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QCOM Qualcomm

Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G. When people connected the phone to the internet, the mobile revolution was born. Today, foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone. The company brings the benefits of mobile to new industries, including automotive, the internet of things, and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly. Qualcomm Incorporated includes licensing business, QTL, and the vast majority of patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions, and substantially all of our products and services businesses, including our QCT semiconductor business.

QCOM stock data

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Calendar

28 Apr 21
18 May 21
26 Sep 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Sep 20 Sep 19 Sep 18 Sep 17
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.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 6B 6B 6B 6B 6B 6B
Cash burn (monthly) 358.67M 200.25M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 605.35M 337.98M n/a n/a n/a n/a
Cash remaining 5.39B 5.66B n/a n/a n/a n/a
Runway (months of cash) 15.0 28.3 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 May 21 Brian Modoff Common Stock Sell Dispose S Yes Yes 129.3245 1,510 195.28K 78,546
5 Apr 21 Ann M Livermore Common Stock Option exercise Aquire M Yes No 0 4,134 0 8,858
5 Apr 21 Ann M Livermore Deferred Stock Unit Common Stock Option exercise Dispose M No No 0 4,134.685 0 9,578.607
5 Apr 21 Henderson Jeffrey William Common Stock Sale back to company Dispose D No No 140.33 1,333 187.06K 4,015
5 Apr 21 Henderson Jeffrey William Common Stock Option exercise Aquire M No No 0 4,134 0 5,348
5 Apr 21 Henderson Jeffrey William Deferred Stock Unit Common Stock Option exercise Dispose M No No 0 4,134.685 0 9,578.607
5 Apr 21 Fields Mark Common Stock Option exercise Aquire M Yes No 0 3,069 0 3,069
5 Apr 21 Fields Mark Deferred Stock Unit Common Stock Option exercise Dispose M No No 0 3,069.196 0 9,578.607
5 Apr 21 Smit Neil Common Stock Option exercise Aquire M Yes No 0 3,069 0 3,069
5 Apr 21 Smit Neil Deferred Stock Unit Common Stock Option exercise Dispose M No No 0 3,069.196 0 9,578.607

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

76.1% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 2081 1847 +12.7%
Opened positions 342 225 +52.0%
Closed positions 108 96 +12.5%
Increased positions 778 692 +12.4%
Reduced positions 744 735 +1.2%
13F shares
Current Prev Q Change
Total value 130.64B 105B +24.4%
Total shares 858.17M 847.23M +1.3%
Total puts 27.46M 20.34M +35.0%
Total calls 14.64M 14.03M +4.3%
Total put/call ratio 1.9 1.4 +29.4%
Largest owners
Shares Value Change
Vanguard 103.62M $15.78B +0.1%
BLK Blackrock 80M $12.19B +5.6%
FMR 56.96M $8.68B +3.4%
STT State Street 47.35M $7.21B +0.4%
TROW T. Rowe Price 38.18M $5.82B -22.0%
IVZ Invesco 19.95M $3.04B -2.6%
Geode Capital Management 17.24M $2.62B +1.4%
BAC Bank Of America 15.42M $2.35B +4.5%
NTRS Northern Trust 15.42M $2.35B +0.1%
BK Bank Of New York Mellon 15.32M $2.33B -15.0%
Largest transactions
Shares Bought/sold Change
Norges Bank 10.76M +10.76M NEW
TROW T. Rowe Price 38.18M -10.76M -22.0%
Primecap Management 11.58M -6.06M -34.4%
Capital World Investors 4.53M -5.75M -55.9%
BLK Blackrock 80M +4.22M +5.6%
JPM JPMorgan Chase & Co. 15.31M +3.25M +26.9%
Alliancebernstein 13.28M +3.16M +31.2%
Allianz Asset Management GmbH 4.25M +2.72M +177.8%
BK Bank Of New York Mellon 15.32M -2.71M -15.0%
Putnam Investments 5.57M +2.4M +75.7%

Financial report summary

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Risks
  • RISKS RELATED TO THE CORONAVIRUS (COVID-19) PANDEMIC
  • The recent coronavirus (COVID-19) pandemic has had an adverse effect on our business and results of operations, and we expect its impact will continue, at least in the near term.
  • RISKS RELATED TO INDUSTRY DYNAMICS AND COMPETITION
  • Our revenues depend on our customers’ and licensees’ sales of products and services based on CDMA, OFDMA 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 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 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 SPECIFIC TO OUR LICENSING BUSINESS
  • 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.
  • 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 or to cover additional future patents.
  • RISKS RELATED TO REGULATORY AND LEGAL CHALLENGES
  • Our business may suffer as a result of adverse rulings in government investigations or proceedings.
  • RISKS RELATED TO SUPPLY AND MANUFACTURING
  • 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 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, timely supply of equipment and materials, and various manufacturing issues.
  • RISKS RELATED TO NEW AND ADJACENT INITIATIVES
  • Our growth depends in part on our ability to extend our technologies and products into new and expanded product areas, and adjacent industry segments or applications beyond mobile. Our research, development and other investments in these new and expanded product areas, industry segments or 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 strategic acquisitions and other 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 CYBERSECURITY OR MISAPPROPRIATION OF OUR CRITICAL INFORMATION
  • Our business and operations could suffer in the event of security breaches of our information technology systems, or other misappropriation of our technology, intellectual property or other proprietary or confidential information.
  • 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 other companies that we infringe their intellectual property could adversely affect our business.
  • Our use of open source software may harm our business.
  • RISKS RELATED TO HUMAN CAPITAL MANAGEMENT
  • We may not be able to attract and retain qualified employees.
  • 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.
  • 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.
  • 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.
Management Discussion
  • Revenues for the second quarter of fiscal 2021 were $7.9 billion, an increase of 52% compared to the year ago quarter, with net income of $1.8 billion, an increase of 276% compared to the year ago quarter. Highlights from the second quarter of fiscal 2021 and other recent events included:
  • •QCT revenues increased by 53% in the second quarter of fiscal 2021 compared to the year ago quarter, primarily due to an increase in demand for 5G products across handsets and RFFE, along with higher automotive and IoT revenues.
  • •QTL revenues increased by 51% in the second quarter of fiscal 2021 compared to the year ago quarter, primarily due to an increase in estimated sales of 3G/4G/5G-based multimode products, which was primarily driven by a recovery from the negative impacts of COVID-19.
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