SuperworthQUALCOMM profit margin QCOM
Gross, operating and net profit as a share of revenue over the last twelve months, from 1996.
- Net margin, 12 months
- 21.0%
- Operating margin, 12 months
- 23.2%
- Net margin on a year earlier
- −5.8 pts
- Peer median
- 28.9%
Over the twelve months to Jun 28, 2026, QUALCOMM kept 21.0% of its revenue as net profit, with an operating margin of 23.2% and a gross margin of 54.2%.
Five years earlier its net margin was 28.3%.
The median for 10 semiconductor stocks of a similar size is 28.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 12.5% | 27.9% | 55.4% |
| FY2024 | 26.0% | 25.8% | 56.2% |
| FY2023 | 20.2% | 21.7% | 55.7% |
| FY2022 | 29.3% | 35.9% | 57.8% |
| FY2021 | 26.9% | 29.2% | 57.5% |
| FY2020 | 22.1% | 26.6% | 60.7% |
| FY2019 | 18.1% | 31.6% | 64.6% |
| FY2018 | −22.0% | 2.7% | 54.7% |
| FY2017 | 11.0% | 11.6% | 56.2% |
| FY2016 | 24.2% | 27.6% | 58.6% |
| FY2015 | 20.8% | 22.8% | 58.9% |
| FY2014 | 30.1% | 28.5% | 59.7% |
| FY2013 | 27.6% | 29.1% | 60.5% |
| FY2012 | 31.9% | 29.7% | 62.9% |
| FY2011 | 28.5% | 33.6% | 67.4% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 21.0% | −5.8 pts | 23.2% | |
| Q2 FY26 | 22.3% | −3.8 pts | 25.5% | |
| Q1 FY26 | 12.0% | −14.0 pts | 27.1% | |
| Q4 FY25 | 12.5% | −13.5 pts | 27.9% | |
| Q3 FY25 | 26.8% | +3.4 pts | 27.8% | |
| Q2 FY25 | 26.1% | +3.1 pts | 27.1% | |
| Q1 FY25 | 25.9% | +4.5 pts | 26.3% | |
| Q4 FY24 | 26.0% | +5.8 pts | 25.8% | |
| Q3 FY24 | 23.3% | +1.0 pts | 23.8% | |
| Q2 FY24 | 23.0% | −2.6 pts | 23.4% | |
| Q1 FY24 | 21.4% | −6.0 pts | 22.7% | |
| Q4 FY23 | 20.2% | −9.1 pts | 21.7% |
Against its peers
Companies in Semiconductors nearest QUALCOMM's size, closest first, today.
| Company | Profit margin |
|---|---|
| QCOMQUALCOMM | 21.0% |
| ADIAnalog Devices | 29.8% |
| KLACKLA | 35.6% |
| MRVLMarvell Technology | 27.9% |
| TXNTexas Instruments | 34.3% |
| LRCXLam Research | 32.3% |
| AMATApplied Materials | 30.1% |
| INTCIntel | −19.8% |
| TELTE Connectivity | 15.6% |
| NXPINXP Semiconductors | 22.6% |
| MPWRMonolithic Power Systems | 24.5% |
| Peer median | 28.9% |
Where QUALCOMM ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on QUALCOMM
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.