Overview
- Qualcomm’s board approved a $20 billion share repurchase with no expiration, supplementing roughly $2.1 billion still authorized from a 2024 program.
- The quarterly cash dividend rises to $0.92 per share for payments after March 26, taking the annualized rate to $3.68.
- Shares rose about 3% following the announcement after a year-to-date decline of roughly 24% linked to a global memory shortage curbing handset production at major customers.
- CEO Cristiano Amon highlighted shareholder returns and diversification into data center, automotive and IoT, with reporting citing a design-win pipeline above $30 billion.
- Management cites fiscal 2025 strength—about $12.8 billion in free cash flow, a 27.9% operating margin, roughly $7.2 billion in cash and a 0.70 debt-to-equity ratio—to support the capital return plan.