QUALCOMM Incorporated (QCOM) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 10.6B | 12.25B | 11.27B | 10.37B | 10.98B | 11.67B | 10.24B | 9.39B | 9.39B | 9.94B | 8.63B | 8.45B | 9.28B | 9.46B | 11.39B | 10.94B | 11.16B | 10.71B | 9.34B | 8.06B |
| Revenue Growth % | -3.46% | 5% | 10.03% | 10.35% | 16.93% | 17.45% | 18.69% | 11.15% | 1.23% | 4.99% | -24.26% | -22.72% | -16.92% | -11.6% | 22.05% | 35.68% | 40.69% | 29.99% | 11.86% | 64.73% |
| Cost of Goods Sold | 4.9B | 5.57B | 5.03B | 4.61B | 4.94B | 5.16B | 4.47B | 4.17B | 4.11B | 4.31B | 3.88B | 3.79B | 4.15B | 4.04B | 4.87B | 4.82B | 4.65B | 4.3B | 3.94B | 3.4B |
| COGS % of Revenue | 46.23% | 45.45% | 44.66% | 44.44% | 44.97% | 44.23% | 43.61% | 44.44% | 43.73% | 43.4% | 44.95% | 44.87% | 44.78% | 42.73% | 42.72% | 44.04% | 41.63% | 40.2% | 42.17% | 42.23% |
| Gross Profit | 5.7B | 6.68B | 6.24B | 5.76B | 6.04B | 6.51B | 5.78B | 5.22B | 5.28B | 5.62B | 4.75B | 4.66B | 5.12B | 5.42B | 6.53B | 6.12B | 6.52B | 6.4B | 5.4B | 4.66B |
| Gross Margin % | 53.77% | 54.55% | 55.34% | 55.56% | 55.03% | 55.77% | 56.39% | 55.56% | 56.27% | 56.6% | 55.05% | 55.13% | 55.22% | 57.27% | 57.28% | 55.96% | 58.37% | 59.8% | 57.83% | 57.77% |
| Gross Profit Growth % | -5.68% | 2.7% | 7.96% | 10.35% | 14.37% | 15.74% | 21.6% | 12.02% | 3.14% | 3.76% | -27.21% | -23.87% | -21.39% | -15.35% | 20.89% | 31.44% | 44.7% | 34.89% | -3.24% | 65.52% |
| Operating Expenses | 3.39B | 3.32B | 3.32B | 3B | 2.92B | 2.95B | 3.19B | 3B | 2.94B | 2.69B | 3.34B | 2.84B | 3.03B | 2.95B | 2.86B | 1.65B | 2.66B | 2.54B | 2.5B | 2.46B |
| OpEx % of Revenue | 31.98% | 27.08% | 29.45% | 28.91% | 26.61% | 25.31% | 31.19% | 31.92% | 31.35% | 27.13% | 38.7% | 33.61% | 32.69% | 31.22% | 25.11% | 15.07% | 23.81% | 23.71% | 26.75% | 30.53% |
| Selling, General & Admin | 898M | 865M | 910M | 771M | 706M | 723M | 761M | 664M | 707M | 627M | 628M | 618M | 614M | 623M | 683M | 655M | 624M | 608M | 619M | 597M |
| SG&A % of Revenue | 8.47% | 7.06% | 8.07% | 7.44% | 6.43% | 6.2% | 7.43% | 7.07% | 7.53% | 6.31% | 7.28% | 7.31% | 6.62% | 6.58% | 5.99% | 5.99% | 5.59% | 5.68% | 6.63% | 7.41% |
| Research & Development | 2.46B | 2.45B | 2.37B | 2.23B | 2.22B | 2.23B | 2.3B | 2.26B | 2.24B | 2.1B | 2.13B | 2.22B | 2.21B | 2.25B | 2.18B | 2.05B | 2.03B | 1.93B | 1.88B | 1.86B |
| R&D % of Revenue | 23.24% | 20.02% | 21.03% | 21.48% | 20.18% | 19.11% | 22.47% | 24.05% | 23.82% | 21.1% | 24.74% | 26.29% | 23.83% | 23.79% | 19.11% | 18.76% | 18.22% | 18.03% | 20.12% | 23.13% |
