Qualcomm Incorporated (QCOM)

Gross profit margin

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	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	15,674,000	15,906,000	11,471,000
Revenue (ttm)	US$ in thousands	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	24,273,000	25,237,000	21,179,000
Gross profit margin		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%	64.57%	63.03%	54.16%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $20,155,000K ÷ $36,292,000K
= 55.54%

Qualcomm Incorporated's gross profit margin has shown some fluctuations over the past few quarters. The margin has generally been above 50% which indicates that the company has been able to efficiently manage its production costs and generate a significant profit on its sales revenue.

There was a slight decline in the gross profit margin from December 2022 to March 2023, followed by an increase in June and September 2023. The margin reached its peak at 60.67% in March 2020, after which it showed a downward trend before recovering in the recent quarters.

Overall, Qualcomm's gross profit margin has demonstrated its ability to maintain profitability, albeit with some variability, and it will be important to monitor future trends to assess the company's operational efficiency and pricing strategy.