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Qualcomm (QCOM) Financial Forecast Calculator

Interactive 5-year forecast and DCF for Qualcomm. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Qualcomm’s most recent SEC filings.

Revenue FY30
$58.26B
from $35.82B
FCF FY30
$11.95B
Margin 20.5%
Enterprise value
$165.64B
4.6× LTM revenue
Equity value
$158.85B
Net debt $6.79B
Revenue & free cash flow - history and 5-year forecast
Line (area)
Bars
Historicals from SEC EDGAR (grey). Forecast years (color) update live as you move the sliders.

Assumptions

Revenue growth (annual)
10.2%
-10.0%baseline 10.2%40.0%
Gross margin
59.3%
5.0%baseline 59.3%90.0%
Capex % of revenue
4.9%
0.0%baseline 4.9%30.0%
WACC (discount rate)
9.00%
4.0%baseline 9.0%18.0%
Terminal growth
2.50%
0.0%baseline 2.5%5.0%

Need this as an Excel model?

Keep iterating on the Qualcomm forecast in Excel. The downloadable sample has every assumption you see here plus a fully integrated income statement, balance sheet, cash flow, and debt schedule - five years of SEC historicals and live formulas in a fully editable workbook.

income_statement.xlsx
Income statement, brown brand palette
income_statement.xlsx
Income statement, green brand palette
income_statement.xlsx
Income statement, red brand palette

Frequently asked

What is Qualcomm's primary business model?+

Qualcomm operates a dual business model, designing and selling integrated circuits like mobile processors and 5G modems, and licensing its extensive portfolio of cellular standard-essential patents. This approach combines a fabless semiconductor model with a high-margin intellectual property licensing model.

How does Qualcomm generate its revenue across different segments?+

Qualcomm's revenue primarily comes from its Qualcomm CDMA Technologies (QCT) segment, which accounts for about 85% of total revenue, by selling integrated circuits. The Qualcomm Technology Licensing (QTL) segment contributes approximately 14% through its high-margin intellectual property licensing.

What are the key assumptions for Qualcomm's financial model regarding capital expenditures?+

The financial model assumes a Capex_Pct_Revenue of 0.0488, reflecting Qualcomm's highly asset-light fabless model. Capital expenditures are predominantly for maintenance, such as test equipment and IT, with a smaller portion allocated to growth in new R&D facilities.

What is the purpose of the Qualcomm financial model?+

The model projects Qualcomm's future cash flows and earnings to determine its equity valuation. It specifically helps an equity research analyst assess whether rapid growth in Automotive and IoT revenues can offset structural headwinds from the maturing smartphone market and the eventual loss of Apple modem revenue.

Can I download an Excel financial model for Qualcomm (QCOM)?+

Yes, a downloadable Excel financial model for Qualcomm (QCOM) is available. This general corporate model provides financial forecasts for the company from FY2026 through FY2030.

What is Qualcomm's working capital profile?+

Qualcomm typically maintains a positive net working capital, usually between 10-15% of revenue, to fund inventory builds ahead of major smartphone launches. Days Sales Outstanding are 35-45 days, while Days Inventory Outstanding can fluctuate heavily between 100-130 days due to foundry purchase commitments.

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