QCOM on Nasdaq

Qualcomm

Logo: Original: Qualcomm, Public domain, via Wikimedia Commons6

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. The company holds essential patents for global mobile communication standards including 5G, 4G, CDMA2000, TD-SCDMA and WCDMA.3 It was founded by Andrew Viterbi and Irwin M. Jacobs.1 Its chief executive is Cristiano Amon (since 2021).1 It employed about 45,000 people in 2021.1 Its revenue was $44.3 billion in 2025.1 Its products include Qualcomm Snapdragon and Binary Runtime Environment for Wireless.1 Its shares trade on Nasdaq under the symbol QCOM.1 Wikipedia text CC BY-SA 4.0

$176.78 up 1.07 (0.61%)Price as of Oct 21, 2026 at 18:59 UTC

Last updated Oct 21, 2026.

Overview

$44.3BRevenue, fiscal 20257
$5.5BNet income, fiscal 20257
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 inDE8
  • Business address5775 Morehouse Dr, San Diego, Ca 921218
  • Filer categoryLarge accelerated filer8
  • LEIH1J8DDZKZP6H7RWC0H534
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE PRENTICE-HALL CORPORATION SYSTEM, INC., 19808 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 22711604
Qualcomm headquarters
Photo: Coolcaesar at en.wikipedia, CC BY-SA 3.0, via Wikimedia Commons11

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 margin7
12.5%Net margin7
13.7%Revenue growth, 20257
26.1%Return on equity7
0.70×Debt to equity7

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$38.4B787%up 16% from 2024
  2. QTL$5.6B713%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.7

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.7

Financial statements

Revenue12131415167$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 income12131415167$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 income12131415167$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 as filed: the last 3 fiscal years, latest first.7

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

Compare Qualcomm with another company

Corporate structure

Qualcomm sits at the top of its group. 28 entities, 8 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Qualcomm

  • Qualcomm San Diego, California, United States
    • Airgo Networks Subsidiary · Palo Alto
    • Globalstar Subsidiary · Covington
    • Qualcomm (United Kingdom) Subsidiary · Farnborough, United Kingdom
    • Qualcomm Atheros Subsidiary · San Jose
    • Quintauris Subsidiary
    • SiRF Subsidiary · San Jose
    • WiPower Subsidiary · Altamonte Springs
    • MNTN, Inc. Stake · Austin, Texas
    • Arriver US, Inc. Subsidiary · Delaware, United States
    • NuVia, Inc. Subsidiary · Delaware, United States
    • NUVIASEMI INDIA PRIVATE LIMITED Subsidiary · Bangalore, India
    • Qualcomm (Canada) Subsidiary · Canada
    • Qualcomm Auto Limited Subsidiary · United Kingdom
    • QUALCOMM CDMA Technologies Asia-Pacific Pte. Ltd. Subsidiary · Singapore
    • Qualcomm Communications SARL Subsidiary · France
    • QUALCOMM GLOBAL TRADING PTE. LTD. Subsidiary · San Diego, California, United States
      • QUALCOMM ASIA PACIFIC PTE. LTD. Subsidiary · San Diego, California, United States
    • QUALCOMM INDIA PRIVATE LIMITED Subsidiary · New Delhi, India
    • QUALCOMM INTERNATIONAL, INC. Subsidiary · San Diego, California, United States
    • Qualcomm MEMS Technologies Subsidiary · United States
    • Qualcomm Technologies International, Ltd. Subsidiary · United Kingdom
    • Qualcomm Technologies, Inc. Subsidiary · Delaware, United States
    • QUALCOMM VENTURES LLC Subsidiary · San Diego, California, United States
    • RF360 Europe GmbH Subsidiary · Germany
    • RF360 Singapore Pte. Ltd. Subsidiary · Singapore
    • RF360 Technology (Wuxi) Co., Ltd. Subsidiary · China

