Analysis of Reportable Segments
Qualcomm Inc. operates in 3 segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI).
Segment Profit Margin
Qualcomm Inc., profit margin by reportable segment
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | |
|---|---|---|---|---|---|---|
| Qualcomm CDMA Technologies (QCT) | 28.70% | 26.08% | 34.07% | 28.73% | 16.75% | 14.64% |
| Qualcomm Technology Licensing (QTL) | 72.27% | 68.38% | 72.79% | 73.21% | 68.46% | 64.34% |
| Qualcomm Strategic Initiatives (QSI) | 577.78% | -42.86% | -900.00% | 2,035.56% | -30.56% | 226.32% |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Qualcomm CDMA Technologies (QCT) | Qualcomm CDMA Technologies (QCT) segment profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Qualcomm Technology Licensing (QTL) | Qualcomm Technology Licensing (QTL) segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. | |
| Qualcomm Strategic Initiatives (QSI) | Qualcomm Strategic Initiatives (QSI) segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Qualcomm CDMA Technologies (QCT)
Qualcomm Inc.; Qualcomm CDMA Technologies (QCT); segment profit margin calculation
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Earnings (loss) before income taxes (EBT) | 9,527) | 7,924) | 12,837) | 7,763) | 2,763) | 2,143) |
| Revenues | 33,196) | 30,382) | 37,677) | 27,019) | 16,493) | 14,639) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 28.70% | 26.08% | 34.07% | 28.73% | 16.75% | 14.64% |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Segment profit margin = 100 × Earnings (loss) before income taxes (EBT) ÷ Revenues
= 100 × 9,527 ÷ 33,196 = 28.70%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Qualcomm CDMA Technologies (QCT) | Qualcomm CDMA Technologies (QCT) segment profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment Profit Margin: Qualcomm Technology Licensing (QTL)
Qualcomm Inc.; Qualcomm Technology Licensing (QTL); segment profit margin calculation
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Earnings (loss) before income taxes (EBT) | 4,027) | 3,628) | 4,628) | 4,627) | 3,442) | 2,954) |
| Revenues | 5,572) | 5,306) | 6,358) | 6,320) | 5,028) | 4,591) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 72.27% | 68.38% | 72.79% | 73.21% | 68.46% | 64.34% |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Segment profit margin = 100 × Earnings (loss) before income taxes (EBT) ÷ Revenues
= 100 × 4,027 ÷ 5,572 = 72.27%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Qualcomm Technology Licensing (QTL) | Qualcomm Technology Licensing (QTL) segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Segment Profit Margin: Qualcomm Strategic Initiatives (QSI)
Qualcomm Inc.; Qualcomm Strategic Initiatives (QSI); segment profit margin calculation
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Earnings (loss) before income taxes (EBT) | 104) | (12) | (279) | 916) | (11) | 344) |
| Revenues | 18) | 28) | 31) | 45) | 36) | 152) |
| Segment Profitability Ratio | ||||||
| Segment profit margin1 | 577.78% | -42.86% | -900.00% | 2,035.56% | -30.56% | 226.32% |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Segment profit margin = 100 × Earnings (loss) before income taxes (EBT) ÷ Revenues
= 100 × 104 ÷ 18 = 577.78%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Qualcomm Strategic Initiatives (QSI) | Qualcomm Strategic Initiatives (QSI) segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Revenues
Qualcomm Inc., revenues by reportable segment
US$ in millions
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | |
|---|---|---|---|---|---|---|
| Qualcomm CDMA Technologies (QCT) | 33,196) | 30,382) | 37,677) | 27,019) | 16,493) | 14,639) |
| Qualcomm Technology Licensing (QTL) | 5,572) | 5,306) | 6,358) | 6,320) | 5,028) | 4,591) |
| Qualcomm Strategic Initiatives (QSI) | 18) | 28) | 31) | 45) | 36) | 152) |
| Reconciling items | 176) | 104) | 134) | 182) | 1,974) | 4,891) |
| Total | 38,962) | 35,820) | 44,200) | 33,566) | 23,531) | 24,273) |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
Earnings (loss) before income taxes (EBT)
Qualcomm Inc., earnings (loss) before income taxes (ebt) by reportable segment
US$ in millions
| Sep 29, 2024 | Sep 24, 2023 | Sep 25, 2022 | Sep 26, 2021 | Sep 27, 2020 | Sep 29, 2019 | |
|---|---|---|---|---|---|---|
| Qualcomm CDMA Technologies (QCT) | 9,527) | 7,924) | 12,837) | 7,763) | 2,763) | 2,143) |
| Qualcomm Technology Licensing (QTL) | 4,027) | 3,628) | 4,628) | 4,627) | 3,442) | 2,954) |
| Qualcomm Strategic Initiatives (QSI) | 104) | (12) | (279) | 916) | (11) | 344) |
| Reconciling items | (3,322) | (4,097) | (2,188) | (3,032) | (475) | 2,040) |
| Total | 10,336) | 7,443) | 14,998) | 10,274) | 5,719) | 7,481) |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-09-24), 10-K (reporting date: 2022-09-25), 10-K (reporting date: 2021-09-26), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).