Aslan Research · Chips
QUALCOMM INC/DE (QCOM)
Data as of 2026-08-21 · 28 quarters · filed in USD
Revenue reached $44.1 billion over the trailing year, while expenses were $25.2 billion. Revenue growth was 16% per year against expense growth of 0%, pointing to a widening operating spread in the reported trend.
Earned, collected early, and merely signed
Reports $15B of debt; has promised $15B
Committed money matches reported debt at 1.0x. The filings identify the full $14.8 billion commitment as debt, with no additional lease or purchase-obligation layer in this total.
What the promised total is made of, latest quarter
Spending, by reported line
When the promises come due
The next five years carry $15.1 billion of commitments, followed by $10.9 billion scheduled after year five. The filings therefore place a substantial portion of committed payments beyond the near-term wall.
The rates that matter
Expenses as filed vs after cited reconciliation
7 patterns worth a second look
The sharpest flag is the reported receivables and customer-financing balance growth of 13.6x against quarterly revenue growth of 1.1x over the last 8 periods. The filings also describe funding or guarantees for another entity, material nonrecurring items, repeated executive- or affiliate-related trading arrangements, a post-period acquisition, a change in purchase-obligation presentation, and a substantive revision to the Revolving Credit Facility amount.
off balance sheet · 1
The filings report commitments to provide funding or guarantee third-party financing for another entity.
one time dressing · 1
The filings present material nonrecurring items alongside period operating results and liquidity information.
receivables ratio · 1
Over the last 8 periods, receivables and customer-financing balances grew 13.6x while quarterly revenue grew 1.1x.
redefinition · 1
The filings change the reported scope and timing of purchase obligations from fiscal-year columns to a total-and-next-12-month presentation.
related party exposure · 1
The filings repeatedly report equity issuances or trading arrangements involving executives, founders, affiliates, and family trusts.
subsequent event · 1
The FY2026 filing reports a post-period acquisition that materially recontextualizes the preceding period.
value revision · 1
The catalog contains a substantive revision in the reported Revolving Credit Facility amount.