Operating Profit Margin
since 2005
Calculation
Qualcomm Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income1 | ÷ | Revenues1 | |
|---|---|---|---|---|---|---|---|
| Sep 27, 2026 | 20.08% | = | 100 | × | 8,658) | ÷ | 43,120) |
| Sep 28, 2025 | 27.90% | = | 100 | × | 12,355) | ÷ | 44,284) |
| Sep 29, 2024 | 25.85% | = | 100 | × | 10,071) | ÷ | 38,962) |
| Sep 24, 2023 | 21.74% | = | 100 | × | 7,788) | ÷ | 35,820) |
| Sep 25, 2022 | 35.88% | = | 100 | × | 15,860) | ÷ | 44,200) |
| Sep 26, 2021 | 29.16% | = | 100 | × | 9,789) | ÷ | 33,566) |
| Sep 27, 2020 | 26.58% | = | 100 | × | 6,255) | ÷ | 23,531) |
| Sep 29, 2019 | 31.59% | = | 100 | × | 7,667) | ÷ | 24,273) |
| Sep 30, 2018 | 3.26% | = | 100 | × | 742) | ÷ | 22,732) |
| Sep 24, 2017 | 11.73% | = | 100 | × | 2,614) | ÷ | 22,291) |
| Sep 25, 2016 | 27.57% | = | 100 | × | 6,495) | ÷ | 23,554) |
| Sep 27, 2015 | 22.85% | = | 100 | × | 5,776) | ÷ | 25,281) |
| Sep 28, 2014 | 28.50% | = | 100 | × | 7,550) | ÷ | 26,487) |
| Sep 29, 2013 | 29.08% | = | 100 | × | 7,230) | ÷ | 24,866) |
| Sep 30, 2012 | 29.72% | = | 100 | × | 5,682) | ÷ | 19,121) |
| Sep 25, 2011 | 33.60% | = | 100 | × | 5,026) | ÷ | 14,957) |
| Sep 26, 2010 | 29.87% | = | 100 | × | 3,283) | ÷ | 10,991) |
| Sep 27, 2009 | 21.37% | = | 100 | × | 2,226) | ÷ | 10,416) |
| Sep 28, 2008 | 33.48% | = | 100 | × | 3,730) | ÷ | 11,142) |
| Sep 30, 2007 | 32.50% | = | 100 | × | 2,883) | ÷ | 8,871) |
| Sep 24, 2006 | 35.74% | = | 100 | × | 2,690) | ÷ | 7,526) |
| Sep 25, 2005 | 42.06% | = | 100 | × | 2,386) | ÷ | 5,673) |
Based on: 10-K (reporting date: 2026-09-27), 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), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).
1 US$ in millions
The operating profit margin exhibits significant volatility over the analyzed period, characterized by distinct cycles of expansion, severe contraction, and subsequent recovery.
- Early Trend and Initial Stability (2005–2014)
- A general downward trajectory is observed in the early years, with the operating profit margin decreasing from a peak of 42.06% in 2005 to 28.50% by 2014. A notable temporary decline occurred in 2009, when the margin dropped to 21.37% before stabilizing back within the 28% to 33% range over the following five years.
- Period of Severe Margin Erosion (2015–2018)
- A critical collapse in operational efficiency is evident between 2015 and 2018. The operating profit margin plummeted from 22.85% in 2015 to 11.73% in 2017, eventually reaching a historical minimum of 3.26% in 2018. This period represents the most significant divergence between revenue growth and profitability, as operating income fell to 742 million USD despite revenues remaining above 22 billion USD.
- Recovery and Recent Fluctuations (2019–2026)
- A sharp rebound is noted in 2019, with the margin returning to 31.59%. This recovery trend peaked in 2022 at 35.88%, the highest level seen since 2006. However, the subsequent years show renewed instability, with the margin falling to 21.74% in 2023, recovering to 27.90% in 2025, and declining again to 20.08% in 2026.
Overall, while revenues have expanded substantially from 5.67 billion USD in 2005 to projected levels of 43.12 billion USD by 2026, the operating profit margin has not maintained a linear correlation with this growth. The data indicates a susceptibility to periodic and severe operational shocks, followed by successful, yet inconsistent, recovery phases.
