UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________ FORM 10-Q _____________________ (Mark one) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☒ 1934 For the quarterly period ended June 25, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☐ 1934 For the transition period from to . Commission File Number 0-19528 QUALCOMM Incorporated (Exact name of registrant as specified in its charter) De ...

Qualcomm Incorporated (NASDAQ:QCOM) Bank of America 2023 Global Technology June 7, 2023 7:00 PM ET CorporateParticipants Nakul Duggal - Senior Vice President & General Manager, Automotive ConferenceCall Participants Tal Liani - Bank of America Tal Liani I'm good. Thank you. Okay, thank you very much all for joining us. We put the best to the last, as we say, and we wanted to dig very deep into Qualcomm's auto business. And I'm very pleased to host Nakul Duggal from Qualcomm, I'm going to let -- I'm going to ...

QUALCOMM Incorporated (NASDAQ:QCOM) 51st Annual J.P. Morgan Global Technology, Media and Communications Conference May 22, 2023 3:10 PM ET Company Participants Samik Chatterjee - JPMorgan Conference Call Participants Akash Palkhiwala - CFO Samik Chatterjee Good afternoon, everyone. I'm Samik Chatterjee. I cover hardware companies at JPMorgan. For the next session here, we have the pleasure of hosting QUALCOMM, and we have with us, Akash Palkhiwala, who's the CFO at QUALCOMM. Akash, thanks for coming here. A ...

Qualcomm Incorporated (NASDAQ:QCOM) Q2 2023 Earnings Conference Call May 3, 2023 4:45 PM ET Company Participants Mauricio Lopez - VP of IR Cristiano Amon - President and CEO Akash Palkhiwala - CFO Conference Call Participants Samik Chatterjee - JPMorgan Matthew Ramsey - TD Cowen Mike Walkley - Canaccord Genuity Stacy Rasgon - Bernstein Research Ross Seymore - Deutsche Bank Joe Moore - Morgan Stanley Blayne Curtis - Barclays Brett Simpson - Arete Research Tal Liani - Bank of America Merrill Lynch Operator La ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________ FORM 10-Q _____________________ (Mark one) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☒ 1934 For the quarterly period ended March 26, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☐ 1934 For the transition period from to . Commission File Number 0-19528 QUALCOMM Incorporated (Exact name of registrant as specified in its charter) D ...

Qualcomm Incorporated (NASDAQ:QCOM) Q1 2023 Results Conference Call February 2, 2023 4:45 PM ET Company Participants Mauricio Lopez-Hodoyan - VP, IR Cristiano Amon - President and CEO Akash Palkhiwala - CFO Alex Rogers - President, QTL and Global Affairs Conference Call Participants Samik Chatterjee - JPMorgan Matt Ramsay - Cowen Mike Walkley - Canaccord Genuity Stacy Rasgon - Bernstein Research Ross Seymore - Deutsche Bank Joe Moore - Morgan Stanley Blayne Curtis - Barclays Brett Simpson - Arete Research T ...

