Analysis of Revenues
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- Statement of Comprehensive Income
- Common-Size Income Statement
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
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Revenues as Reported
Qualcomm Inc., income statement, revenues
US$ in millions
Based on: 10-K (reporting date: 2025-09-28), 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27).
The revenue data over multiple years indicates distinct trends across various segments, reflecting shifts in business focus and market dynamics.
- Handsets Segment
- The handset revenue shows a steady upward trajectory, increasing significantly from approximately $10.5 billion in 2020 to nearly $27.8 billion in 2025. There was a notable surge between 2020 and 2022, followed by a slight dip in 2023, and then a recovery in the last two reported years.
- RFFE Segment
- Revenues for the RFFE segment grew considerably from 2020 to 2022, almost doubling by 2021 and rising slightly the following year. However, data beyond 2022 is missing, preventing a full trend analysis for the latest periods.
- Automotive Segment
- This segment experienced consistent growth across all available years, more than doubling every couple of years. Starting from $644 million in 2020, it escalated to nearly $4 billion by 2025, indicating a strong expansion in automotive-related revenues.
- Internet of Things (IoT) Segment
- IoT revenues increased markedly from 2020 to 2022, peaking at about $6.9 billion. Subsequently, there was a decline in 2023 and 2024, with revenues falling below the 2022 peak. In 2025, the revenue rose again, suggesting some recovery but not surpassing the earlier high.
- Qualcomm CDMA Technologies (QCT)
- QCT segment revenues followed a similar pattern to handsets with strong growth through 2022 reaching nearly $37.7 billion. However, 2023 saw a decline, followed by a rebound in 2024 and 2025. This fluctuation may reflect broader market conditions or product cycle impacts in this core business area.
- Qualcomm Technology Licensing (QTL)
- Licensing revenues increased modestly from 2020 to 2022, plateauing around $6.3 billion. There was a decline in 2023 before a slight recovery in the last two years, maintaining a relatively stable contribution to total revenues.
- Qualcomm Strategic Initiatives (QSI)
- The QSI segment shows minimal and decreasing revenue, peaking at $45 million in 2021 and declining to $18 million by 2024. Data for 2025 is missing, but the trend suggests a diminishing role for this segment.
- Nonreportable Segments
- This category maintains steady, low-volume revenue with a slight upward trend from $133 million in 2020 to $192 million in 2025, implying minor but consistent contributions.
- Unallocated Revenues
- Unallocated revenues exhibit volatility, starting at $1.8 billion in 2020 but dropping sharply and showing negative and missing values in later years before a small positive rebound in 2025. This volatility may reflect internal adjustments or non-operating items.
- Reconciling Items
- Reconciling items decreased sharply from $1.97 billion in 2020 to just over $100 million by 2023, but then increased again to $335 million by 2025. These fluctuations suggest changing accounting reconciliations or adjustments affecting reported totals.
- Total Revenues
- Overall revenues increased significantly from $23.5 billion in 2020 to over $44.2 billion by 2025. The growth was strong through 2022, with a decline in 2023, and a recovery pattern in subsequent years. This demonstrates resilience and growth potential, despite some volatility in specific segments and reconciling items.