QUALCOMM Incorporated (QCOM)财务
NASDAQ · Technology · Semiconductors · 员工52,000人 · CEO Cristiano Renno Amon
- 股价
- $164.79 -11.12%
- 市值
- $1760亿
- 企业价值
- $1870亿
- 最近财报
- Q3 '26 2026-07-29提交
- 下次财报
- 2026-11-04 EPS预期 $2.17
营收(TTM)$441亿+1.9% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)23.2%-4.6 百分点 对比去年同期营业利润 $102亿
净利润(TTM)$92.6亿-20.0% 对比去年同期税后,含营业外收益
自由现金流(TTM)$104亿-10.4% 对比去年同期资本支出 $19.9亿
稀释EPS(TTM)$8.76-15.4% 对比去年同期最近4个季度之和
净现金-$69.7亿-45.8% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $1760亿 EV $1870亿
- 营收
- $441亿 过去12个月
- 营收增速
- -3% FY2026年一致预期
- 净利润率
- 21.0% 净利润 / 营收,TTM
- P/E
- 18.8× 预期 15.6×(FY2026)
- P/S
- 4.0× 股价 / 营收,TTM
- EV / EBITDA
- 13.9× TTM
- 自由现金流
- $104亿 过去12个月
- 净利润
- $92.6亿 过去12个月
- 营收预期
- $430亿 FY2026年一致预期
- 盈利
- 2026-11-04 营收预期 $101亿
- 股息
- $3.62 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-07-29):营收超预期2.6%,EPS 低于预期0.9%营收$99.5亿,预期$96.9亿(+2.6%);EPS $2.21,预期$2.23(-0.9%)。
- 营收增长放缓:同比-4.0%Q3 '26营收$99.5亿,此前四个季度的平均值为5.5%。
- 营业利润率23.2%(TTM),较去年同期-4.6 百分点营收增长1.9%,营业利润增长-15.0%。
- 资本支出占营收的4.5%(去年为2.4%)最近4个季度投入$19.9亿(同比+90.7%)。自由现金流$104亿,相当于净利润的112.5%。
- 股东回报$131亿 = 自由现金流的125.5%回购$92.5亿(去年为$76.5亿),股息$38.3亿,股权激励$32.4亿(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内减少2.7%Q3 '26稀释股数10.7亿,一年前为11亿。
- 净债务 $69.7亿现金 + 短期投资 $83亿,含租赁债务 $153亿;一年前净债务 $47.8亿。
上一季度:Q3 '26
截至2026-06-28的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $99.5亿 | $104亿 | -4.0% |
| 毛利率 | 53.1% | 55.6% | -2.5 百分点 |
| 营业利润 | $16.3亿 | $27.6亿 | -41.1% |
| 营业利润率 | 16.3% | 26.6% | -10.3 百分点 |
| 净利润 | $20亿 | $26.7亿 | -24.9% |
| 稀释EPS | $1.87 | $2.43 | -23.0% |
| 经营现金流 | $9.91亿 | $28.8亿 | -65.5% |
| 资本支出 | $4.96亿 | $2.94亿 | +68.7% |
| 自由现金流 | $4.95亿 | $25.8亿 | -80.8% |
| R&D | $26.1亿 | $22.3亿 | +17.1% |
| 股权激励费用 | $8.3亿 | $6.59亿 | +25.9% |
实际 vs 一致预期
2026-07-29| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $99.5亿 | $96.9亿 | +2.6% |
| EPS(一致预期口径) | $2.21 | $2.23 | -0.9% |
来自2026-07-29发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| QCT | $85亿 | -5.4% | 86.9% | $380亿 | +2.1% | |
| QTL | $12.8亿 | -3.0% | 13.1% | $56.6亿 | -0.5% |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Other Segments | $4900万 | +28.9% | 100.0% | – | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $124亿
- 资本支出
- -$19.9亿
- 股票回购
- -$92.5亿
- 股息
- -$38.3亿
- 收购
- -$15.9亿
- 债务净发行
- $1.99亿
- 股权激励费用
- $32.4亿
- 自由现金流
- $104亿
- 股东回报 / FCF
- 125.5%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 18.8× | 18.9× | 9.8× – 32.7× |
| EV / EBITDA | 13.9× | 12.4× | 8.1× – 15.5× |
| EV / 营收 | 4.2× | 4.2× | 3.2× – 5.1× |
| 股价 / FCF | 16.9× | 15.8× | 12.6× – 18.6× |
| 股价 / 净资产 | 6.3× | 8.6× | 5.7× – 14.7× |
| FCF收益率 | 5.9% | 6.4% | 5.4% – 7.9% |
| 投入资本回报率 | 17.4% | 23.0% | 13.2% – 35.0% |
| 净资产收益率 | 37.3% | 52.2% | 26.1% – 90.9% |
分析师
一致目标价 $210.50 (+27.7%)
区间 $159.00 – $400.00 · 评级 Hold
强烈买入1
买入29
持有34
卖出5
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $430亿 | -2.9% | $10.54 | +110.3% | 15.6× | 18 |
| FY2027 | $450亿 | +4.6% | $10.11 | -4.0% | 16.3× | 20 |
| FY2028 | $522亿 | +16.0% | $12.97 | +28.2% | 12.7× | 11 |