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What Qualcomm reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$168.0M7 Sep 28, 2025$169.0M7 Sep 29, 2024−0.6%
Buildings and improvements$1.9B7 Sep 28, 2025$1.9B7 Sep 29, 2024+1.4%
Machinery and equipment$9.4B7 Sep 28, 2025$8.6B7 Sep 29, 2024+8.2%
Furniture and fixtures$148.0M7 Sep 28, 2025$139.0M7 Sep 29, 2024+6.5%
Leasehold improvements$594.0M7 Sep 28, 2025$550.0M7 Sep 29, 2024+8.0%
Construction in progress$154.0M7 Sep 28, 2025$126.0M7 Sep 29, 2024+22.2%
Property and equipment, before depreciation$14.5B7 Sep 28, 2025$13.5B7 Sep 29, 2024+7.1%
Accumulated depreciation$9.8B7 Sep 28, 2025$8.9B7 Sep 29, 2024+10.6%
Property and equipment, net$4.7B7 Sep 28, 2025$4.7B7 Sep 29, 2024+0.5%
Operating-lease assets (leased space)$735.0M7 Sep 28, 2025$719.0M7 Sep 29, 2024+2.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$5.5B7 Sep 28, 2025$7.8B7 Sep 29, 2024−29.7%
Marketable securities, current$4.6B7 Sep 28, 2025$5.5B7 Sep 29, 2024−15.0%
Stakes in other companies (equity method)$163.0M7 Sep 28, 2025$154.0M7 Sep 29, 2024+5.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$11.4B7 Sep 28, 2025$10.8B7 Sep 29, 2024+5.2%
Intangible assets, net (excluding goodwill)$1.1B7 Sep 28, 2025$1.2B7 Sep 29, 2024−7.7%
Accumulated amortization$1.5B7 Sep 28, 2025$1.3B7 Sep 29, 2024+11.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$6.5B7 Sep 28, 2025$6.4B7 Sep 29, 2024+1.6%
Raw materials$336.0M7 Sep 28, 2025$340.0M7 Sep 29, 2024−1.2%
Work in process$4.0B7 Sep 28, 2025$3.5B7 Sep 29, 2024+14.0%
Finished goods$2.2B7 Sep 28, 2025$2.6B7 Sep 29, 2024−14.7%

Properties, in its own words

At September 28, 2025, we occupied the following facilities (square footage in millions):

United States · Other Countries · Total

The rest of Item 2

Owned facilities · 4.5 · 1.4 · 5.9

Leased facilities · 0.7 · 8.1 · 8.8

Total · 5.2 · 9.5 · 14.7

Our headquarters and certain of our research and development operations are located in San Diego, California. We own and lease properties around the world for use as sales and administrative offices and research and development centers, primarily in the United States, India and China, and we also operate owned and leased manufacturing facilities in Singapore, Germany and China. We do not identify or allocate facilities by operating segment. We believe our existing facilities, including both leased and owned, are suitable and adequate for the conduct of our business.

Additional information on operating leases is provided in this Annual Report in “Notes to Consolidated Financial Statements, Note 7. Commitments and Contingencies.” Additional information on net property, plant and equipment by geography is provided in this Annual Report in “Notes to Consolidated Financial Statements, Note 8. Segment Information.”

Item 2 of the 10-K filed Nov 5, 2025.21

Stakes and holdings (Wikidata)

Things Wikidata records the company as owning, with the share when stated.1

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 4.0.9

Leadership

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

Board members and other officers (62)

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 4.0.9

Subsidiaries and ownership

Subsidiaries

Also owns

Subsidiaries (Exhibit 21)

  • Arriver US, Inc. Delaware10
  • NuVia, Inc. Delaware10
  • QUALCOMM CDMA Technologies Asia-Pacific Pte. Ltd. Singapore10
  • QUALCOMM India Private Limited India10
  • Qualcomm Auto Limited United Kingdom10
  • Qualcomm Global Trading Pte. Ltd Singapore10
  • Qualcomm Technologies International, Ltd. United Kingdom10
  • Qualcomm Technologies, Inc. Delaware10
  • RF360 Europe GmbH Germany10
  • RF360 Singapore Pte. Ltd. Singapore10
  • RF360 Technology (Wuxi) Co., Ltd. China10

