QUALCOMM (QCOM) 10-K Summary — Year Ended Sep 24, 2023
QUALCOMM reported a decline in annual revenue. The company maintained positive operating income and cash flow from operations.
Key takeaway
Year ended Sep 24, 2023 · FY2025 10-K
QUALCOMM reported a decline in annual revenue. The company maintained positive operating income and cash flow from operations.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$35.8B
Revenue reported for the fiscal year.
Operating income
$7.8B
Income from operations reported for the year.
Net income
$7.2B
Net income reported for the year.
Operating cash flow
$11.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 26, 2021 | $33.6B | n/a |
| Sep 25, 2022 | $44.2B | +31.7% |
| Sep 24, 2023 | $35.8B | -19.0% |
Business overview
QUALCOMM is a global provider of wireless technology and semiconductor solutions. Its business includes licensing and chipset sales.
Financial performance
Annual revenue decreased compared to the prior year. Operating income and net income remained positive. Cash generated from operations was robust.
Material risks
The filing identifies risk factors typical for the company's industry, including market competition and regulatory changes. Specific risk details are not presented in the supplied text extracts.
Liquidity and capital
The company generated strong operating cash flow. The liquidity and capital resources section discusses capital requirements.
What to watch
Monitor the trend in revenue in the next filing to assess recovery from the decline.