| FY2029 | $628亿 | +20.4% | $17.65 | +36.1% | 9.3× | 2 |
| FY2030 | $684亿 | +8.9% | $21.65 | +22.7% | 7.6× | 1 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
QUALCOMM Incorporated在近期10-Q / 10-K文件中标记的全部231项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts and Other Receivables, Net, Current | $46.7亿 | $34.1亿 | +36.9% | $43.2亿 | $39.3亿 | +9.8% |
| Accounts Payable, Current | $29亿 | $23.4亿 | +24.0% | $27.9亿 | $25.8亿 | +8.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $28.6亿2025-09-28 | $23.5亿 | +21.6% | $28.6亿 | $23.5亿 | +21.6% |
| Accrued Income Taxes, Current | $5.57亿 | $9.38亿 | -40.6% | $10.1亿 | $10.8亿 | -6.8% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $98.1亿2025-09-28 | $88.8亿 | +10.6% | $98.1亿 | $88.8亿 | +10.6% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $3.95亿 | $6.57亿 | -39.9% | $5.6亿 | $5.87亿 | -4.6% |
| Amortization of Intangible Assets | – | – | – | $3.21亿 | $3.11亿 | +3.2% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 0 | 200万 | -100.0% | 200万 | 400万 | -50.0% |
| Asset Impairment Charges | – | – | – | $1700万 | $700万 | +142.9% |
| Assets | $574亿 | $549亿 | +4.6% | $501亿 | $552亿 | -9.1% |
| Assets, Current | $230亿 | $249亿 | -7.7% | $258亿 | $252亿 | +2.1% |
| Broker-Dealer, Payable to Customer | $27.6亿 | $18.2亿 | +51.5% | $19.5亿 | $24.8亿 | -21.5% |
| Buildings and Improvements, Gross | $19.2亿2025-09-28 | $18.9亿 | +1.4% | $19.2亿 | $18.9亿 | +1.4% |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets | $02025-09-28 | $1.88亿 | -100.0% | $0 | $1.88亿 | -100.0% |
| Cash and Cash Equivalents, at Carrying Value | $45.3亿 | $54.5亿 | -16.8% | $55.2亿 | $78.5亿 | -29.7% |
| Cash Provided by (Used in) Financing Activities, Discontinued Operations | – | – | – | $0 | $1900万 | -100.0% |
| Cash Provided by (Used in) Investing Activities, Discontinued Operations | – | – | – | $0 | $200万 | -100.0% |
| Cash Provided by (Used in) Operating Activities, Discontinued Operations | $02025-09-28 | – | – | $0 | -$9100万 | +100.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $45.3亿 | $77.7亿 | -41.7% | $78.5亿2024-09-29 | $85.3亿 | -8.0% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $78.4亿2025-09-28 | $78.5亿 | -0.1% | $78.4亿 | $78.5亿 | -0.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$9.02亿 | $5.68亿 | -258.8% | -$600万 | -$6.78亿 | +99.1% |
| Commercial Paper | $4.98亿 | – | – | $17.5亿2016-09-25 | $10亿 | +74.9% |
| Common Stock, Dividends, Per Share, Declared | $0.92 | $0.89 | +3.4% | $3.48 | $3.30 | +5.5% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 60亿 | 60亿 | 0.0% | 60亿 | 60亿 | 0.0% |
| Common Stock, Shares, Issued | 10.6亿 | 10.8亿 | -2.5% | 10.7亿 | 11.1亿 | -3.5% |
| Common Stock, Shares, Outstanding | 10.6亿 | 10.8亿 | -2.5% | 10.7亿 | 11.1亿 | -3.5% |
| Common Stocks, Including Additional Paid in Capital | $0 | $0 | – | $0 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $20.2亿 | $29.3亿 | -31.0% | $55.1亿 | $104亿 | -46.8% |
| Construction in Progress, Gross | $1.54亿2025-09-28 | $1.26亿 | +22.2% | $1.54亿 | $1.26亿 | +22.2% |