From Wikidata.1 The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

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. Sep 8, 20268-K Unregistered sale of shares101
  2. Jul 31, 20268-K Other events102
  3. Jul 29, 20268-K Results of operations103
  4. Jun 24, 20268-K Unregistered sale of shares104
  5. Apr 29, 20268-K Results of operations105
  6. Mar 19, 20268-K Shareholder vote106
  7. Feb 4, 20268-K Results of operations107
  8. Jan 16, 20268-K Executive or director change108
  9. Dec 16, 20258-K Executive or director change109
  10. Dec 10, 20258-K Bylaws or fiscal year changed110
  11. Nov 5, 20258-K Results of operations111
  12. Sep 2, 20258-K Executive or director change112
  13. Jun 30, 2021New chief executive Cristiano Amon becomes CEO1
  14. Dec 2013New chief executive Steve Mollenkopf becomes CEO1
  15. Jan 4, 2006New chief executive Paul E. Jacobs becomes CEO24
  16. Jul 1985Founded Founded in San Diego1

Calendar

Coming up

  1. Nov 4, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $2.56 a share, on Nov 5, 2025.113

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results103
  2. Apr 29, 2026Reported quarterly or annual results105
  3. Feb 4, 2026Reported quarterly or annual results107
  4. Nov 5, 2025Reported quarterly or annual results111
  5. Jul 30, 2025Reported quarterly or annual results114
  6. Apr 30, 2025Reported quarterly or annual results115
  7. Feb 5, 2025Reported quarterly or annual results116
  8. Nov 6, 2024Reported quarterly or annual results117

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

616 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 46 major events, 377 insider forms, 12 large holders, 161 other. The latest 20:

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

The 616 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

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

Insider trades

129 open-market trades by officers, directors and large owners since October 2021: 0 buys and 129 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 25, 2026AMON CRISTIANO RPresident & CEOSale10,000$200.00$2.0MForm 4
Sep 21, 2026AMON CRISTIANO RPresident & CEOSale10,000$195.00$1.9MForm 4
Sep 11, 2026Palkhiwala Akash J.EVP, CFO & COOSale2,500$182.85$457.1KForm 4
Aug 31, 2026Grech Patricia YSVP, Chief Accounting OfficerSale208$170.00$35.4KForm 4
Aug 21, 2026Grech Patricia YSVP, Chief Accounting OfficerSale625$162.85$101.8KForm 4
Aug 12, 2026Palkhiwala Akash J.EVP, CFO & COOSale2,500$163.26$408.1KForm 4
Aug 3, 2026ACE HEATHER SEVP, Chief HR OfficerSale3,200$147.04$470.5KForm 4
Jul 14, 2026Palkhiwala Akash J.EVP, CFO & COOSale2,500$180.81$452.0KForm 4
Jun 11, 2026Palkhiwala Akash J.EVP, CFO & COOSale2,500$197.35$493.4KForm 4
May 21, 2026Grech Patricia YSVP, Chief Accounting OfficerSale829$201.77$167.3KForm 4
May 12, 2026Palkhiwala Akash J.EVP, CFO & COOSale2,500$211.90$529.7KForm 4
May 5, 2026AMON CRISTIANO RPresident & CEOSale10,000$185.00$1.9MForm 4
May 4, 2026AMON CRISTIANO RPresident & CEOSale10,000$180.00$1.8MForm 4
May 4, 2026ACE HEATHER SEVP, Chief HR OfficerSale3,200$177.82$569.0KForm 4
Apr 30, 2026Grech Patricia YSVP, Chief Accounting OfficerSale192$172.00$33.0KForm 4
Apr 13, 2026Palkhiwala Akash J.EVP, CFO & COOSale2,500$130.34$325.9KForm 4
Apr 2, 2026Grech Patricia YSVP, Chief Accounting OfficerSale85$125.50$10.7KForm 4
Mar 12, 2026Grech Patricia YSVP, Chief Accounting OfficerSale581$133.50$77.6KForm 4
Mar 12, 2026Palkhiwala Akash J.EVP, CFO & COOSale2,500$132.33$330.8KForm 4
Feb 9, 2026ACE HEATHER SEVP, Chief HR OfficerSale3,200$137.00$438.4KForm 4

