8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

February 3, 2021

Date of Report (Date of earliest event reported)

QUALCOMM Incorporated

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

000-19528	95-3685934
(Commission File Number)	(IRS Employer Identification No.)

5775 Morehouse Drive, San Diego, California	92121
(Address of principal executive offices)	(Zip Code)

858-587-1121

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.0001 par value	QCOM	Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02.    Results of Operations and Financial Condition.

On February 3, 2021, QUALCOMM Incorporated (the Company) issued a press release regarding the Company’s financial results for its first quarter of fiscal 2021. A copy of that press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference.

The press release includes non-GAAP financial measures as defined in Regulation G. The press release also includes the most directly comparable financial measures calculated and presented in accordance with accounting principles generally accepted in the United States (GAAP), information reconciling the non-GAAP financial measures to the GAAP financial measures and a discussion of the reasons why the Company’s management believes that presentation of the non-GAAP financial measures provides useful information to investors regarding the Company’s financial condition and results of operations. The non-GAAP financial measures presented therein should be considered in addition to, not as a substitute for, or superior to, financial measures calculated and presented in accordance with GAAP.

Item 9.01.    Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Press Release by QUALCOMM Incorporated dated February 3, 2021.
104	Cover Page Interactive Data File, formatted in Inline XBRL and included as Exhibit 101.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		QUALCOMM Incorporated
Date:	February 3, 2021	By:	/s/ Akash Palkhiwala
			Akash Palkhiwala
			Executive Vice President and Chief Financial Officer

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Qualcomm Contact:

Mauricio Lopez-Hodoyan

Vice President, Investor Relations

Phone: 1-858-658-4813 | e-mail: ir@qualcomm.com

Qualcomm Announces First Quarter Fiscal 2021 Results

GAAP: Revenues $8.2 billion; EPS $2.12

Non-GAAP: Revenues $8.2 billion; EPS $2.17

—Record Quarterly QCT Revenues and Earnings—

SAN DIEGO - February 3, 2021- Qualcomm Incorporated (NASDAQ: QCOM) today announced results for its fiscal first quarter ended December 27, 2020.

“We delivered an exceptional quarter, more than doubling earnings year-over-year due to strong 5G demand in handsets and growth in our RF front-end, automotive and IoT adjacencies, which drove record earnings in our chip business,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “We remain well positioned as the 5G ramp continues and we extend our core technology roadmap to adjacent industries.”

First Quarter Results 1

	GAAP			Non-GAAP
(in millions, except per share data and percentages)	Q1 Fiscal 2021	Q1 Fiscal 2020	Change	Q1 Fiscal 2021	Q1 Fiscal 2020	Change
Revenues	$8,235	$5,077	+62%	$8,226	$5,057	+63%
Earnings before taxes (EBT)	$2,604	$947	+175%	$2,912	$1,334	+118%
Net income	$2,455	$925	+165%	$2,510	$1,151	+118%
Diluted earnings per share (EPS)	$2.12	$0.80	+165%	$2.17	$0.99	+119%

(1) Discussion regarding our use of Non-GAAP financial measures and reconciliations between GAAP and Non-GAAP results are included at the end of this news release.

Segment Results

	QCT			QTL
(in millions, except percentages)	Q1 Fiscal 2021	Q1 Fiscal 2020	Change	Q1 Fiscal 2021	Q1 Fiscal 2020	Change
Revenues	$6,533	$3,618	+81%	$1,660	$1,404	+18%
EBT	$1,919	$479	N/M	$1,270	$1,017	+25%
EBT as % of revenues	29%	13%	+16 points	77%	72%	+5 points

N/M: Not meaningful

Qualcomm Announces First Quarter Fiscal 2021 Results Page 2 of 8

QCT Revenue Streams

We disaggregate QCT revenues based on industry segment or application in which our products are sold (as presented below).