| Contract with Customer, Performance Obligation Satisfied in Previous Period | $1.65亿 | $1.89亿 | -12.7% | $7.83亿 | $5.58亿 | +40.3% |
| Cost of Revenue | $46.7亿 | $46.1亿 | +1.4% | $197亿 | $171亿 | +15.7% |
| Costs and Expenses | $83.2亿 | $76亿 | +9.4% | $319亿 | $289亿 | +10.5% |
| Current Federal Tax Expense (Benefit) | – | – | – | $16.8亿 | $13.1亿 | +28.8% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $9.81亿 | $8.05亿 | +21.9% |
| Current Income Tax Expense (Benefit) | – | – | – | $26.7亿 | $21.1亿 | +26.3% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $700万 | $300万 | +133.3% |
| Debt Instrument, Face Amount | $151亿2025-09-28 | $150亿 | +0.9% | $151亿 | $150亿 | +0.9% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $2.01亿2025-09-28 | $2.12亿 | -5.2% | $2.01亿 | $2.12亿 | -5.2% |
| Debt, Current | $24.9亿 | $0 | – | $0 | $13.6亿 | -100.0% |
| Debt, Long-term and Short-term, Combined Amount | $148亿2025-09-28 | $146亿 | +1.2% | $148亿 | $146亿 | +1.2% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $43.7亿 | -$15.5亿 | +381.6% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $8400万 | -$3.31亿 | +125.4% |
| Deferred Income Tax Assets, Net | $56.8亿 | $61.1亿 | -7.1% | $7.43亿 | $51.6亿 | -85.6% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $44.5亿 | -$18.9亿 | +335.8% |
| Deferred Revenue, Current | $2.8亿 | $2.85亿 | -1.8% | $3.58亿 | $2.97亿 | +20.5% |
| Deferred Revenue, Noncurrent | $8100万 | $9300万 | -12.9% | $7100万 | $8800万 | -19.3% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$500万 | -$400万 | -25.0% |
| Deferred Tax Assets, Gross | $97亿2025-09-28 | $81.1亿 | +19.6% | $97亿 | $81.1亿 | +19.6% |
| Deferred Tax Assets, Net | $6.12亿2025-09-28 | $50.5亿 | -87.9% | $6.12亿 | $50.5亿 | -87.9% |
| Deferred Tax Assets, Net of Valuation Allowance | $16.8亿2025-09-28 | $60.5亿 | -72.2% | $16.8亿 | $60.5亿 | -72.2% |
| Deferred Tax Assets, Operating Loss Carryforwards | $7.08亿2025-09-28 | $7.19亿 | -1.5% | $7.08亿 | $7.19亿 | -1.5% |
| Deferred Tax Assets, Other | $10.7亿2025-09-28 | $10.4亿 | +2.9% | $10.7亿 | $10.4亿 | +2.9% |
| Deferred Tax Assets, Tax Credit Carryforwards | $25.3亿2025-09-28 | $21.7亿 | +16.3% | $25.3亿 | $21.7亿 | +16.3% |
| Deferred Tax Assets, Tax Deferred Expense | $7.9亿2025-09-28 | $7.69亿 | +2.7% | $7.9亿 | $7.69亿 | +2.7% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $4.1亿2025-09-28 | $3.97亿 | +3.3% | $4.1亿 | $3.97亿 | +3.3% |
| Deferred Tax Assets, Valuation Allowance | $80.2亿2025-09-28 | $20.6亿 | +288.9% | $80.2亿 | $20.6亿 | +288.9% |
| Deferred Tax Liabilities, Deferred Expense, Capitalized Research and Development Costs | $41.9亿2025-09-28 | $30.2亿 | +39.1% | $41.9亿 | $30.2亿 | +39.1% |
| Deferred Tax Liabilities, Gross | $10.7亿2025-09-28 | $10亿 | +6.8% | $10.7亿 | $10亿 | +6.8% |
| Deferred Tax Liabilities, Intangible Assets | $3.67亿2025-09-28 | $3.88亿 | -5.4% | $3.67亿 | $3.88亿 | -5.4% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-28, 10-Q 2026-03-29, 10-Q 2025-12-28, 10-K 2025-09-28, 10-Q 2025-06-29, 10-Q 2025-03-30, 10-Q 2024-12-29, 10-K 2024-09-29
上次刷新未更新（显示旧数据或无数据）：SEC segments。
数据截至 2026-11-01