The Qualcomm Foundation. A January 2013 lawsuit resulted in Qualcomm voluntarily adopting a policy of disclosing its political contributions. According to The New York Times, Qualcomm's new disclosure policy was praised by transparency advocates.

From Wikipedia’s article on Qualcomm, shared under CC BY-SA 4.0.8

Subsidiaries and ownership

Subsidiaries

  • Airgo Networks
  • Qualcomm (Canada)
  • Qualcomm (United Kingdom)
  • Qualcomm Atheros
  • Qualcomm Communications SARL
  • Qualcomm MEMS Technologies
  • Quintauris
  • SiRF

Also owns

  • Globalstar
  • WiPower

From Wikidata.1

Acquisitions

  1. Sep 1, 2010Acquired WiPower1

Employees over time

Qualcomm employees by year145.0K in 2021+48% since 2016
020.0K40.0K60.0K2016: 30.5K30.5K20162018: 35.4K35.4K2018+16%2020: 41.0K41.0K2020+16%2021: 45.0K45.0K2021+10%
  • 202145,0001
  • 202041,0001
  • 201835,4001
  • 201630,5001

Timeline

  1. Jun 30, 2021New chief executive Cristiano Amon becomes CEO1
  2. Dec 2013New chief executive Steve Mollenkopf becomes CEO1
  3. Jul 1985Founded Founded in San Diego1

Recent filings

  1. Oct 9, 2026EFFECT
  2. Oct 2, 2026144
  3. Oct 2, 2026S-3
  4. Oct 2, 20264 PRIMARY DOCUMENT
  5. Sep 30, 20264 PRIMARY DOCUMENT
  6. Sep 30, 20264 PRIMARY DOCUMENT
  7. Sep 25, 2026144
  8. Sep 25, 20264 PRIMARY DOCUMENT
  9. Sep 23, 20264 PRIMARY DOCUMENT
  10. Sep 21, 2026144
  11. Sep 11, 20264 PRIMARY DOCUMENT
  12. Sep 11, 2026144
  13. Sep 8, 20268-K
  14. Aug 31, 2026144
  15. Aug 31, 20264 PRIMARY DOCUMENT

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2