All 129 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

Qualcomm has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Cristiano R. AmonPresident and Chief Executive Officer$1.4M$29.7M124
2025Akash PalkhiwalaExecutive Vice President, Chief Financial Officer and Chief Operating Officer$900.0K$13.1M124
2025James H. ThompsonFormer Chief Technology Officer$478.6K$11.1M124
2025Alexander H. RogersExecutive Vice President and President, Qualcomm Technology Licensing and Global Affairs$800.0K$9.7M124
2025Baaziz AchourExecutive Vice President, Chief Technology Officer$777.4K$9.5M124
2025Ann ChaplinExecutive Vice President, General Counsel and Corporate Secretary$748.1K$9.0M124
2024Cristiano R. AmonPresident and Chief Executive Officer$1.4M$25.9M124
2024James H. ThompsonFormer Chief Technology Officer$900.1K$12.9M124
2024Akash PalkhiwalaExecutive Vice President, Chief Financial Officer and Chief Operating Officer$848.2K$12.8M124
2024Alexander H. RogersExecutive Vice President and President, Qualcomm Technology Licensing and Global Affairs$800.0K$8.4M124
2024Ann ChaplinExecutive Vice President, General Counsel and Corporate Secretary$700.0K$7.0M124
2023Cristiano R. AmonPresident and Chief Executive Officer$1.3M$23.5M124
2023James H. ThompsonFormer Chief Technology Officer$900.1K$10.8M124
2023Akash PalkhiwalaExecutive Vice President, Chief Financial Officer and Chief Operating Officer$750.2K$8.5M124
2023Alexander H. RogersExecutive Vice President and President, Qualcomm Technology Licensing and Global Affairs$800.0K$7.5M124
2023Ann ChaplinExecutive Vice President, General Counsel and Corporate Secretary$700.0K$5.5M124

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.95,151,875$17.6B0.3%−10,864,006
Vanguard Capital Management LLC68,837,417$12.7B0.3%−503,895
State Street Corp52,763,263$9.8B0.3%+671,537
Invesco Ltd.36,101,702$6.7B0.5%+856,366
Vanguard Portfolio Management LLC33,847,770$6.3B0.3%−345,093
Geode Capital Management, LLC29,645,446$5.5B0.3%−88,615
Charles Schwab Investment Management Inc22,310,326$4.1B0.5%−8,554,376
Van Eck Associates Corp17,202,619$3.2B1.9%+3,179,720
Morgan Stanley17,100,302$3.2B0.2%−2,891,011
Norges Bank16,209,022$3.0B0.3%New
Northern Trust Corp11,299,956$2.1B0.2%−490,486
Goldman Sachs Group Inc11,241,343$2.1B0.2%+746,213
Amundi10,195,741$1.9B0.5%+4,942,908
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC10,082,880$1.9B0.3%−2,030,526
Bank Of America Corp /de/9,954,402$1.8B0.1%−525,856
Legal & General Group Plc9,416,114$1.7B0.4%−132,425
Jpmorgan Chase & Co8,270,471$1.6B0.1%+1,250,662
Bank of New York Mellon Corp8,246,818$1.5B0.3%+1,067,663
Ameriprise Financial Inc7,389,738$1.4B0.3%+1,347,727
Dimensional Fund Advisors LP6,668,028$1.2B0.2%−143,573
UBS Group AG6,576,576$1.2B0.2%−3,903,611
Deutsche Bank Ag\6,376,694$1.2B0.3%+137,369
Barclays PLC6,155,249$1.1B0.4%−1,328,541
Wellington Management Group Llp6,142,047$1.1B0.2%−2,210,675
Vanguard Fiduciary Trust Co5,918,352$1.1B0.2%−122,332

