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 ...

科创板风险提示 本次发行股票拟在科创板上市，科创板公司具有研发投入大、经营风险 高、业绩不稳定、退市风险高等特点,投资者面临较大的市场风险。投资者应 充分了解科创板的投资风险及本公司所披露的风险因素，审慎作出投资决定。 广州慧智微电子股份有限公司 Smarter Microelectronics （Guangzhou）Co., Ltd. 广州市高新技术产业开发区科学城科学大道 182 号创新大厦 C2 第三层 307 单元 首次公开发行股票并在科创板上市 招股意向书 保荐人（主承销商） guoun （深圳市前海深港合作区南山街道桂湾五路128号前海深港基金小镇B7栋401） 广州慧智微电子股份有限公司 招股意向书 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任 何与之相反的声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发行 人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承担 股票依 ...

广州慧智微电子股份有限公司 Smarter Microelectronics （Guangzhou）Co., Ltd. 本次发行股票拟在科创板上市，科创板公司具有研发投入大、经营风险 高、业绩不稳定、退市风险高等特点,投资者面临较大的市场风险。投资者应 充分了解科创板的投资风险及本公司所披露的风险因素，审慎作出投资决定。 广州市高新技术产业开发区科学城科学大道 182 号创新大厦 C2 第三层 307 单元 招股说明书 （注册稿） （深圳市前海深港合作区南山街道桂湾五路128号前海深港基金小镇B7栋401） un 首次公开发行股票并在科创板上市 保荐机构（主承销商） 科创板风险提示 广州慧智微电子股份有限公司 招股说明书（注册稿） 声明：本公司的发行申请尚需经上海证券交易所和中国证监会履行相应程序。本招股说 明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正式公告的招股说 明书作为投资决定的依据。 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出 ...

广州慧智微电子股份有限公司 本次发行股票拟在科创板上市，科创板公司具有研发投入大、经营风险 高、业绩不稳定、退市风险高等特点,投资者面临较大的市场风险。投资者应 充分了解科创板的投资风险及本公司所披露的风险因素，审慎作出投资决定。 科创板风险提示 Smarter Microelectronics （Guangzhou）Co., Ltd. 广州市高新技术产业开发区科学城科学大道 182 号创新大厦 C2 第三层 307 单元 首次公开发行股票并在科创板上市 保荐机构（主承销商） （深圳市前海深港合作区南山街道桂湾五路128号前海深港基金小镇B7栋401） 广州慧智微电子股份有限公司 招股说明书（注册稿） 声明：本公司的发行申请尚需经上海证券交易所和中国证监会履行相应程序。本招股说 明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正式公告的招股说 明书作为投资决定的依据。 招股说明书 （注册稿） 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发行 人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其 对发行人的盈利能力、投资价值或者对投资者的收益作出实质性 ...

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]

科创板风险提示 本次股票发行后拟在科创板市场上市，该市场具有较高的投资风险。科 创板公司具有研发投入大、经营风险高、业绩不稳定、退市风险高等特点， 投资者面临较大的市场风险。投资者应充分了解科创板市场的投资风险及本 公司所披露的风险因素，审慎作出投资决定。 广州慧智微电子股份有限公司 Smarter Microelectronics （Guangzhou）Co., Ltd. 广州市高新技术产业开发区科学城科学大道 182 号创新大厦 C2 第三层 307 单元 首次公开发行股票并在科创板上市 招股说明书 （注册稿） 保荐机构（主承销商） （深圳市前海深港合作区南山街道桂湾五路128号前海深港基金小镇B7栋401） 广州慧智微电子股份有限公司 招股说明书（注册稿） 声明：本公司的发行申请尚需经上海证券交易所和中国证监会履行相应程序。本招股说明书 不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正式公告的招股说明书作为 投资决定的依据。 声 明 发行人及全体董事、监事、高级管理人员承诺招股说明书及其他信息披露资 料不存在虚假记载、误导性陈述或重大遗漏，并对其真实性、准确性、完整性承 担个别和连带的法律 ...

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 ...

Qualcomm Inc. (NASDAQ:QCOM) Q4 2022 Results Conference Call November 2, 2022 4:45 PM ET Company Participants Mauricio Lopez-Hodoyan - VP, IR Cristiano Amon - President, CEO Akash Palkhiwala - CFO Conference Call Participants Blayne Curtis - Barclays Brett Simpson - Arete Research Joseph Moore - Morgan Stanley Louis Miscioscia - Daiwa Matt Ramsay - Cowen and Company Ross Seymore - Deutsche Bank Samik Chatterjee - JP Morgan Stacy Rasgon - Bernstein Research Mike Walkley - Canaccord Genuity Timothy Arcuri - U ...