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QCOM Qualcomm

QUALCOMM, Inc. engages in the development, design, and provision of digital telecommunications products and services. It operates through the following segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on technologies for the use in voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses and provides rights to use portions of the firm's intellectual property portfolio. The QSI segment focuses on opening new or expanding opportunities for its technologies and supporting the design and introduction of new products and services for voice and data communications. The company was founded by Franklin P. Antonio, Adelia A. Coffman, Andrew Cohen, Klein Gilhousen, Irwin Mark Jacobs, Andrew J. Viterbi, and Harvey P. White in July 1985 and is headquartered in San Diego, CA.

QCOM stock data

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Calendar

3 Feb 21
28 Feb 21
26 Sep 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 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) 7.08B 7.08B 7.08B 7.08B 7.08B 7.08B
Cash burn (monthly) (positive/no burn) 336.08M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 689.71M n/a n/a n/a n/a
Cash remaining n/a 6.39B n/a n/a n/a n/a
Runway (months of cash) n/a 19.0 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
2 Feb 21 Polek Erin L Common Stock Sell Dispose S No Yes 164.74 44 7.25K 0
31 Dec 20 Fields Mark Common Stock Grant Aquire A No No 0 188 0 3,067.168
31 Dec 20 Mclaughlin Mark D Common Stock Grant Aquire A No No 0 451 0 8,039.869
31 Dec 20 Smit Neil Common Stock Grant Aquire A No No 0 188 0 2,773.274
31 Dec 20 Miller Jamie S Common Stock Grant Aquire A No No 0 94 0 216.53
74.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 2024 1844 +9.8%
Opened positions 310 225 +37.8%
Closed positions 130 97 +34.0%
Increased positions 764 691 +10.6%
Reduced positions 737 735 +0.3%
13F shares
Current Prev Q Change
Total value 129.1B 105B +23.0%
Total shares 843.82M 847.21M -0.4%
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
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%
Wellington Management 3.75M +2.2M +141.8%

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 first quarter of fiscal 2021 were $8.2 billion, an increase of 62% compared to the year ago quarter, with net income of $2.5 billion, an increase of 165% compared to the year ago quarter. Highlights and other key developments from the first quarter of fiscal 2021 and other recent events included:
  • •QCT and QTL results were positively impacted by Apple’s fall device launches in advance of the holiday season.
  • •QCT revenues increased by 81% in the first 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.
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