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QUALCOMM INC/DE FY 2025 10-K, explained in plain English

QCOM ยท 10-K for the period ending September 28, 2025, filed November 5, 2025 ยท Read the original on SEC.gov โ†’

Key financials โ€” as reported

Total revenue$44.3B
Gross margin55.4%
Operating income$12.4B
Net income$5.5B
Diluted EPS$5.01
Cash & equivalents$5.5B
Total assets$50.1B
Long-term debt$14.8B

Key takeaway

QUALCOMM reported $44.28 billion in fiscal 2025 revenue with a 55.4% gross margin and $12.36 billion operating income.

๐Ÿ”’ 4 more takeaways in the full analysis

Beneath the surface

The effective tax rate of 56% is far above the statutory 21% rate, driven largely by a $4.45 billion deferred income tax expense, which sharply compressed net income relative to operating income and may not recur at this magnitude.

๐Ÿ”’ 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings โ€” plus insider trades, activist stakes, and 8-K events for QCOM.

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