(in millions, except percentages)	Q1 Fiscal 2021	Q1 Fiscal 2020	Change
Handsets	$4,216	$2,352	+79%
RF front-end	1,061	413	+157%
Automotive	212	147	+44%
IoT	1,044	706	+48%
Total QCT revenues	$6,533	$3,618	+81%

Return of Capital to Stockholders

During the first quarter of fiscal 2021, we returned $1.2 billion to stockholders, including $739 million, or $0.65 per share, of cash dividends paid and $444 million through repurchases of 3 million shares of common stock.

Business Outlook

The following statements are forward looking, and actual results may differ materially. The “Note Regarding Forward-Looking Statements” in this news release provides a description of certain risks that we face, and our most recent quarterly report on file with the Securities and Exchange Commission (SEC) provides a more complete description of our risks.

The following table summarizes GAAP and Non-GAAP guidance based on the current outlook.

	Current Guidance Q2 FY21 Estimates1
Revenues	$7.2B - $8.0B
Supplemental Revenue Information
QCT revenues	$6.0B - $6.5B
QTL revenues	$1.25B - $1.45B
GAAP diluted EPS	$1.17 - $1.37
Less diluted EPS attributable to QSI	$—
Less diluted EPS attributable to share-based compensation	($0.30)
Less diluted EPS attributable to other items2	($0.08)
Non-GAAP diluted EPS	$1.55 - $1.75

(1) Our outlook does not include provisions for future asset impairments or for pending legal matters, other than future legal amounts that are probable and estimable. Further, due to their nature, certain income and expense items, such as certain investments, derivative and foreign currency transaction gains or losses, cannot be accurately forecast. Accordingly, we only include such items in our financial outlook to the extent they are reasonably certain. Our outlook includes the impact of any pending business combinations to the extent they are expected to close in the upcoming quarter. Actual results may differ materially from the outlook.

(2) Our guidance for diluted EPS attributable to other items for the second quarter of fiscal 2021 is primarily attributable to acquisition-related items and an estimated tax expense that is unrelated to the fiscal year in which it is expected to be recorded.

Qualcomm Announces First Quarter Fiscal 2021 Results Page 3 of 8

Conference Call

Qualcomm’s first quarter fiscal 2021 earnings conference call will be broadcast live on February 3, 2021, beginning at 1:45 p.m. Pacific Time (PT) at http://investor.qualcomm.com/events.cfm. This conference call will include a discussion of “Non-GAAP financial measures” as defined in Regulation G. The most directly comparable GAAP financial measures and information reconciling these Non-GAAP financial measures to our financial results prepared in accordance with GAAP, as well as other financial and statistical information to be discussed on the conference call, will be posted at http://investor.qualcomm.com/ immediately prior to the commencement of the call. An audio replay will be available at http://investor.qualcomm.com/events.cfm and via telephone following the live call for 30 days thereafter. To listen to the replay via telephone, U.S. callers may dial (877) 660-6853 and international callers may dial (201) 612-7415. Callers should use reservation number 13714808.

About Qualcomm

Qualcomm is the world’s leading wireless technology innovator and the driving force behind the development, launch and expansion of 5G.  When we connected the phone to the internet, the mobile revolution was born. Today, our foundational technologies enable the mobile ecosystem and are found in every 3G, 4G and 5G smartphone.  We bring the benefits of mobile to new industries, including automotive, the internet of things and computing, and are leading the way to a world where everything and everyone can communicate and interact seamlessly.

Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering, research and development functions and substantially all of our products and services businesses, including our QCT semiconductor business.