| Other Operating Expenses | 1000K | 0 | 1000K | 0 | 0 | 0 | 1000K | 1000K | 0 | -1000K | 1000K | 0 | 1000K | 1000K | 0 | -1000K | 0 | 0 | 0 | 0 |
| Operating Income | 2.31B | 3.37B | 2.92B | 2.76B | 3.12B | 3.56B | 2.58B | 2.22B | 2.34B | 2.93B | 1.41B | 1.82B | 2.09B | 2.46B | 3.67B | 4.47B | 3.86B | 3.86B | 2.9B | 2.19B |
| Operating Margin % | 21.79% | 27.47% | 25.89% | 26.65% | 28.42% | 30.47% | 25.2% | 23.65% | 24.92% | 29.47% | 16.34% | 21.57% | 22.53% | 26.05% | 32.17% | 40.89% | 34.56% | 36.1% | 31.08% | 27.23% |
| Operating Income Growth % | -25.99% | -5.32% | 13.01% | 24.36% | 33.33% | 21.41% | 83.12% | 21.83% | 11.96% | 18.78% | -61.54% | -59.24% | -45.83% | -36.21% | 26.33% | 103.74% | 78.12% | 52.97% | -15.93% | 180.69% |
| EBITDA | 2.72B | 3.37B | 3.29B | 3.38B | 3.3B | 3.99B | 3.02B | 2.64B | 2.75B | 3.37B | 1.87B | 2.3B | 2.56B | 2.86B | 4.16B | 4.91B | 4.29B | 4.27B | 3.33B | 2.6B |
| EBITDA Margin % | 25.68% | 27.47% | 29.18% | 32.6% | 30.04% | 34.2% | 29.49% | 28.11% | 29.3% | 33.87% | 21.69% | 27.24% | 27.6% | 30.25% | 36.47% | 44.9% | 38.39% | 39.89% | 35.64% | 32.27% |
| EBITDA Growth % | -17.47% | -15.66% | 8.87% | 27.99% | 19.88% | 18.6% | 61.38% | 14.68% | 7.46% | 17.53% | -54.96% | -53.12% | -40.27% | -32.95% | 24.92% | 88.77% | 67.88% | 47.75% | -12.24% | 127.16% |
| D&A (Non-Cash Add-back) | 413M | 0 | 371M | 617M | 178M | 436M | 439M | 419M | 411M | 437M | 462M | 479M | 470M | 398M | 490M | 438M | 428M | 406M | 425M | 406M |
| EBIT | 2.31B | 3.37B | 3.14B | 3.12B | 2.94B | 3.8B | 2.78B | 2.3B | 2.34B | 2.9B | 1.59B | 1.82B | 2.07B | 2.54B | 3.67B | 3.41B | 3.86B | 3.86B | 2.9B | 2.19B |
| Net Interest Income | -171M | -169M | -27M | -8M | 4M | 6M | 5M | 14M | -12M | -29M | -53M | -93M | -120M | -115M | -113M | -48M | -117M | -122M | -118M | -117M |
| Interest Income | 0 | 0 | 143M | 160M | 167M | 169M | 185M | 182M | 160M | 149M | 120M | 79M | 59M | 55M | 32M | 22M | 20M | 17M | 20M | 21M |
| Interest Expense | 171M | 169M | 170M | 168M | 163M | 163M | 180M | 168M | 172M | 178M | 173M | 172M | 179M | 170M | 145M | 70M | 137M | 139M | 138M | 138M |
| Other Income/Expense | -77M | 181M | 53M | 190M | -15M | 80M | 14M | 58M | 158M | 34M | 10M | -66M | -195M | -94M | -196M | -233M | -435M | 1M | 383M | 62M |
| Pretax Income | 2.23B | 3.55B | 2.97B | 2.95B | 3.1B | 3.63B | 2.6B | 2.28B | 2.5B | 2.96B | 1.42B | 1.76B | 1.9B | 2.37B | 3.47B | 4.24B | 3.42B | 3.87B | 3.29B | 2.26B |