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

98 trades disclosed by members of Congress, the latest 25. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 19, 2026Maria Elvira SalazarRepublican, HouseSale$1,001 - $15,000−9.8%Report
Aug 12, 2026Maria Elvira SalazarRepublican, HouseSale$1,001 - $15,000−9.5%Report
May 13, 2026Maria Elvira SalazarRepublican, HouseBuy$15,001 - $50,000−20.3%Report
May 13, 2026Maria Elvira SalazarRepublican, HouseBuy$1,001 - $15,000−20.3%Report
May 7, 2026Sara JacobsDemocratic, HousePartial sale$500,001 - $1,000,000+17.4%Report
May 6, 2026Sara JacobsDemocratic, HousePartial sale$500,001 - $1,000,000+12.5%Report
Mar 31, 2026Jared MoskowitzDemocratic, HouseSale$15,001 - $50,000−19.9%Report
Mar 27, 2026Alan ArmstrongRepublican, SenateBuy$1,001 - $15,000+18.6%Report
Sep 23, 2025Val T. HoyleDemocratic, HouseSale$1,001 - $15,000+11.1%Report
Sep 10, 2025Cleo FieldsDemocratic, HouseBuy$15,001 - $50,000−6.1%Report
Jul 11, 2025Ritchie TorresDemocratic, HouseSale$1,001 - $15,000+10.5%Report
May 5, 2025Marjorie Taylor GreeneRepublican, HouseBuy$1,001 - $15,000−9.0%Report
Apr 8, 2025Marjorie Taylor GreeneRepublican, HouseBuy$1,001 - $15,000−12.3%Report
Apr 8, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+12.3%Report
Apr 7, 2025Jared MoskowitzDemocratic, HouseBuy$1,001 - $15,000−15.5%Report
Apr 7, 2025Jefferson ShreveRepublican, HouseSale$15,001 - $50,000+15.5%Report
Apr 4, 2025Marjorie Taylor GreeneRepublican, HouseBuy$1,001 - $15,000−12.8%Report
Feb 24, 2025Jefferson ShreveRepublican, HouseBuy$15,001 - $50,000−18.5%Report
Feb 20, 2025Val T. HoyleDemocratic, HouseSale$1,001 - $15,000+23.7%Report
Feb 11, 2025Daniel MeuserRepublican, HouseSale$15,001 - $50,000+23.8%Report
Nov 20, 2024Marjorie Taylor GreeneRepublican, HouseBuy$1,001 - $15,000−15.1%Report
Nov 8, 2024Jared MoskowitzDemocratic, HouseBuy$1,001 - $15,000−24.6%Report
Oct 31, 2024William R. KeatingDemocratic, HouseBuy$1,001 - $15,000−26.1%Report
Oct 29, 2024Val T. HoyleDemocratic, HouseBuy$1,001 - $15,000−31.3%Report
Sep 26, 2024Ritchie TorresDemocratic, HouseBuy$1,001 - $15,000−31.5%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Qualcomm is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARQUALCOMM INC/DE2
  • CIK0000804328
  • Employer ID (EIN)95-368593421
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company21
  • Incorporated inDelaware21
  • Fiscal year endsSeptember 272
  • Industry code (SIC)3663 Radio & Tv Broadcasting & Communications Equipment2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address5775 Morehouse Dr, San Diego, CA 921212
  • Phone85858711212
  • Shares outstanding1,050,000,000 as of Jul 27, 202619
  • Public float$167.9B as of Mar 28, 202521
  • AuditorPricewaterhouseCoopers LLP, San Diego, California PCAOB ID 238; it also attests to the company’s internal control over financial reporting21
  • On EDGAR sinceFeb 8, 19952
  • Filings5,195 in all: 4 (3,904), 8-K (261), 144 (109), 425 (101), DEFA14A (97), 10-Q (92), 3 (59), 4/A (50)2
    All 61 form types

