FORM 10-Q_____________________ (Mark one)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the quarterly period ended March29, 2026OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the transition period fromto.Commission File Number 0-19528 QUALCOMM Incorporated (Exact name of registrant as specified in its charter) (858) 587-1121(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock, $0.0001 par valueQCOMThe Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that theregistrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reportingcompany☐Emerging growthcompany If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). The number of shares outstanding of the registrant’s common stock was 1,054 million at April27, 2026. QUALCOMM IncorporatedForm 10-QFor the Quarter Ended March29, 2026 Item1.Condensed Consolidated Financial Statements (Unaudited)Condensed Consolidated Balance SheetsCondensed Consolidated Statements of OperationsCondensed Consolidated Statements of Comprehensive IncomeCondensed Consolidated Statements of Cash FlowsCondensed Consolidated Statements of Stockholders’ EquityNotes to Condensed Consolidated Financial StatementsItem2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem3.Quantitative and Qualitative Disclosures About Market RiskItem4.Controls and Procedures Item1.Legal ProceedingsItem1A.Risk FactorsItem2.Unregistered Sales of Equity Securities and Use of ProceedsItem3.Defaults Upon Senior SecuritiesItem4.Mine Safety DisclosuresItem5.Other InformationItem6.Exhibits ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) QUALCOMM IncorporatedCONDENSED CONSOLIDATED BALANCE SHEETS(In millions, except par value amounts)(Unaudited) ASSETS LIABILITIES AND STOCKHOLDERS’ EQUITY QUALCOMM IncorporatedCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In millions)(Unaudited) QUALCOMM IncorporatedNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) Note 1. Basis of Presentation and Significant Accounting Policies Update Financial Statement Preparation.These condensed consolidated financial statements have been prepared in accordance withaccounting principles generally accepted in the United States of America (GAAP) for interim financial information and theinstructions to Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP forcomplete financial statements. In the opinion of management, the interim financial information includes all normal recurringadjustments necessary for a fair statement of the results for the interim periods. These condensed consolidated financial statements areunaudited and should be read in conjunction with our Annual Report on Form 10-K for our fiscal year ended September28, 2025.Operating results for interim periods are not necessarily indicative of operating results for an entire fiscal year. We operate and report using a 52-53 week fiscal year ending on the last Sunday in September. Each of the three and six monthsended March29, 2026 and March30, 2025 included 13 weeks and 26 weeks, respectively. Our fiscal year for 2026 will include 52weeks. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions thataffect the reported amounts and the disclosure of contingent amounts in our condensed consolidated financial statements and theaccompanying notes. Actual results could differ from thos