---
schema_version: "secwatch.filing_event.v1"
accession: "0000804328-23-000042"
form_type: "8-K"
ticker: "QCOM"
cik: "0000804328"
company_name: "QUALCOMM INC/DE"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T15:41:33.803262+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Qualcomm Q3 FY2023 revenue down 23% YoY to $8.5B; GAAP EPS $1.60

## Summary
- GAAP revenue $8.45B, down 23% YoY; GAAP net income $1.80B, down 52%; GAAP EPS $1.60.
- Non-GAAP EPS $1.87 exceeded midpoint of guidance; Non-GAAP net income $2.11B.
- QCT Automotive 11th straight quarter of double-digit YoY revenue growth.
- CEO cites on-device AI potential and design-win momentum for long-term diversification.

## SEC filing metadata
- accession: 0000804328-23-000042
- form_type: 8-K
- ticker: QCOM
- cik: 0000804328
- company_name: QUALCOMM INC/DE
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/804328/000080432823000042/0000804328-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/804328/000080432823000042/qcom-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000804328-23-000042
- JSON: https://secwatch.observer/filing/0000804328-23-000042.json
- Plain text: https://secwatch.observer/filing/0000804328-23-000042.txt

## Key facts
- Earnings Releases
  QUALCOMM INC/DE reported third quarter of fiscal 2023 results: revenue $8,451, net income $1,803, EPS $1.60.
  - Period: third quarter of fiscal 2023
  - Revenue: $8,451
  - Net income: $1,803
  - EPS: $1.60
  - Result: reported results
  source text: Third Quarter Results 1, 2 GAAP Non-GAAP (in millions, except per share data and percentages) Q3 Fiscal 2023 Q3 Fiscal 2022 Change Q3 Fiscal 2023 Q3 Fiscal 2022 Change Revenues $8,451 $10,936 (23%) $8,442 $10,928 (23%) Earnings before taxes (EBT) $1,757 $4,239 (59%) $2,430 $3,894 (38%) Net income $1,803 $3,730 (52%) $2,105 $3,356 (37%) Diluted earnings per
  evidence_url: https://www.sec.gov/Archives/edgar/data/804328/000080432823000042/0000804328-23-000042-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.