| Pretax Margin % | 21.06% | 28.95% | 26.36% | 28.48% | 28.28% | 31.15% | 25.34% | 24.26% | 26.61% | 29.81% | 16.45% | 20.79% | 20.43% | 25.06% | 30.45% | 38.76% | 30.66% | 36.1% | 35.19% | 28% |
| Income Tax | -5.14B | 543M | 6.09B | 286M | 293M | 455M | -319M | 171M | 223M | 151M | -209M | 22M | 193M | 98M | 547M | 509M | 489M | 466M | 487M | 230M |
| Effective Tax Rate % | -230.2% | 15.31% | 204.91% | 9.69% | 9.44% | 12.52% | -12.29% | 7.5% | 8.93% | 5.1% | -14.72% | 1.25% | 10.18% | 4.13% | 15.76% | 12.01% | 14.29% | 12.06% | 14.82% | 10.19% |
| Net Income | 7.37B | 3B | -3.12B | 2.67B | 2.81B | 3.18B | 2.92B | 2.13B | 2.33B | 2.77B | 1.49B | 1.8B | 1.7B | 2.23B | 2.87B | 3.73B | 2.93B | 3.4B | 2.8B | 2.03B |
| Net Margin % | 69.53% | 24.52% | -27.66% | 25.72% | 25.61% | 27.25% | 28.5% | 22.67% | 24.77% | 27.85% | 17.26% | 21.33% | 18.37% | 23.62% | 25.21% | 34.11% | 26.28% | 31.75% | 29.97% | 25.15% |
| Net Income Growth % | 162.09% | -5.53% | -206.75% | 25.22% | 20.89% | 14.93% | 95.97% | 18.08% | 36.5% | 23.8% | -48.14% | -51.66% | -41.92% | -34.25% | 2.68% | 84.02% | 66.52% | 38.45% | -5.47% | 139.88% |
| Net Income (Continuing) | 7.37B | 3B | -3.12B | 2.67B | 2.81B | 3.18B | 2.92B | 2.11B | 2.27B | 2.81B | 1.63B | 1.74B | 1.7B | 2.27B | 2.92B | 3.73B | 2.93B | 3.4B | 2.8B | 2.03B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 6.88 | 2.78 | -2.77 | 2.43 | 2.52 | 2.83 | 2.58 | 1.88 | 2.06 | 2.46 | 1.32 | 1.60 | 1.52 | 1.98 | 2.53 | 3.29 | 2.57 | 2.98 | 2.45 | 1.77 |
| EPS Growth % | 173.02% | -1.77% | -207.36% | 29.26% | 22.33% | 15.04% | 95.45% | 17.5% | 35.53% | 24.24% | -47.83% | -51.37% | -40.86% | -33.56% | 3.27% | 85.88% | 67.97% | 40.57% | -5.04% | 139.19% |
| EPS (Basic) | 6.92 | 2.81 | -2.84 | 2.44 | 2.55 | 2.86 | 2.62 | 1.91 | 2.08 | 2.48 | 1.33 | 1.62 | 1.53 | 1.99 | 2.56 | 3.32 | 2.61 | 3.02 | 2.48 | 1.80 |
| Diluted Shares Outstanding | 1.07B | 1.08B | 1.1B | 1.1B | 1.11B | 1.12B | 1.13B | 1.13B | 1.13B | 1.13B | 1.13B | 1.12B | 1.12B | 1.13B | 1.13B | 1.13B | 1.14B | 1.14B | 1.14B | 1.15B |
| Basic Shares Outstanding | 1.07B | 1.07B | 1.1B | 1.09B | 1.1B | 1.11B | 1.12B | 1.12B | 1.12B | 1.12B | 1.12B | 1.11B | 1.12B | 1.12B | 1.12B | 1.12B | 1.13B | 1.12B | 1.13B | 1.13B |
| Dividend Payout Ratio | 12.84% | 31.59% | - | 36.31% | 33.36% | 29.62% | 32.47% | 44.57% | 38.48% | 32.35% | 59.93% | 49.53% | 48.94% | 37.67% | 29.27% | 22.57% | 26.04% | 22.51% | 27.45% | 37.84% |