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Qualcomm QCOM QSI — Cost of revenues

Other segment segments

QCT
-$4.45B+1.0%

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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:CostOfRevenue.

The official record: Qualcomm’s 10-K, filed November 5, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Qualcomm's QSI — cost of revenues?
Qualcomm (QCOM) reported QSI — cost of revenues of $0 in Q3 2025.
How has Qualcomm's QSI — cost of revenues changed year-over-year?
Qualcomm's QSI — cost of revenues decreased by 100.0% year-over-year, from $1.75M to $0.
What is the long-term trend for Qualcomm's QSI — cost of revenues?
Over 2 years (2023 to 2025), Qualcomm's QSI — cost of revenues has grown at a -100.0% compound annual growth rate (CAGR), from $15M to $0.
What does QSI — cost of revenues mean?
This metric represents the direct costs attributable to the production and delivery of goods or services within the Qualcomm Strategic Initiatives (QSI) segment. It encompasses expenses such as materials, labor, and overhead directly tied to the revenue-generating activities of this specific business unit. Monitoring these costs is essential for evaluating the gross margin efficiency and operational scalability of the segment's specialized investment and technology initiatives.