Note Regarding Forward-Looking Statements

In addition to the historical information contained herein, this news release contains forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to statements regarding our remaining well positioned as the 5G ramp continues and we extend our core technology roadmap to adjacent industries; our business outlook; and our estimates and guidance related to revenues and earnings per share. Forward-looking statements are generally identified by words such as “estimates,” “guidance,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks” and similar expressions. Actual results may differ materially from those referred to in the forward-looking statements due to a number of important factors, including but not limited to the impact of the COVID-19 pandemic, and government policies and other measures designed to limit its spread, on business and consumer confidence, on demand for smartphones and other consumer devices sold by our customers or licensees which incorporate our integrated circuit products and/or our intellectual property, and on the global wireless supply chain, transportation and distribution networks, and workforces. Actual results may also differ materially from those referred to in the forward-looking statements due to, among other factors: our customers’ and licensees’ sales of products and services based on CDMA, OFDMA and other communications technologies, including 5G, and our customers’ demand for our products based on these technologies; competition in an environment of rapid technological change, and our ability to adapt to such change and compete effectively; our dependence on a small number of customers and licensees, and particularly from their sale of premium-tier devices; our customers’ vertically integrating; a significant portion of our business being concentrated in China, which is exacerbated by U.S./China trade and national security tensions; efforts by some OEMs to avoid paying fair and reasonable royalties for the use of our intellectual property, and other attacks on our licensing business model, including current and future legal proceedings and governmental investigations and proceedings, including potential adverse outcomes relating to the Federal Trade Commission lawsuit against us, and actions of quasi-governmental bodies and standards and industry organizations; potential changes in our patent licensing practices, whether due to governmental investigations, private legal proceedings challenging those practices, or otherwise; the continued and future success of our licensing programs, which requires us to continue to evolve our patent portfolio and to renew or renegotiate license agreements that are expiring; our dependence on a limited number of third-party suppliers; risks associated with the operation and control of our manufacturing facilities; our ability to extend our technologies and products into new and expanded product areas and adjacent industry segments and applications beyond mobile; our strategic acquisitions, transactions and investments, and our ability to consummate strategic acquisitions; security breaches of our information technology systems, or other misappropriation of our technology, intellectual property or other proprietary or confidential information; difficulties in enforcing and protecting our intellectual property rights; claims by third parties that we infringe their intellectual property; our use of open source software; our ability to attract and retain qualified employees; failures in our products or in the products of our customers or licensees, including those resulting from security vulnerabilities, defects or errors; the cyclical nature of the semiconductor industry, declines in global, regional or local economic conditions, or our stock price and earnings volatility; our ability to comply with laws, regulations, policies and standards; our indebtedness; and potential tax liabilities. These and other risks are set forth in our Quarterly Report on Form 10-Q for the fiscal quarter ended December 27, 2020 filed with the SEC. Our reports filed with the SEC are available on our website at www.qualcomm.com. We undertake no obligation to update, or continue to provide information with respect to, any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.

###

Qualcomm is a trademark or registered trademark of Qualcomm Incorporated. Other products and brand names may be trademarks or registered trademarks of their respective owners.

Qualcomm Announces First Quarter Fiscal 2021 Results Page 4 of 8

QUALCOMM Incorporated

CONDENSED CONSOLIDATED BALANCE SHEETS

(In millions, except par value amounts)

(Unaudited)

	December 27, 2020		September 27, 2020
ASSETS
Current assets:
Cash and cash equivalents	$	7,076	$	6,707
Marketable securities	5,222		4,507
Accounts receivable, net	4,148		4,003
Inventories	2,552		2,598
Other current assets	794		704
Total current assets	19,792		18,519
Deferred tax assets	1,319		1,351
Property, plant and equipment, net	4,033		3,711
Goodwill	6,358		6,323
Other intangible assets, net	1,541		1,653
Other assets	4,436		4,037
Total assets	$	37,479	$	35,594
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Trade accounts payable	$	2,429	$	2,248
Payroll and other benefits related liabilities	1,149		1,053
Unearned revenues	540		568
Short-term debt	500		500
Other current liabilities	4,605		4,303
Total current liabilities	9,223		8,672
Unearned revenues	644		761
Income taxes payable	1,855		1,872
Long-term debt	15,231		15,226
Other liabilities	3,146		2,986
Total liabilities	30,099		29,517
Stockholders’ equity:
Preferred stock, $0.0001 par value; 8 shares authorized; none outstanding	—		—
Common stock and paid-in capital, $0.0001 par value; 6,000 shares authorized; 1,136 and 1,131 shares issued and outstanding, respectively	113		586
Retained earnings	6,974		5,284
Accumulated other comprehensive income	293		207
Total stockholders’ equity	7,380		6,077
Total liabilities and stockholders’ equity	$	37,479	$	35,594

