QUALCOMM Incorporated — Earnings Quality Grade D
QCOM · Technology
Significant concerns
Screening Summary
Management Signals
Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 24 days, change +2 days YoY
AR outpaced revenue for 2 consecutive years
Revenue 13.7%, CFFO 14.8%. Cash follows revenue
Expense Quality
Inventory 1.6% vs COGS 15.7%. Normal
CapEx growth 14.5% vs revenue 13.7%. Normal
SG&A/Gross Profit = 12.7%, excellent (<30%)
Gross margin 55.4%, change -0.8pp. Stable
Cash Flow Quality
CFFO/NI = 2.53. Profits backed by cash
FCF $12.8B, FCF/NI = 2.31
Accruals ratio = -16.9%. Low accruals
Cash $10.2B covers 69% of debt $14.8B
Balance Sheet Health
Goodwill+Intangibles $12.5B = 59% of equity. Over 50%
Debt/EBITDA = 1.0x. Healthy
Other assets -19.9% vs revenue 13.7%. Normal
Write-offs normal
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change 4% YoY. Normal
Manipulation Score
M-Score = -3.16 (< -2.22). Unlikely manipulator
Portfolio monitoring
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Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25