Qualcomm Inc

Company facts

Industry

Radio & Tv Broadcasting & Communications Equipment

Headquarters

San Diego, California

Most recent report

8-K, filed Sep 8, 2026

Incorporated

Delaware

Filings on record

1,001+ filings

On EDGAR

CIK 804328

Fiscal year ends

September

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 13 sections worth reading, with 2 positive, 7 notable, and 9 negative flags.

• Financial Statements (Item 1)

  Financial statements with key results, tax benefit, acquisitions, litigation, and cash flow decline.
  Positive

  • New $20.0B stock repurchase program announced March 17, 2026.
  Notable

  • Restructuring charges of $97M in nine months, primarily severance costs.
  • $5.7B income tax benefit from releasing valuation allowance on deferred tax assets in Q2 2026.
  • Arm litigation ongoing; trial scheduled October 5, 2026; no accrual recorded.
  • Acquired Modular on July 28, 2026 for ~$3.1B, primarily stock; strengthens AI software.

• Management's Discussion (Item 2)

  Revenue and net income fell; handset weakness, Apple modem risk, tax quirks, and restructuring charges.
  Positive

  • Automotive revenue surged 61% (+$604M) in Q3 FY2026, driven by higher pricing and new vehicle launches.
  Notable

  • QTL licensing revenue dipped 3% in Q3 FY2026, due to lower estimated cellular sales.
  • Investment income jumped $656M in Q3 FY2026, largely from IPO gains on QSI stakes.
  • Restructuring charges of $68M recorded in Q3 FY2026, mostly severance costs.
  Negative

  • Revenue down 4% to $9.9B in Q3 FY2026, driven by handset weakness.
  • Net income fell 25% to $2.0B in Q3 FY2026, sharper than revenue drop.
  • QCT segment revenue down 5% in Q3 FY2026, dragged by handset chipset shipments.
  • Handset revenue plunged $1.2B (20%) in Q3 FY2026, hit by memory-driven OEM build cuts.
  • Apple modem risk: company expects significant negative hit to QCT revenue as Apple uses its own modems.

• Risk Factors (Item 1A)

  Company-specific risks with named customers, recent export license revocation.
  Negative

  • Key customers (Apple, Samsung, Xiaomi) are developing their own chips, threatening Qualcomm's semiconductor sales (current period).
  • Heavy revenue concentration in China amid escalating U.S./China trade and national security tensions (current period).
  • Apple's move to in-house modems will significantly reduce QCT revenues and cash flows (filing, current period).
  • May 2024 U.S. export license revocation for Huawei means no further product revenue from that customer (current period).

What changed: Jun 2026 vs. Mar 2026

About 5% of QCOM's Jun 2026 10-Q is new information. 22 paragraphs were added, 103 changed, and 18 removed. Below are the most important lines SECSift identified.

• Item 2 62
• Item 1 28
• Item 3 2
• Item 5 1
• Item 4 1
• Item 6 1