Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

Qualcomm Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Mar 29, 2026 Dec 28, 2025 Sep 28, 2025 Jun 29, 2025 Mar 30, 2025 Dec 29, 2024 Sep 29, 2024 Jun 23, 2024 Mar 24, 2024 Dec 24, 2023 Sep 24, 2023 Jun 25, 2023 Mar 26, 2023 Dec 25, 2022 Sep 25, 2022 Jun 26, 2022 Mar 27, 2022 Dec 26, 2021 Sep 26, 2021 Jun 27, 2021 Mar 28, 2021 Dec 27, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019
Cash and cash equivalents
Restricted cash
Marketable securities
Accounts receivable, net
Inventories
Held for sale assets
Other current assets
Current assets
Deferred tax assets
Property, plant and equipment, net
Goodwill
Other intangible assets, net
Held for sale assets
Other assets
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2026-03-29), 10-Q (reporting date: 2025-12-28), 10-K (reporting date: 2025-09-28), 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-Q (reporting date: 2024-12-29), 10-K (reporting date: 2024-09-29), 10-Q (reporting date: 2024-06-23), 10-Q (reporting date: 2024-03-24), 10-Q (reporting date: 2023-12-24), 10-K (reporting date: 2023-09-24), 10-Q (reporting date: 2023-06-25), 10-Q (reporting date: 2023-03-26), 10-Q (reporting date: 2022-12-25), 10-K (reporting date: 2022-09-25), 10-Q (reporting date: 2022-06-26), 10-Q (reporting date: 2022-03-27), 10-Q (reporting date: 2021-12-26), 10-K (reporting date: 2021-09-26), 10-Q (reporting date: 2021-06-27), 10-Q (reporting date: 2021-03-28), 10-Q (reporting date: 2020-12-27), 10-K (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29), 10-Q (reporting date: 2019-12-29).


The asset structure of the organization has undergone a significant transition from a highly liquid position toward a heavier concentration of non-current assets, specifically goodwill. There is a notable shift in the composition of current assets, characterized by a reduction in cash equivalents and a substantial increase in inventory levels over the analyzed period.

Liquidity and Cash Management
A pronounced downward trend in cash and cash equivalents is observed, falling from a peak of 33.55% of total assets in December 2019 to a low of 5.66% by June 2022. Although a partial recovery occurred, with values fluctuating between 9% and 17% in subsequent quarters, the overall liquidity profile remains lower than the 2019 baseline. Marketable securities showed initial growth, peaking at 14.87% in March 2021, before stabilizing in the 7% to 12% range.
Working Capital Trends
Inventories have experienced a steady and significant expansion, rising from 4.29% of total assets in December 2019 to consistently exceeding 11% from 2022 onward, peaking at 14.18% in March 2023. Conversely, accounts receivable, net, remained relatively volatile but generally trended lower, moving from an initial range of 8% to 11% toward a narrower band of 5% to 8% in later periods.
Non-Current Asset Composition
The proportion of total assets held as goodwill has trended upward, increasing from 19.02% in December 2019 to a peak of 26.74% in September 2025. This is contrasted by a consistent decline in other intangible assets, which fell from 6.18% to 2.76% over the same duration, likely reflecting scheduled amortization. Property, plant, and equipment, net, remained relatively stable, though a gradual contraction is noted, moving from approximately 10% to 8.88% of the total asset base.
Overall Balance Sheet Structure
The distribution between current and non-current assets has shifted. Current assets, which initially comprised nearly 49% of total assets, saw a decline to a low of 39.44% in March 2023. Non-current assets subsequently grew to represent a larger portion of the balance sheet, reaching 59.55% by March 2026. A significant one-time increase in deferred tax assets to 10.45% is observed in the final reported quarter.