Analysis of Reportable Segments
Qualcomm Inc. operates in 3 segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).
Segment Profit Margin
Qualcomm Inc., profit margin by reportable segment
| Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | |
|---|---|---|---|---|---|---|
| Qualcomm CDMA Technologies (QCT) | 26.08% | 34.07% | 28.73% | 16.75% | 14.64% | 17.16% |
| Qualcomm Technology Licensing (QTL) | 68.38% | 72.79% | 73.21% | 68.46% | 64.34% | 68.27% |
| Qualcomm Strategic Initiatives (QSI) | -42.86% | -900.00% | 2,035.56% | -30.56% | 226.32% | 24.00% |
Based on: 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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Qualcomm CDMA Technologies (QCT) | Qualcomm CDMA Technologies (QCT) segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
| Qualcomm Technology Licensing (QTL) | Qualcomm Technology Licensing (QTL) segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Qualcomm Strategic Initiatives (QSI) | Qualcomm Strategic Initiatives (QSI) segment profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Segment Profit Margin: Qualcomm CDMA Technologies (QCT)
Qualcomm Inc.; Qualcomm CDMA Technologies (QCT); segment profit margin calculation
| Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Earnings (loss) before income taxes (EBT) | 7,924) | 12,837) | 7,763) | 2,763) | 2,143) | 2,966) |
| Revenues | 30,382) | 37,677) | 27,019) | 16,493) | 14,639) | 17,282) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 26.08% | 34.07% | 28.73% | 16.75% | 14.64% | 17.16% |
Based on: 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).
1 2023 Calculation
Segment profit margin = 100 × Earnings (loss) before income taxes (EBT) ÷ Revenues
= 100 × 7,924 ÷ 30,382 = 26.08%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Qualcomm CDMA Technologies (QCT) | Qualcomm CDMA Technologies (QCT) segment profit margin ratio improved from 2021 to 2022 but then deteriorated significantly from 2022 to 2023. |
Segment Profit Margin: Qualcomm Technology Licensing (QTL)
Qualcomm Inc.; Qualcomm Technology Licensing (QTL); segment profit margin calculation
| Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Earnings (loss) before income taxes (EBT) | 3,628) | 4,628) | 4,627) | 3,442) | 2,954) | 3,525) |
| Revenues | 5,306) | 6,358) | 6,320) | 5,028) | 4,591) | 5,163) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 68.38% | 72.79% | 73.21% | 68.46% | 64.34% | 68.27% |
Based on: 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).
1 2023 Calculation
Segment profit margin = 100 × Earnings (loss) before income taxes (EBT) ÷ Revenues
= 100 × 3,628 ÷ 5,306 = 68.38%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Qualcomm Technology Licensing (QTL) | Qualcomm Technology Licensing (QTL) segment profit margin ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Segment Profit Margin: Qualcomm Strategic Initiatives (QSI)
Qualcomm Inc.; Qualcomm Strategic Initiatives (QSI); segment profit margin calculation
| Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Earnings (loss) before income taxes (EBT) | (12) | (279) | 916) | (11) | 344) | 24) |
| Revenues | 28) | 31) | 45) | 36) | 152) | 100) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | -42.86% | -900.00% | 2,035.56% | -30.56% | 226.32% | 24.00% |
Based on: 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).
1 2023 Calculation
Segment profit margin = 100 × Earnings (loss) before income taxes (EBT) ÷ Revenues
= 100 × -12 ÷ 28 = -42.86%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Qualcomm Strategic Initiatives (QSI) | Qualcomm Strategic Initiatives (QSI) segment profit margin ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Revenues
Qualcomm Inc., revenues by reportable segment
US$ in millions
| Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | |
|---|---|---|---|---|---|---|
| Qualcomm CDMA Technologies (QCT) | 30,382) | 37,677) | 27,019) | 16,493) | 14,639) | 17,282) |
| Qualcomm Technology Licensing (QTL) | 5,306) | 6,358) | 6,320) | 5,028) | 4,591) | 5,163) |
| Qualcomm Strategic Initiatives (QSI) | 28) | 31) | 45) | 36) | 152) | 100) |
| Reconciling items | 104) | 134) | 182) | 1,974) | 4,891) | 187) |
| Total | 35,820) | 44,200) | 33,566) | 23,531) | 24,273) | 22,732) |
Based on: 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).
Earnings (loss) before income taxes (EBT)
Qualcomm Inc., earnings (loss) before income taxes (ebt) by reportable segment
US$ in millions
| Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | Sep 30, 2018 | |
|---|---|---|---|---|---|---|
| Qualcomm CDMA Technologies (QCT) | 7,924) | 12,837) | 7,763) | 2,763) | 2,143) | 2,966) |
| Qualcomm Technology Licensing (QTL) | 3,628) | 4,628) | 4,627) | 3,442) | 2,954) | 3,525) |
| Qualcomm Strategic Initiatives (QSI) | (12) | (279) | 916) | (11) | 344) | 24) |
| Reconciling items | (4,097) | (2,188) | (3,032) | (475) | 2,040) | (6,002) |
| Total | 7,443) | 14,998) | 10,274) | 5,719) | 7,481) | 513) |
Based on: 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).