How does QUALCOMM (QCOM) make money?

QUALCOMM (QCOM) generates revenue primarily from QCT, which accounted for 87.1% of total revenue in TTM through Q1 2026. The company reported $44.49B in revenue and converted 22.3% of it into net profit, equivalent to roughly $9.92B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of QUALCOMM (QCOM)?

QUALCOMM (QCOM) reported a gross profit margin of 54.8% in TTM through Q1 2026, equivalent to $24.38B in gross profit on $44.49B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of QUALCOMM (QCOM)?

QUALCOMM (QCOM) reported an operating profit margin of 25.5% in TTM through Q1 2026, equivalent to $11.36B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of QUALCOMM (QCOM)?

QUALCOMM (QCOM) reported a net profit margin of 22.3% in TTM through Q1 2026, equivalent to $9.92B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is QUALCOMM (QCOM) profitable?

Yes. QUALCOMM (QCOM) reported $9.92B in net income for TTM through Q1 2026, with a net profit margin of 22.3%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does QUALCOMM (QCOM) invest in research and development?

QUALCOMM (QCOM) invested $9.51B in research and development during TTM through Q1 2026, roughly 21.4% of total revenue. R&D spending funds the company's future product pipeline and is expensed in full on the income statement rather than capitalised, which makes the operating margin sensitive to how aggressively management chooses to reinvest in innovation.

How much does QUALCOMM (QCOM) spend on capital expenditures?

QUALCOMM (QCOM) spent $1.78B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 4.0% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does QUALCOMM (QCOM) generate?

QUALCOMM (QCOM) generated $12.50B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 28.1%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of QUALCOMM (QCOM)?

QUALCOMM (QCOM) had an effective tax rate of 15.2% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of QUALCOMM (QCOM)?

QUALCOMM (QCOM) reports revenue across 2 reportable product segments, led by QCT at 87.1% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

How QUALCOMM Makes Money: 2026 Visual Revenue Map

QUALCOMM (QCOM) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 29, 2026 (reported April 29, 2026).

QUALCOMM discloses geographic revenue only in annual filings. to view the full breakdown.

QUALCOMM (QCOM) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for QUALCOMM (QCOM) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
QCT	$38.75B	87.1%
QTL	$5.74B	12.9%
Total	$44.49B	100%

QCT$38.75B
QTL$5.74B
Total$44.49B

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, QUALCOMM (QCOM) reports revenue across 2 operating segments; the largest segment was QCT at 87.1%, followed by QTL (12.9%).

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