QUALCOMM (QCOM) 10-K Summary — Year Ended Sep 29, 2024
The filing provides an overview of the company's business and financial results for the most recent fiscal year. Key metrics show a year-over-year revenue increase, with operating income and net income at the same level.
Key takeaway
Year ended Sep 29, 2024 · FY2025 10-K
The filing provides an overview of the company's business and financial results for the most recent fiscal year. Key metrics show a year-over-year revenue increase, with operating income and net income at the same level.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$39B
Revenue reported for the fiscal year.
Operating income
$10.1B
Income from operations reported for the year.
Net income
$10.1B
Net income reported for the year.
Operating cash flow
$12.2B
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% |
| Sep 29, 2024 | $39B | +8.8% |
Business overview
The filing references a business overview section but does not include a detailed description of the company's operations in the supplied data. No specific business activities or products are described.
Financial performance
Revenue increased compared to the prior year, reversing a decline seen in the previous period. Operating income and net income were equal, and operating cash flow was strong, exceeding net income.
Material risks
The filing identifies a Risk Factors section, but the specific risks are not detailed in the supplied context. It also references unresolved staff comments and cybersecurity matters as part of the risk discussion.
Liquidity and capital
The filing discusses liquidity and capital resources, including potential additional capital requirements. Operating cash flow was noted as a key source of liquidity, exceeding net income.
What to watch
The next filing should be monitored for any change in the revenue trend and operating cash flow, as these metrics showed a significant reversal from the prior year.