QUALCOMM INCDE

For the period ended Dec 29, 2024. Filed Feb 5, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 29, 2024 · Filed Feb 5, 2025

QCOM$171.47+3.7%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Statements of Operations

QUALCOMM Incorporated

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except per share data)

(Unaudited)

	Three Months Ended
	December 29,2024	December 24,2023
Revenues:
Equipment and services	$9,942	$8,316
Licensing	1,727	1,619
Total revenues	11,669	9,935
Costs and expenses:
Cost of revenues	5,161	4,312
Research and development	2,230	2,096
Selling, general and administrative	723	627
Other	—	(28)
Total costs and expenses	8,114	7,007
Operating income	3,555	2,928
Interest expense	(163)	(178)
Investment and other income, net	243	212
Income from continuing operations before income taxes	3,635	2,962
Income tax expense	(455)	(151)
Income from continuing operations	3,180	2,811
Discontinued operations, net of income taxes	—	(44)
Net income	$3,180	$2,767
Basic earnings (loss) per share:
Continuing operations	$2.86	$2.52
Discontinued operations	—	(0.04)
Net income	$2.86	$2.48
Diluted earnings (loss) per share:
Continuing operations	$2.83	$2.50
Discontinued operations	—	(0.04)
Net income	$2.83	$2.46
Shares used in per share calculations:
Basic	1,110	1,116
Diluted	1,122	1,127

See accompanying notes.

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