Qualcomm Announces First Quarter Fiscal 2021 Results Page 5 of 8

QUALCOMM Incorporated

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In millions, except per share data)

(Unaudited)

	Three Months Ended
	December 27, 2020		December 29, 2019
Revenues:
Equipment and services	$	6,442	$	3,534
Licensing	1,793		1,543
Total revenues	8,235		5,077
Costs and expenses:
Cost of revenues	3,489		2,113
Research and development	1,653		1,406
Selling, general and administrative	567		528
Total costs and expenses	5,709		4,047
Operating income	2,526		1,030
Interest expense	(141)		(148)
Investment and other income, net	219		65
Income before income taxes	2,604		947
Income tax expense	(149)		(22)
Net income	$	2,455	$	925
Basic earnings per share	$	2.16	$	0.81
Diluted earnings per share	$	2.12	$	0.80
Shares used in per share calculations:
Basic	1,134		1,144
Diluted	1,156		1,159

Qualcomm Announces First Quarter Fiscal 2021 Results Page 6 of 8

QUALCOMM Incorporated

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

(Unaudited)

	Three Months Ended
	December 27, 2020		December 29, 2019
Operating Activities:
Net income	$	2,455	$	925
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	364		351
Income tax provision in excess of (less than) income tax payments	53		(131)
Share-based compensation expense	392		294
Net gains on marketable securities and other investments	(195)		(79)
Impairment losses on other investments	1		72
Other items, net	(19)		(26)
Changes in assets and liabilities:
Accounts receivable, net	(141)		(262)
Inventories	62		(17)
Other assets	(97)		(119)
Trade accounts payable	129		396
Payroll, benefits and other liabilities	278		(171)
Unearned revenues	(107)		(115)
Net cash provided by operating activities	3,175		1,118
Investing Activities:
Capital expenditures	(469)		(296)
Purchases of debt and equity marketable securities	(2,248)		(10)
Proceeds from sales and maturities of debt and equity marketable securities	1,612		129
Acquisitions and other investments, net of cash acquired	(138)		(75)
Other items, net	41		49
Net cash used by investing activities	(1,202)		(203)
Financing Activities:
Proceeds from short-term debt	819		558
Repayment of short-term debt	(818)		(558)
Repurchases and retirements of common stock	(444)		(762)
Dividends paid	(739)		(710)
Payments of tax withholdings related to vesting of share-based awards	(449)		(203)
Other items, net	(14)		16
Net cash used by financing activities	(1,645)		(1,659)
Effect of exchange rate changes on cash and cash equivalents	41		14
Net increase (decrease) in total cash and cash equivalents	369		(730)
Total cash and cash equivalents at beginning of period	6,707		11,839
Total cash and cash equivalents at end of period	$	7,076	$	11,109

Qualcomm Announces First Quarter Fiscal 2021 Results Page 7 of 8

Note Regarding Use of Non-GAAP Financial Measures

The Non-GAAP financial measures presented herein should be considered in addition to, not as a substitute for or superior to, financial measures calculated in accordance with GAAP. In addition, “Non-GAAP” is not a term defined by GAAP, and as a result, our Non-GAAP financial measures might be different than similarly titled measures used by other companies. Reconciliations between GAAP and Non-GAAP financial measures are presented herein.

