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Qualcomm QCOM Gross margin

Gross margin at other companies

Advanced Micro Devices logo
Advanced Micro DevicesAMD
50.3%+0.2pp
Intel logo
IntelINTC
35.4%+3.8pp
Apple logo
AppleAAPL
47.9%+1.2pp
Nvidia logo
NvidiaNVDA
74.1%+4.0pp
Marvell Technology, Inc. logo
Marvell Technology, Inc.MRVL
51.5%+8.3pp
IonQ logo
IonQIONQ
34.6%-15.5pp

Other financials

Income statement

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Revenue$10.6B-3.5%
Gross profit$5.7B-5.7%
Operating income$2.3B-26.0%
Net income$7.4B+162%
EPS (diluted)$6.88+173%

Balance sheet

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Cash & equivalents$5.4B-24.6%
Total debt$14.8B+1.0%
Total equity$27.3B-1.6%
Total assets$57.1B+3.2%

Cash flow

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Operating cash flow$2.4B-4.1%
CapEx$533.0M+149%
Free cash flow$1.9B-18.1%

Valuation

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Market cap$224.47B-19.1%
Enterprise value$233.81B-17.2%
P/E14.2×-10.3×
P/S5.1×-1.5×

Profitability

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Operating margin25.5%-1.6pp
Net margin26.8%+3.4pp

Returns & leverage

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Return on equity44.6%+6.2pp
Debt / equity0.5×0.0×
Current ratio2.4×-0.4×

Where this comes from

Calculated from Qualcomm’s reported figures.

Based on trailing twelve months.

The official record: Qualcomm’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Qualcomm's gross margin?
Qualcomm (QCOM) reported gross margin of 54.8% in Q1 2026.
How has Qualcomm's gross margin changed year-over-year?
Qualcomm's gross margin decreased by 1.6% year-over-year, from 55.7% to 54.8%.
What is the long-term trend for Qualcomm's gross margin?
Over 4 years (2021 to 2025), Qualcomm's gross margin has grown at a -1.6% compound annual growth rate (CAGR), from 237.5% to 222.8%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.