Company intelligence

Qualcomm

As of September 5, 2026, Qualcomm had a market capitalization of $180.22B (companiesmarketcap.com).

Qualcomm designs and licenses semiconductors and wireless technology, best known for Snapdragon mobile chips and foundational CDMA/5G patents.

SemiconductorsPublic · QCOMSan Diego, California, USAFounded 1985Founders: Irwin Jacobs, Andrew Viterbi, Franklin AntonioPublic companyWebsite ↗See connections →
Last verified Sep 5, 2026

Qualcomm at a glance

As of
Market cap
$180.22B[1]
September 2026
Founded
1985[2]
Headquarters
San Diego, California, USA[3]
  1. [1] Market cap: companiesmarketcap.com, September 5, 2026
  2. [2] Founded: Wikipedia (retrieved September 5, 2026)
  3. [3] Headquarters: Wikipedia (retrieved September 5, 2026)

What Qualcomm does

Qualcomm was incorporated in California in 1985 and reincorporated in Delaware in 1991.[1] Qualcomm reports its startup investing in a separate segment, Qualcomm Strategic Initiatives.[1] That segment invests mainly through Qualcomm Ventures, backing companies that open new opportunities for its technologies.[1] Those holdings are mostly non-marketable equity securities.[1] In February 2026 Qualcomm announced plans to invest up to $150 million in Indian technology and AI startups through a new Strategic AI Venture Fund.[2],[3] The fund deploys through Qualcomm Ventures at all stages, with a focus on automotive, robotics, mobile and internet-of-things AI.[2]

Business model and customers

It expects non-handset revenue growth, including data center, to accelerate from 24% in fiscal 2026 to more than 60% in fiscal 2027.[3]

Leadership

  • CEO Cristiano Amon said the company is targeting $40 billion in non-handset revenues by fiscal 2029.[3]

Qualcomm profile

written 2026-10-31

Qualcomm is a Nasdaq-listed chipmaker that reported $44.28 billion of fiscal 2025 revenue.

What Qualcomm does

Qualcomm is a semiconductor and licensing company headquartered in San Diego, California, according to its fiscal 2025 annual report. The company conducts business primarily through two segments: QCT (Qualcomm CDMA Technologies), which develops and supplies integrated circuit platforms and system software, and QTL (Qualcomm Technology Licensing), which licenses its wireless patent portfolio.[1]

Qualcomm's QCT revenue breaks down into handsets, automotive and IoT (internet of things) products, the 10-K says. In its fiscal third quarter of 2026, handsets revenue was $5,086 million, automotive revenue was $1,588 million, up 61% year over year, and IoT revenue was $1,830 million, according to the company's earnings release.[2],[1]

Qualcomm employed approximately 52,000 full-time, part-time and temporary workers as of September 28, 2025, working in more than 200 locations across 38 countries, the annual report says.[1]

Funding

Qualcomm is publicly traded and does not raise venture funding, but its FY2025 annual report shows total revenue of $44,284 million, up from $38,962 million in fiscal 2024. QCT revenue grew 16% during the year to $37.7 billion from $32.6 billion, driven by higher handsets, IoT and automotive sales, while QTL revenue stayed approximately flat.[1]

Qualcomm's fiscal 2025 net income fell to $5,541 million from $10,142 million in fiscal 2024, the 10-K's consolidated statements of operations show. The company says the decline came mainly from a $5.7 billion fourth-quarter charge to income tax expense, recorded after it concluded it would no longer realize substantially all of its existing federal deferred tax assets.[1]

Qualcomm also acts as an investor through Qualcomm Ventures. The unit backed Indian smart-ring maker Ultrahuman in a $70 million round in September 2026 that valued the company at $365 million, according to TechCrunch, and in February 2026 Qualcomm announced a Strategic AI Venture Fund to invest up to $150 million in Indian AI startups across automotive, robotics, mobile and IoT, a report by Global Venturing says.[3],[4]

History

Qualcomm's common stock trades on the Nasdaq Global Select Market under the symbol QCOM, the 10-K says. At November 3, 2025 there were 5,564 holders of record of its common stock.[1]

Qualcomm's shares outstanding fell during fiscal 2025, from 1,113 million shares at the start of the year to 1,074 million at the end, as the company issued 17 million shares and repurchased 56 million, the annual report's stockholders' equity statement shows.[1]

People

Cristiano Amon has served as Qualcomm's President and Chief Executive Officer and a member of its board since June 2021, according to the FY2025 10-K. Amon joined Qualcomm in 1995 as an engineer and has held several technical and leadership roles since; he has also served on Adobe's board of directors since October 2023.[1]