We use Non-GAAP financial information: (i) to evaluate, assess and benchmark our operating results on a consistent and comparable basis; (ii) to measure the performance and efficiency of our ongoing core operating businesses, including our QCT (Qualcomm CDMA Technologies) and QTL (Qualcomm Technology Licensing) segments; and (iii) to compare the performance and efficiency of these segments against competitors. Non-GAAP measurements used by us include revenues, cost of revenues, research and development (R&D) expenses, selling, general and administrative (SG&A) expenses, other income or expenses, operating income, interest expense, net investment and other income, income or earnings before income taxes, effective tax rate, net income and diluted earnings per share. We are able to assess what we believe is a more meaningful and comparable set of financial performance measures by using Non-GAAP information. In addition, the HR and Compensation Committee of the Board of Directors uses certain Non-GAAP financial measures in establishing portions of the performance-based incentive compensation programs for our executive officers. We present Non-GAAP financial information to provide greater transparency to investors with respect to our use of such information in financial and operational decision-making. This Non-GAAP financial information is also used by institutional investors and analysts in evaluating our business and assessing trends and future expectations.

Non-GAAP information excludes our QSI (Qualcomm Strategic Initiatives) segment and certain share-based compensation, acquisition-related items, tax items and other items.

•QSI is excluded because we expect to exit our strategic investments in the foreseeable future, and the effects of fluctuations in the value of such investments and realized gains or losses are viewed as unrelated to our operational performance.

•Share-based compensation expense primarily relates to restricted stock units. We believe that excluding non-cash share-based compensation from the Non-GAAP financial information allows us and investors to make additional comparisons of the operating activities of our ongoing core businesses over time and with respect to other companies.

•Certain other items are excluded because we view such items as unrelated to the operating activities of our ongoing core businesses, as follows:

◦Acquisition-related items include amortization of acquisition-related intangible assets, substantially all of which relate to the amortization of technology-based intangible assets that is recorded in cost of revenues and will recur in future periods until the related intangible assets have been fully amortized. We view acquisition-related intangible assets as items arising from pre-acquisition activities determined at the time of an acquisition. Acquisition-related intangible assets contribute to revenue generation that has not been excluded from our Non-GAAP financial information. Acquisition-related items also include recognition of the step-up of inventories and property, plant and equipment to fair value and the related tax effects of acquisition-related items, as well as any effects from restructuring the ownership of such acquired assets. Additionally, we exclude third-party acquisition and integration services costs and costs related to temporary debt facilities and letters of credit executed prior to the close of an acquisition.

◦We exclude certain other items that we view as unrelated to our ongoing businesses, such as major restructuring and restructuring-related costs, goodwill and indefinite- and long-lived asset impairments and awards, settlements and/or damages arising from legal or regulatory matters. Beginning in the second quarter of fiscal 2020, we exclude gains and losses driven by the revaluation of our deferred compensation plan liabilities recognized in operating expenses and the offsetting gains and losses on the related plan assets recognized in investment and other income. Amounts prior to the second quarter of fiscal 2020, which were not material, continue to be included in Non-GAAP results.

◦Certain tax items that are unrelated to the fiscal year in which they are recorded are excluded in order to provide a clearer understanding of our ongoing Non-GAAP tax rate and after-tax earnings.

