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Qualcomm QCOM QCT — Operating Expenses

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$3M0.0%

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Other financials

Income statement

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Revenue$9.9B-4.0%
Gross profit$5.3B-8.4%
Operating income$1.6B-41.1%
Net income$2.0B-24.9%
EPS (diluted)$1.87-23.0%

Balance sheet

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Cash & equivalents$4.5B-41.7%
Total debt$14.8B-0.1%
Total equity$27.7B+1.7%
Total assets$57.4B+4.6%

Cash flow

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Operating cash flow$991.0M-65.5%
CapEx$496.0M+68.7%
Free cash flow$495.0M-80.8%

Valuation

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Market cap$171.68B-3.5%
Enterprise value$181.91B-1.7%
P/E11.4×-8.3×
P/S3.9×-0.2×

Profitability

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Gross margin54.2%-1.5pp
Operating margin23.2%-4.6pp
Net margin26.8%+3.4pp
FCF margin23.6%-3.2pp

Returns & leverage

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Return on equity44.6%+6.2pp
Debt / equity0.5×0.0×
Current ratio-1.2×

Where this comes from

Reported directly by Qualcomm in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

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

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Questions, answered.

What is Qualcomm's QCT — operating expenses?
Qualcomm (QCOM) reported QCT — operating expenses of $1.86B in Q2 2026.
How has Qualcomm's QCT — operating expenses changed year-over-year?
Qualcomm's QCT — operating expenses increased by 1.9% year-over-year, from $1.83B to $1.86B.
What is the long-term trend for Qualcomm's QCT — operating expenses?
Over 2 years (2023 to 2025), Qualcomm's QCT — operating expenses has grown at a 2.1% compound annual growth rate (CAGR), from $7.09B to $7.4B.
What does QCT — operating expenses mean?
This metric aggregates the research and development, selling, general, and administrative expenses specifically allocated to the QCT semiconductor segment. It reflects the investment required to maintain technological leadership in wireless chip design and to support the commercialization of these products. High levels of these expenses are typical for companies prioritizing long-term innovation and market share in the competitive mobile processor industry.