    DFAN14A (48), SC TO-T/A (48), SC 13G/A (39), 5 (36), S-8 (35), UPLOAD (30), DEF 14A (29), S-8 POS (29), 10-K (28), 13F-HR (28), CORRESP (23), SC 13G (17), SD (13), 8-K/A (9), 5/A (7), ARS (7), 3/A (6), 424B2 (6), 424B5 (6), FWP (6), PRE 14A (5), S-3ASR (5), SC TO-C (5), 424B3 (4), S-3 (4), 424B4 (3), S-3/A (3), SCHEDULE 13G (3), SCHEDULE 13G/A (3), 10-K405 (2), 10-K405/A (2), DEFC14A (2), DFRN14A (2), EFFECT (2), POS AM (2), PREC14A (2), PRRN14A (2), S-4 (2), SC 13D (2), SC 13D/A (2), SC TO-I/A (2), SC TO-T (2), 10-K/A (1), 424B7 (1), 8-A12G (1), 8-A12G/A (1), CT ORDER (1), DEFS14A (1), PRER14A (1), PRES14A (1), PX14A6G (1), S-4/A (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Nov 5, 2025
    Quarterly report (10-Q) Jul 29, 2026
    Proxy statement (DEF 14A) Jan 22, 2026
    Latest 8-K (8-K) Sep 8, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, $0.0001 par valueQCOMThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Nov 5, 2025 (Section 12(b) of the Exchange Act).21

Risk factors and legal proceedings

The risks Qualcomm names in Item 1A of its 10-K filed Nov 5, 2025: 48 risks under these headings, as written.21

