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Qualcomm QCOM Operating margin

Operating margin at other companies

Advanced Micro Devices logo
Advanced Micro DevicesAMD
11.7%+2.0pp
Intel logo
IntelINTC
-5.2%-2.2pp
Apple logo
AppleAAPL
32.6%+0.8pp
Nvidia logo
NvidiaNVDA
64%+6.0pp
Marvell Technology, Inc. logo
Marvell Technology, Inc.MRVL
16%
IonQ logo
IonQIONQ
-443.3%-89.3pp

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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Gross margin54.8%-0.9pp
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 operating margin?
Qualcomm (QCOM) reported operating margin of 25.5% in Q1 2026.
How has Qualcomm's operating margin changed year-over-year?
Qualcomm's operating margin decreased by 6.0% year-over-year, from 27.1% to 25.5%.
What is the long-term trend for Qualcomm's operating margin?
Over 4 years (2021 to 2025), Qualcomm's operating margin has grown at a -2.4% compound annual growth rate (CAGR), from 120.3% to 109.1%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.