Akash Palkhiwala has served as Qualcomm's Chief Financial Officer since November 2019 and added the Chief Operating Officer title in January 2024, the 10-K says. He joined Qualcomm in March 2001 and previously served as Senior Vice President and Treasurer, and signed the company's September 2026 8-K as Executive Vice President, CFO and COO.[1],[5]

Customers and partners

Qualcomm names Apple, Samsung and Xiaomi as customers that each comprised 10% or more of its consolidated revenues, according to its FY2025 10-K's risk factors. The filing also warns that Apple's growing use of its own modem products, instead of Qualcomm's, would significantly hurt QCT revenues.[1]

Qualcomm's newest large customer relationship is with Amazon's data-center chip business. The September 2026 warrant filing ties Amazon's equity grant directly to its purchases of Qualcomm Technologies' server chip products, technology, systems and manufacturing services, with vesting keyed to binding purchase orders and actual purchases.[5]

Qualcomm also works with startups as a technology partner, not just an investor. Ultrahuman founder and CEO Mohit Kumar told TechCrunch the company is developing a new smart ring that will use Qualcomm's silicon, while continuing to use Nordic Semiconductor chips in its existing rings.[3]

Competitors

Qualcomm's FY2025 10-K names its chip-industry competitors as Broadcom, HiSilicon, MediaTek, Mobileye, Nvidia, NXP Semiconductors, Qorvo, Samsung, Skyworks, Texas Instruments and UNISOC. The filing also flags competition from products its own largest customers, including Apple, Samsung and Xiaomi, develop in-house.[1]

Qualcomm relies on outside foundries to manufacture its chips, naming Taiwan Semiconductor Manufacturing Company (TSMC), Samsung Electronics and GlobalFoundries as its manufacturing partners in the same filing, which also doubles as a dependency risk the company discloses to investors.[1]

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Company Snapshot

Qualcomm is a semiconductors company, based in San Diego, California, USA, founded 1985 by Irwin Jacobs, Andrew Viterbi, Franklin Antonio.

Recent changes

  1. Nov 4, 2026Qualcomm Handset Sales Drop 26% | Data Center Target Holds At $5B Pulse story
  2. Sep 8, 2026Qualcomm and Amazon strike $60B AI chip pact Pulse story
  3. Sep 5, 2026First reported market cap: $180.22B companiesmarketcap.com
  4. Sep 3, 2026Qualcomm Backs Ultrahuman's $70M Smart Ring Bet Pulse story
  5. Aug 6, 2026Invested in Lumilens (Series C, $700M) SiliconANGLE
Earlier changes (7)
  1. Jun 30, 2026GV's Dave Munichiello on Qualcomm's Modular Deal, a Roughly 10x Return, and the AI Software Shift Pulse story
  2. Jun 30, 2026Qualcomm's $3.9B Modular Buy Hands GV a 27x Return as Chipmakers Race to Own AI Software Pulse story
  3. Jun 24, 2026Qualcomm Agrees to Buy Modular for ~$4B in All-Stock Deal, Taking Aim at Nvidia's CUDA Moat Pulse story
  4. Jun 24, 2026Qualcomm to Buy AI-Software Startup Modular for ~$3.9B to Attack Nvidia's CUDA Moat Pulse story
  5. Jun 10, 2026Invested in Neura Robotics (Series C, up to $1.4B) Neura Robotics
  6. Sep 1, 2025Invested in Figure (Series C, $1B+) Wikipedia
  7. Aug 24, 2023Invested in Hugging Face (Series D, $235M) TechCrunch

How Qualcomm has been funded

That round valued Ultrahuman at $365 million, according to TechCrunch's source.[4] By July 2026 it had completed the acquisition of AI software company Modular Inc.[3]