Qualcomm Announces First Quarter Fiscal 2021 Results Page 8 of 8

Reconciliations of GAAP Results to Non-GAAP Results

(in millions, except per share data and percentages)	GAAP to Non-GAAP Reconciliation							Non-GAAP Supplemental Information
	GAAP Results		Less QSI	Less Share-Based Compensation	Less Other Items1	Non-GAAP Results		QCT	QTL	Non-GAAP Reconciling Items2
Q1 Fiscal 2021
Revenues	$8,235		$9	$—	$—	$8,226		$6,533	$1,660	$33
Operating income (loss)	2,526		6	(393)	(118)	3,031
EBT	2,604		158	(393)	(73)	2,912		1,919	1,270	(277)
EBT as % of revenues	32	%				35	%
Net income (loss)	2,455		150	(231)	26	2,510
Diluted EPS	$2.12		$0.13	($0.20)	$0.02	$2.17
Diluted shares	1,156		1,156	1,156	1,156	1,156
Q1 Fiscal 2020
Revenues	$5,077		$20	$—	$—	$5,057		$3,618	$1,404	$35
Operating income (loss)	1,030		13	(294)	(84)	1,395
EBT	947		(3)	(294)	(90)	1,334		479	1,017	(162)
EBT as % of revenues	19	%				26	%
Net income (loss)	925		(2)	(222)	(2)	1,151
Diluted EPS	$0.80		$—	($0.19)	$—	$0.99
Diluted shares	1,159		1,159	1,159	1,159	1,159

(1) Further details of amounts included in the “Other Items” column for the current period are included in the “Supplemental Information and Reconciliations” section herein. Details of amounts included in the “Other Items” column for the prior period are included in the news release for that period.

(2)Non-GAAP reconciling items related to revenues consisted primarily of nonreportable segment revenues less intersegment eliminations. Non-GAAP reconciling items related to EBT consisted primarily of certain R&D expenses, SG&A expenses, other expenses or income, interest expense and certain investment income that are not allocated to segments for management reporting purposes; nonreportable segment results; and the elimination of intersegment profit.

Sums may not equal totals due to rounding.

Q1 Fiscal 2021 Supplemental Information and Reconciliations
($ in millions)	GAAP Results		Less QSI		Less Share-Based Compensation		Less Other Items1, 2		Non-GAAP Results
Cost of revenues		$3,489		$—		$11		$62		$3,416
Research and development expenses		1,653		—		283		18		1,352
Selling, general and administrative expenses		567		3		99		38		427
Interest expense		141		—		—		9		132
Investment and other income, net		219		152		—		54		13
Income tax expense (benefit)		149		8		(162)		(99)		402

(1) Other items excluded from Non-GAAP results included $64 million of acquisition-related charges, $9 million of interest expense related to the 2018 and 2019 European Commission fines and $3 million of charges related to restructuring-related activities, partially offset by a $3 million gain related to a favorable legal settlement. Other items excluded from Non-GAAP results also included $54 million of losses driven by the revaluation of our deferred compensation plan liabilities, which increased operating expenses, offset by corresponding $54 million of gains driven by the revaluation of the associated plan assets, which were included within investment and other income, net.

(2)At fiscal year end, the quarterly tax provision for each column equals the annual tax provision (benefit) for each column computed in accordance with GAAP. In interim quarters, the sum of these provisions (benefits) may not equal the total GAAP tax provision, and this difference is included in the tax provision (benefit) in the “Other Items” column. Tax benefit in the “Other Items” column included $78 million of foreign currency gains related to a noncurrent receivable resulting from our refund claim of Korean withholding taxes paid in prior periods, a $19 million tax benefit from the effects of the new U.S. Treasury regulations on prior periods, a $7 million tax benefit for the tax effect of acquisition-related charges and a $1 million tax benefit from the combined effect of other items in EBT, partially offset by a $6 million charge to reconcile the tax provision of each column to the total GAAP tax provision for the quarter.

XML

Cover Page	Feb. 03, 2021
Cover [Abstract]
Entity Registrant Name	QUALCOMM INC/DE
Entity Central Index Key	0000804328
Amendment Flag	false
Document Type	8-K
Document Period End Date	Feb. 03, 2021
Entity Incorporation, State or Country Code	DE
Entity File Number	000-19528
Entity Tax Identification Number	95-3685934
Entity Address, Address Line One	5775 Morehouse Drive
Entity Address, City or Town	San Diego
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92121
City Area Code	858
Local Phone Number	587-1121
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $0.0001 par value
Trading Symbol	QCOM
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false