  • RISKS RELATED TO OUR OPERATING BUSINESSES
  • •We derive a significant portion of our revenues from a small number of customers and licensees, and particularly from their sale of premium-tier handset devices. If revenues derived from these customers or licensees decrease or the timing of such revenues fluctuates, our business and results of operations could be negatively affected.
  • •Our business, particularly our semiconductor business, may suffer as a result of our customers vertically integrating (i.e., developing their own integrated circuit products).
  • •A significant portion of our business is concentrated in China, and the risks of such concentration are exacerbated by U.S./China trade and national security tensions.
  • RISKS RELATED TO NEW INITIATIVES
  • •Our growth depends in part on our ability to extend our technologies and products into new and expanded product areas, and industries and applications beyond mobile handsets. Our research, development and other investments in these new and expanded product areas, industries and applications, and related technologies and products, as well as in our existing technologies and products, and new technologies, may not generate operating income or contribute to future results of operations that meet our expectations.
  • •We may engage in acquisitions and other strategic transactions or make investments, or be unable to consummate planned strategic acquisitions, which could adversely affect our results of operations or fail to enhance stockholder value.
  • RISKS RELATED TO SUPPLY AND MANUFACTURING
  • •We depend on a limited number of third-party suppliers for the procurement, manufacture, assembly and testing of our products manufactured in a fabless production model. If we fail to execute supply strategies that provide supply assurance, technology leadership and reasonable margins, our business and results of operations may be harmed. We are also subject to order and shipment uncertainties that could negatively impact our results of operations.
  • •There are numerous risks associated with the operation and control of our manufacturing facilities, including a higher portion of fixed costs relative to a fabless model; environmental compliance and liability; impacts related to climate change; exposure to natural disasters, health crises, geopolitical conflicts and cyber-attacks; timely supply of equipment and materials; and various manufacturing issues.
  • RISKS RELATED TO CYBERSECURITY OR MISAPPROPRIATION OF OUR CRITICAL INFORMATION
  • •Our business and operations could suffer in the event of security breaches of our IT systems, or other misappropriation of our technology, intellectual property or other proprietary or confidential information.
The other 40 risks
  • RISKS RELATED TO HUMAN CAPITAL MANAGEMENT
  • •We may not be able to attract or retain qualified employees.
  • RISKS SPECIFIC TO OUR LICENSING BUSINESS
  • •The continued and future success of our licensing programs requires us to continue to evolve our patent portfolio and to renew or renegotiate license agreements that are expiring.
  • •Efforts by some OEMs to avoid paying fair and reasonable royalties for the use of our intellectual property may require the investment of substantial management time and financial resources and may result in legal decisions or actions by governments, courts, regulators or agencies, Standards Development Organizations (SDOs) or other industry organizations that harm our business.
  • •Changes in our patent licensing practices, whether due to governmental investigations, legal challenges or otherwise, could adversely impact our business and results of operations.
  • RISKS RELATED TO REGULATORY AND LEGAL CHALLENGES
  • •Our business may suffer as a result of adverse rulings in governmental investigations or proceedings or other legal proceedings.
  • RISKS RELATED TO INDUSTRY DYNAMICS AND COMPETITION
  • •Our revenues depend on our customers’ and licensees’ sales of products and services based on cellular and other communications technologies, including 5G, and customer demand for our products based on these technologies.
  • •Our industry is subject to intense competition in an environment of rapid technological change. Our success depends in part on our ability to adapt to such change and compete effectively; and such change and competition could result in decreased demand for our products and technologies or declining average selling prices for our products or those of our customers or licensees.
  • RISKS RELATED TO PRODUCT DEFECTS OR SECURITY VULNERABILITIES
  • •Failures in our products, or in the products of our customers or licensees, including those resulting from security vulnerabilities, defects or errors, could harm our business.
  • RISKS RELATED TO INTELLECTUAL PROPERTY
  • •The enforcement and protection of our intellectual property may be expensive, could fail to prevent misappropriation or unauthorized use of our intellectual property, could result in the loss of our ability to enforce one or more patents, and could be adversely affected by changes in patent laws, by laws in certain foreign jurisdictions that may not effectively protect our intellectual property and by ineffective enforcement of laws in such jurisdictions.
  • •Claims by third parties that we infringe their intellectual property could adversely affect our business.
  • •Our use of open source software may harm our business.
  • GENERAL RISK FACTORS
  • •We operate in the highly cyclical semiconductor industry, which is subject to significant downturns. We are also susceptible to declines in global, regional and local economic conditions generally. Our stock price and financial results are subject to substantial quarterly and annual fluctuations due to these dynamics, among others.
  • •Geopolitical conflicts, natural disasters, pandemics and other health crises, and other factors outside of our control, could significantly disrupt our business.
  • •Our business may suffer due to the impact of, or our failure to comply with, the various existing, new or amended laws, regulations, policies or standards to which we are subject.
  • •There are risks associated with our debt.
  • •Tax liabilities could adversely affect our results of operations.
