Balance Sheet: Assets
Quarterly Data
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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- Statement of Comprehensive Income
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Enterprise Value (EV)
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
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Qualcomm Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
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).
Total assets exhibited a sustained upward trajectory over the analyzed period, increasing from US$ 33,111 million in December 2019 to US$ 57,136 million by March 2026. This growth is characterized by expansions in both current and non-current asset categories, indicating a significant increase in the overall scale of the balance sheet.
- Liquidity and Cash Management
- Cash and cash equivalents demonstrated considerable volatility, starting at US$ 11,109 million in December 2019 and reaching a cyclical low of US$ 2,676 million in June 2022. A recovery followed, with balances stabilizing between US$ 5,000 million and US$ 9,000 million in the subsequent years. Marketable securities acted as a complementary liquidity tool, growing from US$ 314 million in 2019 to a peak of US$ 6,643 million in December 2024, suggesting a strategic shift in how short-term surpluses were held.
- Operational Working Capital
- Inventories showed the most consistent growth pattern among current assets, rising from US$ 1,420 million in December 2019 to US$ 7,368 million by March 2026. This steady increase suggests a substantial expansion in production capacity or a strategic build-up of stock to meet demand. Accounts receivable remained relatively stable but trended upward, moving from US$ 2,737 million to US$ 4,347 million over the same period.
- Long-term Asset Investment and Strategic Growth
- Non-current assets grew from US$ 16,906 million in December 2019 to US$ 34,024 million by March 2026. A primary driver of this growth was Goodwill, which experienced a sharp increase between March 2022 (US$ 7,261 million) and June 2022 (US$ 10,719 million), followed by a further rise to US$ 14,251 million by December 2025, indicating significant inorganic growth through acquisitions. Property, plant, and equipment also saw a gradual increase, rising from US$ 3,171 million to US$ 5,071 million, reflecting ongoing investment in physical infrastructure.
- Other Asset Trends
- Other assets experienced a prolonged increase from US$ 5,393 million in 2019 to a peak of US$ 13,215 million in September 2024. A notable correction occurred in late 2025, where values moderated to approximately US$ 7,159 million by March 2026. Additionally, the appearance of deferred tax assets totaling US$ 5,968 million in March 2026 contributed to the final period's total asset peak.