Company profile

Ticker
QCOM
Exchange
CEO
Steven M. Mollenkopf
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
953685934

QCOM stock data

(
)

Calendar

29 Jul 20
28 Sep 20
27 Sep 21

News

Quarter (USD) Jun 20 Mar 20 Dec 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 19 Sep 18 Sep 17 Sep 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from QUALCOMM earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
23 Sep 20 Brian Modoff RSU Common Stock Grant Aquire A No 0 9,949 0 9,949
23 Sep 20 Cristiano R Amon RSU Common Stock Grant Aquire A No 0 36,177 0 36,177
23 Sep 20 Alexander H Rogers RSU Common Stock Grant Aquire A No 0 18,089 0 18,089
23 Sep 20 Palkhiwala Akash J. RSU Common Stock Grant Aquire A No 0 15,375 0 15,375
23 Sep 20 Mollenkopf Steven M RSU Common Stock Grant Aquire A No 0 40,699 0 40,699
74.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1704 1592 +7.0%
Opened positions 238 164 +45.1%
Closed positions 126 200 -37.0%
Increased positions 705 665 +6.0%
Reduced positions 559 598 -6.5%
13F shares
Current Prev Q Change
Total value 859.65B 582.43B +47.6%
Total shares 844.09M 838.07M +0.7%
Total puts 21.29M 18.53M +14.9%
Total calls 14.05M 15.29M -8.1%
Total put/call ratio 1.5 1.2 +25.0%
Largest owners
Shares Value Change
Vanguard 104.17M $9.5B +5.9%
BLK BlackRock 77.34M $7.05B -3.0%
FMR 51.33M $4.68B -13.0%
STT State Street 47.44M $4.33B +0.2%
N Price T Rowe Associates 41.08M $3.75B -1.0%
Primecap Management 21.18M $1.93B -9.5%
IVZ Invesco 17.95M $1.64B -8.6%
BK Bank of New York Mellon 17.66M $1.61B -14.5%
Geode Capital Management 16.91M $1.54B +1.0%
NTRS Northern Trust 15.13M $1.38B +2.1%
Largest transactions
Shares Bought/sold Change
Aristotle Capital Management 7.88M +7.88M NEW
FMR 51.33M -7.65M -13.0%
Vanguard 104.17M +5.85M +5.9%
Capital International Investors 6.86M -5.28M -43.5%
Jennison Associates 948.65K -3.88M -80.3%
BK Bank of New York Mellon 17.66M -2.99M -14.5%
RY Royal Bank of Canada 10.94M +2.66M +32.1%
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 2.77M +2.52M +1011.1%
BLK BlackRock 77.34M -2.38M -3.0%
Two Sigma Investments 2.4M +2.35M +4277.4%

Financial report summary

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Risks
  • Our revenues depend on commercial network deployments, expansions and upgrades of CDMA, OFDMA and other communications technologies, including 5G; our customers’ and licensees’ sales of products and services based on these technologies; and customers’ demand for our products and services.
  • We derive a significant portion of our revenues from a small number of customers and licensees, which increasingly includes a small number of Chinese OEMs. 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.
  • We derive a significant portion of our revenues from the premium-tier device segment. If sales of premium-tier devices decrease, or sales of our premium-tier integrated circuit products decrease, our results of operations could be negatively affected.
  • The enforcement and protection of our intellectual property rights may be expensive, could fail to prevent misappropriation or unauthorized use of our intellectual property rights, 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 rights and by ineffective enforcement of laws in such jurisdictions.
  • Our growth increasingly depends on our ability to extend our technologies, products and services into new and expanded product areas, such as RFFE, and adjacent industry segments and applications outside of traditional cellular industries, such as automotive, computing, IoT and networking, among others. Our research, development and other investments in these new and expanded product areas, industry segments and applications, and related technologies, products and services, as well as in our existing technologies, products and services and new technologies, such as 5G, may not generate operating income or contribute to future results of operations that meet our expectations.
  • 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, exposure to natural disasters, timely supply of equipment and materials, and various manufacturing issues.
  • The continued and future success of our licensing programs requires us to continue to evolve our patent portfolio, and our licensing programs may be impacted by the proliferation of devices in new industry segments such as automotive, computing, IoT and networking, as well as the need to renew or renegotiate license agreements that are expiring or to cover additional future patents.
  • We depend on a limited number of third-party suppliers for the procurement, manufacture and testing of our products manufactured in a fabless production model. If we fail to execute supply strategies that provide technology leadership, supply assurance and low cost, 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.
  • Claims by other companies that we infringe their intellectual property could adversely affect our business.
  • We may engage in strategic acquisitions, 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 are subject to various laws, regulations, policies and standards. Our business may suffer as a result of existing, new or amended laws, regulations, policies or standards, or our failure or inability to comply with laws, regulations, policies or standards.
  • Our use of open source software may harm our business.
  • There are risks associated with our indebtedness and our significant stock repurchase program.
  • Our business and operations could suffer in the event of security breaches of our information technology systems, or other misappropriation of our intellectual property or proprietary or confidential information.
  • Potential tax liabilities could adversely affect our results of operations.
  • Global, regional or local economic conditions, or political actions including trade and/or national security protection policies, such as tariffs, that impact the mobile communications industry or the other industries in which we operate could negatively affect the demand for our products and services and our customers’ or licensees’ products and services, which may negatively affect our revenues.
  • We may not be able to attract and retain qualified employees.
  • Currency fluctuations could negatively affect future product sales or royalty revenues, harm our ability to collect receivables or increase the U.S. dollar cost of our products.
  • Failures in our products or services, or in the products or services of our customers or licensees, including those resulting from security vulnerabilities, defects or errors, could harm our business.
Management Discussion
  • Revenues for the third quarter of fiscal 2020 were $4.9 billion, a decrease of 49% compared to the year ago quarter, with net income of $845 million, a decrease of 61% compared to the year ago quarter. Year-over-year comparisons were significantly impacted by $4.7 billion in licensing revenues recorded in the third quarter of fiscal 2019, which were not allocated to our segment results, resulting from the settlement with Apple and its contract manufacturers in April 2019, as well as a $2.5 billion tax expense recorded in the third quarter of fiscal 2019 due to the derecognition of a deferred tax asset as a result of an agreement with the Internal Revenue Service under which we forwent the federal tax basis step-up in certain distributed intellectual property. Highlights and other key developments from the third quarter of fiscal 2020 and other recent events included:
Content analysis ?
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H.S. junior Avg
New words: back, concept, derecognition, forwent, freely, legacy, mandated, nonrecognized, recover, repay, retroactive, taxable, threatened, underwriting
Removed: fall, file, half, holiday, Issuer, Legislation, ourself, war