Investors

Latest Pulse

  1. House Republicans Press Nvidia's Huang for Nov. 18 China BriefingHouse Republicans have asked Nvidia CEO Jensen Huang to brief Congress on Nov. 18 about the company's China ties, after The New York Times reported US authorities are investigating former Megaspeed executive Alice Huang.→
  2. Qualcomm Handset Sales Drop 26% | Data Center Target Holds At $5BQualcomm's fiscal fourth-quarter revenue fell 8% to $10.3 billion as handset chip sales dropped 26%, while automotive revenue jumped 89% and it kept a $5 billion fiscal 2027 data center target.→
  3. Powerlattice Raises $86M Of $111M Target For AI ChipsPowerlattice has raised $86 million toward a $111 million target, per an SEC filing, as the Vancouver, Washington chip startup scales a chiplet designed to cut AI processors' power demands.→
  4. Tenstorrent Raises $1.5B | Valuation More Than Doubles To $6.2BTenstorrent raised $1.5 billion in a Series E led by Trace Capital and Innovation X, valuing the RISC-V AI chip startup at $6.2 billion post-money -- more than doubling its December 2024 mark.→
  5. Chip Startup Funding Still Running Hot Behind AIInvestors have poured roughly $10.7 billion into semiconductor startups in 2026, with physical-AI chipmaker SiMa.ai the latest to cross a billion-dollar valuation.→
  6. Efficient Computer Raises $97M At $650M ValuationEfficient Computer closed a $97 million round at a $650 million valuation for its energy-efficient dataflow chips, which are already shipping to battery-powered robots and drones.→
  7. SiMa.ai Raises $150M Series C At $1.45B ValuationSiMa.ai closed an oversubscribed $150 million Series C at a $1.45 billion valuation, led by Fidelity and Amplify, bringing its total capital raised to $500 million for its edge AI inference chips.→
  8. AI Data Centers Are Now Built Like Military BunkersA UAE AI campus now weighs underground bunkers and air defense, Google just locked in nuclear power for Finland, and a nuclear-plant operator is going public -- power and physical security, not GPUs, are AI's newest constraint.→
  9. Why AI Capex Forecasts Keep Being Too LowBroadcom, Marvell, Oracle, Qualcomm and Anthropic have each raised AI revenue guidance, backlog figures or credit capacity this quarter rather than lowering them, a pattern holding across chipmakers, cloud providers and frontier labs.→
  10. Qualcomm and Amazon strike $60B AI chip pactQualcomm and Amazon announced a multi-generational deal to co-develop custom AI inference chips and optical interconnects for AWS data centers, tied to up to $60 billion in potential future purchases and a warrant for Amazon to buy a stake in Qualcomm worth.→

Coverage Timeline

newest first
  1. Nov 4, 2026BIG TECHQualcomm Handset Sales Drop 26% | Data Center Target Holds At $5B$10.3B Q4 Revenue (-8%)→
  2. Sep 10, 2026AIWhy AI Capex Forecasts Keep Being Too Low→
  3. Sep 8, 2026BIG TECHQualcomm and Amazon strike $60B AI chip pact$60B chip pact→
  4. Jun 30, 2026FUNDINGGV's Dave Munichiello on Qualcomm's Modular Deal, a Roughly 10x Return, and the AI Software Shift~10x return→
  5. Jun 30, 2026BIG TECHQualcomm's $3.9B Modular Buy Hands GV a 27x Return as Chipmakers Race to Own AI Software$3.9B→
  6. Jun 24, 2026BIG TECHQualcomm Agrees to Buy Modular for ~$4B in All-Stock Deal, Taking Aim at Nvidia's CUDA Moat$3.92B→
  7. Jun 24, 2026BIG TECHQualcomm to Buy AI-Software Startup Modular for ~$3.9B to Attack Nvidia's CUDA Moat~$3.9B→

All Coverage

BIG TECH
Qualcomm Handset Sales Drop 26% | Data Center Target Holds At $5B
BIG TECH$10.3B Q4 Revenue (-8%)

Qualcomm Handset Sales Drop 26% | Data Center Target Holds At $5B

Qualcomm's fiscal fourth-quarter revenue fell 8% to $10.3 billion as handset chip sales dropped 26%, while automotive revenue jumped 89% and it kept a $5 billion fiscal 2027 data center target.

DEEP DIVE
AI
Why AI Capex Forecasts Keep Being Too Low
Illustration for: Why AI Capex Forecasts Keep Being Too Low
AI

Why AI Capex Forecasts Keep Being Too Low

Broadcom, Marvell, Oracle, Qualcomm and Anthropic have each raised AI revenue guidance, backlog figures or credit capacity this quarter rather than lowering them, a pattern holding across chipmakers, cloud providers and frontier labs.

DEEP DIVE
BIG TECH
Qualcomm and Amazon strike $60B AI chip pact
Illustration for: Qualcomm and Amazon strike $60B AI chip pact
BIG TECH$60B chip pact

Qualcomm and Amazon strike $60B AI chip pact

Qualcomm and Amazon announced a multi-generational deal to co-develop custom AI inference chips and optical interconnects for AWS data centers, tied to up to $60 billion in potential future purchases and a warrant for Amazon to buy a stake in Qualcomm worth.