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Comparison to Competitors
Qualcomm Inc., operating profit margin, long-term trends, comparison to competitors
| Qualcomm Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | Lam Research Corp. | Marvell Technology Inc. | Micron Technology Inc. | NVIDIA Corp. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 27, 2026 | 20.08% | — | — | — | — | — | 35.29% | 16.14% | 74.59% | 60.38% | — |
| Sep 28, 2025 | 27.90% | 10.66% | 26.61% | 29.22% | 39.89% | -4.19% | 32.01% | -12.49% | 26.14% | 62.42% | 34.06% |
| Sep 29, 2024 | 25.85% | 7.37% | 21.56% | 28.95% | 26.10% | -21.99% | 28.61% | -10.31% | 5.19% | 54.12% | 34.94% |
| Sep 24, 2023 | 21.74% | 1.77% | 31.07% | 28.86% | 45.25% | 0.17% | 29.69% | 4.02% | -36.97% | 15.66% | 41.85% |
| Sep 25, 2022 | 35.88% | 5.36% | 27.29% | 30.20% | 42.84% | 3.70% | 31.24% | -7.79% | 31.54% | 37.31% | 50.63% |
| Sep 26, 2021 | 29.16% | 22.20% | 23.12% | 29.87% | 31.03% | 24.62% | 30.64% | -8.70% | 22.68% | 27.18% | 48.84% |
| Sep 27, 2020 | 26.58% | 14.02% | 26.74% | 25.37% | 16.80% | 30.41% | 26.62% | -9.02% | 14.01% | 26.07% | 40.76% |
| Sep 29, 2019 | 31.59% | 9.37% | 28.55% | 22.93% | 15.24% | 30.62% | 25.53% | 1.51% | 31.51% | 32.47% | 39.79% |
| Sep 30, 2018 | 3.26% | 6.97% | 30.35% | 27.80% | 24.63% | 32.91% | 29.01% | 17.84% | 49.34% | 33.05% | 42.53% |
| Sep 24, 2017 | 11.73% | 3.83% | 20.66% | 26.61% | 13.51% | 28.58% | 23.74% | 4.31% | 28.88% | 27.99% | 40.66% |
| Sep 25, 2016 | 27.57% | -8.71% | 30.05% | 19.88% | -3.09% | 21.68% | 18.25% | -29.96% | 1.35% | 14.91% | 35.89% |
| Sep 27, 2015 | 22.85% | -12.05% | 24.19% | 17.53% | 23.92% | 25.29% | 14.98% | 11.03% | 18.52% | 16.21% | 32.88% |
| Sep 28, 2014 | 28.50% | -2.82% | 26.27% | 16.75% | 10.26% | 27.47% | 14.71% | 8.24% | 18.87% | 12.01% | 30.26% |
| Sep 29, 2013 | 29.08% | 1.94% | 28.59% | 5.75% | 21.90% | 23.32% | 3.28% | 9.30% | 2.60% | 15.15% | 23.20% |
| Sep 30, 2012 | 29.72% | -19.48% | 30.51% | 4.71% | 24.62% | 27.44% | 8.92% | 17.81% | -7.51% | 16.22% | 15.38% |
| Sep 25, 2011 | 33.60% | 5.60% | 35.81% | 22.80% | 25.00% | 32.37% | 24.84% | 24.95% | 8.59% | 7.22% | 21.78% |
| Sep 26, 2010 | 29.87% | 13.06% | 32.59% | 14.49% | 22.26% | 35.73% | 19.94% | 11.90% | 18.73% | -2.97% | 32.32% |
| Sep 27, 2009 | 21.37% | 12.29% | 14.14% | -7.85% | 3.23% | 16.26% | -25.20% | 5.60% | -34.87% | -2.06% | 19.09% |
| Sep 28, 2008 | 33.48% | -33.66% | 24.20% | 16.67% | — | 23.82% | 20.58% | -3.65% | -27.31% | 20.41% | 19.49% |
| Sep 30, 2007 | 32.50% | -47.65% | 22.24% | 24.36% | — | 21.43% | 30.34% | 0.05% | -4.92% | 14.78% | 25.28% |
| Sep 24, 2006 | 35.74% | -0.83% | 21.44% | 22.04% | — | 15.97% | 24.74% | 21.54% | 6.64% | 14.32% | 23.62% |
| Sep 25, 2005 | 42.06% | 3.96% | 21.60% | 20.71% | — | 31.14% | 26.02% | 13.22% | 4.46% | 5.65% | 20.84% |
Based on: 10-K (reporting date: 2026-09-27), 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), 10-K (reporting date: 2019-09-29), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-24), 10-K (reporting date: 2016-09-25), 10-K (reporting date: 2015-09-27), 10-K (reporting date: 2014-09-28), 10-K (reporting date: 2013-09-29), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-25), 10-K (reporting date: 2010-09-26), 10-K (reporting date: 2009-09-27), 10-K (reporting date: 2008-09-28), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-24), 10-K (reporting date: 2005-09-25).