Qualcomm Incorporated (QCOM)

Gross profit margin

		Sep 30, 2024	Jun 23, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Gross profit (ttm)	US$ in thousands	21,902,000	20,876,000	20,316,000	20,155,000	19,951,000	21,727,000	23,188,000	24,582,000	25,565,000	24,437,000	22,973,000	20,960,000	19,304,000	19,485,000	17,642,000	16,058,000	14,276,000	11,392,000	16,100,000	15,984,000
Revenue (ttm)	US$ in thousands	38,961,000	37,348,000	36,406,000	36,292,000	35,820,000	38,584,000	41,069,000	42,958,000	44,200,000	42,141,000	39,265,000	36,036,000	33,566,000	32,576,000	29,409,000	26,690,000	23,532,000	20,000,000	24,742,000	24,508,000
Gross profit margin		56.22%	55.90%	55.80%	55.54%	55.70%	56.31%	56.46%	57.22%	57.84%	57.99%	58.51%	58.16%	57.51%	59.81%	59.99%	60.16%	60.67%	56.96%	65.07%	65.22%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $21,902,000K ÷ $38,961,000K
= 56.22%

Qualcomm Incorporated's gross profit margin has shown some fluctuations over the past years. The margin has generally been above 50%, indicating the company's ability to generate profit after accounting for the cost of goods sold.

There was a noticeable decline in the gross profit margin from around 60% in late 2019 to the mid-50s range in 2020 and 2021, suggesting potential challenges in controlling production costs during that period.

However, there was a significant increase seen in the gross profit margin in the first half of 2021, reaching around 60%, which may indicate successful cost management or pricing strategies.

Throughout 2022 and 2023, the gross profit margin remained relatively stable in the high 50s range, signaling consistency in Qualcomm's ability to maintain profitability levels.

Overall, Qualcomm's gross profit margin appears to be relatively healthy, staying above 50%, although there have been periods of fluctuation which may need further investigation to assess the underlying reasons.