DEEP DIVE
FUNDING
GV's Dave Munichiello on Qualcomm's Modular Deal, a Roughly 10x Return, and the AI Software Shift
Illustration for: GV's Dave Munichiello on Qualcomm's Modular Deal, a Roughly 10x Return, and the AI Software Shift
FUNDING~10x return

GV's Dave Munichiello on Qualcomm's Modular Deal, a Roughly 10x Return, and the AI Software Shift

GV general partner Dave Munichiello discussed Qualcomm's June 24 acquisition of AI infrastructure software startup Modular in a Crunchbase Q&A published June 30, describing a return of roughly 10x on GV's total dollars invested after leading Modular's Series A at a $155 million valuation with a $23 million check. Munichiello framed the deal as validation of a shift toward 'disaggregated inference' — software that lets AI workloads run efficiently across a mix of chips rather than locking into a single hardware vendor.

BIG TECH
Qualcomm's $3.9B Modular Buy Hands GV a 27x Return as Chipmakers Race to Own AI Software
Illustration for: Qualcomm's $3.9B Modular Buy Hands GV a 27x Return as Chipmakers Race to Own AI Software
BIG TECH$3.9B

Qualcomm's $3.9B Modular Buy Hands GV a 27x Return as Chipmakers Race to Own AI Software

Qualcomm's roughly $3.9 billion acquisition of Modular -- the AI-software company founded by Swift and LLVM creator Chris Lattner -- has handed early backer GV a 27x return on its initial check, the firm's Dave Munichiello revealed this week. The deal is the clearest sign yet that the strategic battleground in AI is shifting from raw silicon to the software layer that makes chips usable, as Qualcomm bets it can challenge Nvidia's CUDA moat by owning the stack that runs models across CPUs, GPUs and AI accelerators.

BIG TECH
Qualcomm Agrees to Buy Modular for ~$4B in All-Stock Deal, Taking Aim at Nvidia's CUDA Moat
Illustration for: Qualcomm Agrees to Buy Modular for ~$4B in All-Stock Deal, Taking Aim at Nvidia's CUDA Moat
BIG TECH$3.92B

Qualcomm Agrees to Buy Modular for ~$4B in All-Stock Deal, Taking Aim at Nvidia's CUDA Moat

Qualcomm agreed on June 24 to acquire Modular, the AI-infrastructure company founded by Chris Lattner (LLVM, Swift), in an all-stock deal valued near $4 billion — its largest ever. The play: use Modular's MAX platform to run AI models across Qualcomm silicon without hand-tuning code for each chip, directly attacking the software stack that has cemented Nvidia's data-center dominance.

BIG TECH
Qualcomm to Buy AI-Software Startup Modular for ~$3.9B to Attack Nvidia's CUDA Moat
Illustration for: Qualcomm to Buy AI-Software Startup Modular for ~$3.9B to Attack Nvidia's CUDA Moat
BIG TECH~$3.9B

Qualcomm to Buy AI-Software Startup Modular for ~$3.9B to Attack Nvidia's CUDA Moat

Qualcomm agreed to acquire Modular -- the startup behind the Mojo programming language and MAX AI platform -- in an all-stock deal worth roughly $3.9 billion. The bet is that the way to break Nvidia's dominance isn't a faster chip but an open software layer that lets AI models run efficiently across any hardware, directly challenging the CUDA lock-in.

Value Add Research

Related Companies

More on QualcommAI Chip Wars →Moore's Law →AI Chip Startups →vs Broadcom →vs Ambiq Micro →

Qualcomm FAQ

Who is the CEO of Qualcomm?

CEO Cristiano Amon said the company is targeting $40 billion in non-handset revenues by fiscal 2029.[3]

What is Qualcomm's market cap?

Qualcomm's market capitalization was $180.22B as of September 5, 2026, according to companiesmarketcap.com.

Is Qualcomm publicly traded?

Yes. Qualcomm trades under the ticker QCOM, with a market cap of $180.22B (September 5, 2026, companiesmarketcap.com).

When was Qualcomm founded and where is it based?

Qualcomm was founded in 1985 and is headquartered in San Diego, California, USA, according to Wikipedia.

References

researched 2026-10-24
  1. SEC EDGAR
  2. globalventuring.com
  3. SEC EDGAR
  4. TechCrunch
Sources & methodologyshow
Where these figures come from

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