Qualcomm Files 10-Q: Financials for Q1 2025

TL;DR

QCOM 10-Q filed. Financials look solid for Q1 2025.

AI Summary

Qualcomm Inc. filed its 10-Q for the period ending December 29, 2024. The filing details the company's financial position, including common stock and retained earnings. Key financial data points and comparative figures from previous periods are presented within the report.

Why It Matters

This filing provides investors and analysts with the latest financial performance and position of Qualcomm, crucial for understanding the company's health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

• 458 — Common Stock (Represents the value of common stock and additional paid-in capital as of December 29, 2024.)
• 337 — Retained Earnings (Represents the retained earnings as of December 29, 2024.)

Key Players & Entities

• QUALCOMM INC/DE (company) — Filer of the 10-Q
• 2024-12-29 (date) — End of the reporting period
• 0000804328 (company) — Central Index Key for QUALCOMM INC/DE

FAQ

Key Financial Figures

• $0.0001 — ange on which registered Common Stock, $0.0001 par value QCOM The Nasdaq Stock Market

Filing Documents

• qcom-20241229.htm (10-Q) — 934KB
• qcom122924ex1026.htm (EX-10.26) — 88KB
• qcom122924ex311.htm (EX-31.1) — 10KB
• qcom122924ex312.htm (EX-31.2) — 10KB
• qcom122924ex321.htm (EX-32.1) — 5KB
• qcom122924ex322.htm (EX-32.2) — 5KB
• 0000804328-25-000011.txt ( ) — 4668KB
• qcom-20241229.xsd (EX-101.SCH) — 25KB
• qcom-20241229_cal.xml (EX-101.CAL) — 52KB
• qcom-20241229_def.xml (EX-101.DEF) — 103KB
• qcom-20241229_lab.xml (EX-101.LAB) — 455KB
• qcom-20241229_pre.xml (EX-101.PRE) — 281KB
• qcom-20241229_htm.xml (XML) — 464KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1. Condensed Consolidated Financial Statements (Unaudited) Condensed Consolidated Balance Sheets 4 Condensed Consolidated Statements of Operations 5 Condensed Consolidated Statements of Comprehensive Income 6 Condensed Consolidated Statements of Cash Flows 7 Condensed Consolidated Statements of Stockholders' Equity 8 Notes to Condensed Consolidated Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 22 Item 4.

Controls and Procedures

Controls and Procedures 22

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 23 Item 1A.

Risk Factors

Risk Factors 23 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 46 Item 3. Defaults Upon Senior Securities 46 Item 4. Mine Safety Disclosures 46 Item 5. Other Information 46 Item 6. Exhibits 47

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) QUALCOMM Incorporated CONDENSED CONSOLIDATED BALANCE SHEETS (In millions, except par value amounts) (Unaudited) December 29, 2024 September 29, 2024 ASSETS Current assets: Cash and cash equivalents $ 8,713 $ 7,849 Marketable securities 5,592 5,451 Accounts receivable, net 3,550 3,929 Inventories 6,303 6,423 Other current assets 1,907 1,579 Total current assets 26,065 25,231 Deferred tax assets 5,409 5,162 Property, plant and equipment, net 4,460 4,665 Goodwill 10,908 10,799 Other intangible assets, net 1,225 1,244 Other assets 7,508 8,053 Total assets $ 55,575 $ 55,154 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Trade accounts payable $ 2,581 $ 2,584 Payroll and other benefits related liabilities 1,424 1,834 Unearned revenues 212 297 Short-term debt 1,365 1,364 Other current liabilities 4,372 4,425 Total current liabilities 9,954 10,504 Unearned revenues 77 88 Long-term debt 13,212 13,270 Other liabilities 5,452 5,018 Total liabilities 28,695 28,880 Commitments and contingencies (Note 5) Stockholders' equity: Preferred stock, $ 0.0001 par value; 8 shares authorized; no ne outstanding — — Common stock and paid-in capital, $ 0.0001 par value; 6,000 shares authorized; 1,106 and 1,113 shares issued and outstanding, respectively — — Retained earnings 26,607 25,687 Accumulated other comprehensive income 273 587 Total stockholders' equity 26,880 26,274 Total liabilities and stockholders' equity $ 55,575 $ 55,154 See accompanying notes. 4 QUALCOMM Incorporated CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share data) (Unaudited) Three Months Ended December 29, 2024 December 24, 2023 Revenues: Equipment and services $ 9,942 $ 8,316 Licensing 1,727 1,619 Total revenues 11,669 9,935 Costs and expenses: Cost of revenues 5,161 4,312 Research and development 2,230 2,096 Selling, general and administr

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View this 10-Q filing on SEC EDGAR