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Qualcomm QCOM QSI — Operating Expenses

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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 QSI — operating expenses?
Qualcomm (QCOM) reported QSI — operating expenses of $3M in Q2 2026.
How has Qualcomm's QSI — operating expenses changed year-over-year?
Qualcomm's QSI — operating expenses decreased by 0.0% year-over-year, from $3M to $3M.
What is the long-term trend for Qualcomm's QSI — operating expenses?
Over 2 years (2023 to 2025), Qualcomm's QSI — operating expenses has grown at a 4.1% compound annual growth rate (CAGR), from $12M to $13M.
What does QSI — operating expenses mean?
This metric captures the total operating costs directly attributable to the Qualcomm Strategic Initiatives (QSI) segment. It includes administrative costs, personnel expenses, and operational overhead associated with managing the company's strategic investment portfolio. Monitoring these expenses helps assess the efficiency of the segment's management and operational structure.