QUALCOMM Incorporated (QCOM) Fundamental Analysis
QUALCOMM Incorporated is in a high-growth phase, expanding revenue -3% year-over-year as it scales. Profitability has been inconsistent across recent quarters, a turnaround profile where the direction of travel matters more than any single period. Cash generation is healthy, funding the business from its own operations. On the latest filing the majority of indicators are constructive.
Beat Index assesses QUALCOMM Incorporated across sixteen analysis tabs, spanning revenue and income, margins, cash flow, returns, liquidity and leverage, working capital, intrinsic value, commitments, insider activity, risk, and its latest 10-Q reads strongest on profit margins, cash generation and balance-sheet strength while flagging revenue growth for closer review. Every figure is taken as-reported from SEC EDGAR filings, with no vendor adjustments.
At a glance
- PositiveProfitability: Net margin 70%
- WatchNothing flagged to watch next quarter.
- ConcernGrowth: Revenue down -3% YoY
Trend matrix, last 4 quarters
| Dimension | 2026-03-29 | 2025-12-28 | 2025-09-28 | 2025-06-29 |
|---|---|---|---|---|
| Growth | Revenue down -3% YoY | Revenue +5% YoY | Revenue up 10% YoY | Revenue up 10% YoY |
| Profitability | Net margin 70% | Net margin 25% | Loss-making (-28% margin) | Net margin 26% |
| Cash Generation | FCF margin 18% | FCF margin 36% | FCF margin 32% | FCF margin 25% |
| Balance Sheet | Debt/equity 0.6x | Debt/equity 0.6x | Debt/equity 0.7x | Debt/equity 0.5x |
Quarterly financials
| Metric | 2026-03-29 | 2025-12-28 | 2025-09-28 | 2025-06-29 | 2025-03-30 |
|---|---|---|---|---|---|
| Revenue | $10.60B | $12.25B | $11.27B | $10.36B | $10.98B |
| Cash & equivalents | $5.43B | $7.21B | $5.52B | $5.45B | $7.20B |
| Net income | $7.37B | $3.00B | -$3.12B | $2.67B | $2.81B |
| Operating cash flow | $2.45B | $4.96B | $4.00B | $2.88B | $2.55B |
| Free cash flow | $1.92B | $4.42B | $3.59B | $2.58B | $2.34B |
Figures in USD, as reported to the SEC. Longer history is available in the full analysis.
What's inside the full dashboard
Sixteen analysis tabs, all sourced from SEC filings, no estimates.
- Cash Flow: Free cash flow generation and operating cash flow trends.
- Intrinsic Value: Discounted cash flow (DCF) valuation and enterprise multiples.
- Liquidity & Leverage: Balance-sheet strength: assets, liabilities, debt and liquidity ratios.
- Margins: Gross, operating, and net profit margin analysis.
- Returns: Return on equity, return on assets, and return on invested capital.
- Revenue & Income: Revenue growth, composition, and year-over-year income trends.
- Working Capital: Working-capital efficiency, cash conversion and asset-turnover metrics.
- Risk: Debt levels, liquidity ratios, and financial risk indicators.
- Insider: Insider stock transactions and executive activity.
- Commitments: Operating leases, purchase commitments, and future obligations.
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Live valuation, management commentary, and peer comparison, all sourced directly from SEC filings. Free to access.