  • We derive a significant portion of our revenues from a small number of customers and licensees, and particularly from their sale of premium-tier handset devices. If revenues derived from these customers or licensees decrease or the timing of such revenues fluctuates, our business and results of operations could be negatively affected.
  • Our business, particularly our semiconductor business, may suffer as a result of our customers vertically integrating (i.e., developing their own integrated circuit products).
  • A significant portion of our business is concentrated in China, and the risks of such concentration are exacerbated by U.S./China trade and national security tensions.
  • Our growth depends in part on our ability to extend our technologies and products into new and expanded product areas, and industries and applications beyond mobile handsets. Our research, development and other investments in these new and expanded product areas, industries and applications, and related technologies and products, as well as in our existing technologies and products, and new technologies, may not generate operating income or contribute to future results of operations that meet our expectations.
  • We may engage in acquisitions and other strategic transactions or make investments, or be unable to consummate planned strategic acquisitions, which could adversely affect our results of operations or fail to enhance stockholder value.
  • We depend on a limited number of third-party suppliers for the procurement, manufacture, assembly and testing of our products manufactured in a fabless production model. If we fail to execute supply strategies that provide supply assurance, technology leadership and reasonable margins, our business and results of operations may be harmed. We are also subject to order and shipment uncertainties that could negatively impact our results of operations.
  • There are numerous risks associated with the operation and control of our manufacturing facilities, including a higher portion of fixed costs relative to a fabless model; environmental compliance and liability; impacts related to climate change; exposure to natural disasters, health crises, geopolitical conflicts and cyber-attacks; timely supply of equipment and materials; and various manufacturing issues.
  • Our business and operations could suffer in the event of security breaches of our IT systems, or other misappropriation of our technology, intellectual property or other proprietary or confidential information.
  • We may not be able to attract or retain qualified employees.
  • The continued and future success of our licensing programs requires us to continue to evolve our patent portfolio and to renew or renegotiate license agreements that are expiring.
  • Efforts by some OEMs to avoid paying fair and reasonable royalties for the use of our intellectual property may require the investment of substantial management time and financial resources and may result in legal decisions or actions by governments, courts, regulators or agencies, Standards Development Organizations (SDOs) or other industry organizations that harm our business.
  • Changes in our patent licensing practices, whether due to governmental investigations, legal challenges or otherwise, could adversely impact our business and results of operations.
  • Our business may suffer as a result of adverse rulings in governmental investigations or proceedings or other legal proceedings.
  • Our revenues depend on our customers’ and licensees’ sales of products and services based on cellular and other communications technologies, including 5G, and customer demand for our products based on these technologies.
  • Our industry is subject to intense competition in an environment of rapid technological change. Our success depends in part on our ability to adapt to such change and compete effectively; and such change and competition could result in decreased demand for our products and technologies or declining average selling prices for our products or those of our customers or licensees.
  • Failures in our products, or in the products of our customers or licensees, including those resulting from security vulnerabilities, defects or errors, could harm our business.
  • The enforcement and protection of our intellectual property may be expensive, could fail to prevent misappropriation or unauthorized use of our intellectual property, could result in the loss of our ability to enforce one or more patents, and could be adversely affected by changes in patent laws, by laws in certain foreign jurisdictions that may not effectively protect our intellectual property and by ineffective enforcement of laws in such jurisdictions.
  • Claims by third parties that we infringe their intellectual property could adversely affect our business.
  • Our use of open source software may harm our business.
  • We operate in the highly cyclical semiconductor industry, which is subject to significant downturns. We are also susceptible to declines in global, regional and local economic conditions generally. Our stock price and financial results are subject to substantial quarterly and annual fluctuations due to these dynamics, among others.
  • Geopolitical conflicts, natural disasters, pandemics and other health crises, and other factors outside of our control, could significantly disrupt our business.
  • Our business may suffer due to the impact of, or our failure to comply with, the various existing, new or amended laws, regulations, policies or standards to which we are subject.
  • There are risks associated with our debt.
  • Tax liabilities could adversely affect our results of operations.

Legal proceedings

Information regarding certain legal proceedings is provided in this Annual Report in “Notes to Consolidated Financial Statements, Note 7. Commitments and Contingencies.”

The opening of Item 3, Legal Proceedings.21

Sources

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  93. 93
  94. 94
  95. 95
  96. 96
  97. 97
  98. 98
  99. 99
  100. 100
  101. 101
  102. 102
    SEC EDGAROther events
  103. 103
  104. 104
  105. 105
  106. 106
  107. 107
  108. 108
  109. 109
  110. 110
  111. 111
  112. 112
  113. 113
  114. 114
  115. 115
  116. 116
  117. 117
  118. 118
  119. 119
  120. 120
  121. 121
  122. 122
  123. 123
  124. 124