Financial Performance - Total revenues for the quarter ended December 25, 2022 were $9.463 billion, a decrease from $10.705 billion in the same period last year[20] - Net income for the quarter was $2.235 billion, down from $3.399 billion in the prior year period[20] - Comprehensive income for the quarter was $2.550 billion, down from $3.329 billion in the prior year period[22] - Net income from continuing operations for the three months ended December 25, 2022 was $2.273 billion, compared to $3.399 billion in the same period last year[24] - Total QCT revenues for the three months ended December 25, 2022 were $7.892 billion, down from $8.847 billion in the same period last year, with Handsets revenue at $5.754 billion, Automotive at $456 million, and IoT at $1.682 billion[33] - QCT segment revenue for Q3 2022 was $7.892 billion, a decrease from $8.847 billion in Q3 2021[54] - QTL segment revenue for Q3 2022 was $1.524 billion, down from $1.818 billion in Q3 2021[54] - Total revenue for Q3 2022 was $9.463 billion, compared to $10.705 billion in Q3 2021[54] - QCT segment EBT for Q3 2022 was $2.183 billion, a decrease from $3.114 billion in Q3 2021[54] - QTL segment EBT for Q3 2022 was $1.117 billion, down from $1.406 billion in Q3 2021[54] - Total EBT for Q3 2022 was $2.371 billion, compared to $3.865 billion in Q3 2021[54] Cash Flow and Liquidity - Cash and cash equivalents increased to $4.808 billion as of December 25, 2022, up from $2.773 billion at September 25, 2022[19] - Net cash provided by operating activities for the three months ended December 25, 2022 was $3.095 billion, up from $2.057 billion in the same period last year[24] - The company's marketable securities totaled $3.43 billion as of December 25, 2022, including $3.185 billion in corporate bonds and notes[66] - Available-for-sale debt securities had contractual maturities of $1.26 billion within one year and $1.941 billion between one to five years[67] Expenses and Investments - Research and development expenses increased to $2.251 billion, up from $1.930 billion in the prior year quarter[20] - Unallocated R&D expenses for Q3 2022 were $522 million, up from $453 million in Q3 2021[57] - Unallocated SG&A expenses for Q3 2022 were $167 million, compared to $152 million in Q3 2021[57] - Unallocated interest expense for Q3 2022 was $170 million, up from $139 million in Q3 2021[57] - Unallocated investment and other income for Q3 2022 was $87 million, compared to $23 million in Q3 2021[57] - Investment and Other Income, Net for the three months ended December 25, 2022 was $76 million, compared to $140 million in the same period last year[36] Debt and Financing - Long-term debt increased to $15.431 billion as of December 25, 2022, up from $13.537 billion at September 25, 2022[19] - The company issued $1.9 billion in new fixed-rate notes in November 2022, with rates ranging from 5.40% to 6.00% and maturities extending to 2053[42] - Total long-term debt increased from $14.983 billion at September 25, 2022 to $16.877 billion at December 25, 2022[43] - The company terminated $1.6 billion in interest rate swaps during Q1 fiscal 2023, resulting in $334 million in gains being reclassified to reduce interest expense[45] - The company terminated forward-starting interest rate swaps with a notional amount of $1.6 billion, recording gains of $334 million to reduce interest expense[142] Shareholder Equity and Dividends - Total stockholders' equity as of December 25, 2022 was $18.810 billion, up from $11.333 billion in the same period last year[26] - Dividends per share announced for the three months ended December 25, 2022 were $0.75, compared to $0.68 in the same period last year[26] - The company announced a cash dividend of $0.75 per share payable on March 23, 2023[40] - $6.8 billion remained authorized for stock repurchase under the company's $10.0 billion program as of December 25, 2022, with $531 million used to repurchase 5 million shares since then[38] - Shares outstanding decreased from 1,121 million at September 25, 2022 to 1,119 million at December 25, 2022[40] - Dilutive common share equivalents included in diluted shares decreased from 18 million in Q1 fiscal 2022 to 9 million in Q1 fiscal 2023[41] Inventory and Assets - Total current assets increased to $21.098 billion as of December 25, 2022, compared to $20.724 billion at September 25, 2022[19] - Inventories as of December 25, 2022 were $6.932 billion, up from $6.341 billion at September 25, 2022, with raw materials at $228 million, work-in-process at $3.647 billion, and finished goods at $3.057 billion[30] Licensing and Revenue Concentration - The company's licensing revenues decreased to $1.679 billion from $2.023 billion year-over-year[20] - Revenues from customer/licensee (y) accounted for 34% of total revenues for the three months ended December 25, 2022, up from 26% in the same period last year[34] Restructuring and Severance - Restructuring charges for the three months ended December 25, 2022 were $80 million, primarily related to accrued severance costs, with an additional $80 million expected in the second quarter of fiscal 2023[35] Tax and Unrecognized Benefits - The company estimates its annual effective income tax rate for fiscal 2023 to be 9%, lower than the U.S. federal statutory rate due to preferential treatment of foreign-derived intangible income and R&D tax credits[37] - Unrecognized tax benefits remained at $2.2 billion as of December 25, 2022, primarily related to a Korean withholding tax refund claim[37] Acquisitions and Investments - The total cash consideration for the acquisition of Veoneer was $4.7 billion, including $4.6 billion for capital stock and equity awards, and a $110 million termination fee paid to Magna[58] - The company provided approximately $300 million in funding to the Non-Arriver businesses, with $150 million remaining available as of December 25, 2022[58] - Magna agreed to acquire the Active Safety business from SSW Partners for approximately $1.5 billion in cash, expected to be completed within fiscal 2023[59] - The accounting purchase price for Veoneer was approximately $4.3 billion, excluding Veoneer's convertible senior notes[61] - Goodwill related to the Veoneer acquisition was allocated $2.789 billion, with $471 million expected to be deductible for tax purposes[62] - Completed technology-based intangible assets were valued at $349 million, to be amortized over nine years, while IPR&D was valued at $298 million, expected to be completed by fiscal 2025[62] Business Risks - The company's semiconductor business faces risks from customers developing their own integrated circuit products[7] - A significant portion of the company's business is concentrated in China, exposing it to U.S./China trade tensions[7] Remaining Performance Obligations - Remaining performance obligations as of December 25, 2022 were $577 million, with $301 million expected to be recognized in the remainder of fiscal 2023[33]

QUALCOMM Incorporated (NASDAQ:QCOM) Barclays Global Technology, Media and Telecommunications Conference Call December 7, 2022 3:10 PM ET Company Participants Akash Palkhiwala - Chief Financial Officer Conference Call Participants Blayne Curtis - Barclays Blayne Curtis Happy to have with me Akash Palkhiwala, he is the CFO of QUALCOMM. Welcome. Question-and-Answer Session Q - Blayne Curtis We will get to the handset part, but I guess maybe I wanted to kind of start. You have had an Analyst Day and then an Aut ...

QUALCOMM Incorporated (NASDAQ:QCOM) Arete Tech Conference December 6, 2022 11:00 AM ET Company Participants Nakul Duggal - SVP and General Manager Mauricio Lopez - VP of IR Conference Call Participants Brett Simpson - Arete Research Blair Botha - Arete Research Brett Simpson Okay. Hi, everyone. It's Brett Simpson at Arete, again, thanks for dialing in everyone. So it's a real pleasure to welcome Nakul Duggal, to our conference today. If anyone is in doubt that Qualcomm is no longer just a smartphone chip m ...