The company is investing in new and expanded product areas, industries and applications beyond mobile handsets, such as automotive and IoT.

The company engages in strategic investments and acquisitions to open new opportunities for its technologies, support the design and introduction of new products, and grow its patent portfolio.

The company is focused on remaining a leader in 5G technology development, standardization, intellectual property creation and licensing, and a leading developer and supplier of 5G integrated circuit products.

The company continues to invest in research and development to enhance existing products and technologies and to develop new products and technologies.

The company is focused on executing supply strategies that provide supply assurance, technology leadership and reasonable margins.

The company is focused on talent attraction and retention, striving to make Qualcomm a diverse, inclusive, and safe workplace.

A significant portion of revenues are derived from a small number of customers and licensees, particularly from their sale of premium tier handset devices, which could negatively affect the business if these revenues decrease or fluctuate.

The company's semiconductor business may suffer as a result of customers vertically integrating (i.e., developing their own integrated circuit products).

A significant portion of the business is concentrated in China, and the risks of such concentration are exacerbated by U.S./China trade and national security tensions.

The industry is subject to intense competition in an environment of rapid technological change, and success depends on the ability to adapt and compete effectively.

The company faces competition from products internally developed by its customers, including some of its largest customers.

The company competes with a number of other U.S. and international designers and manufacturers of semiconductors.

The company depends on a limited number of third-party suppliers for the procurement, manufacture, assembly and testing of its products, which could negatively impact results of operations if these suppliers fail to meet requirements.

The company's manufacturing facilities are subject to various risks, including environmental compliance, climate change, natural disasters, health crises, geopolitical conflicts and cyber-attacks.

The company's supply chain could be disrupted by various factors, including natural disasters, geopolitical conflicts, health crises, cyber-attacks and trade or national security protection policies.

The company is conducting broad research and development across AI, including generative AI, from fundamental research to platform and applied research.

The company continues to play a leading role in driving advancements in 5G and developing system-level inventions that serve as the foundation for future generations of advanced wireless technologies.

The company's processors are purpose-built to power mobile experiences, automobiles and the IoT, with heterogeneous computing features and specialized engines.

The company intends to continue to pay quarterly cash dividends, subject to capital availability and its view that cash dividends are in the best interests of its stockholders.

The company has a stock repurchase program and may make repurchases in the open market, through 10b5-1 programs, through accelerated share repurchase programs, in privately negotiated transactions or through the use of derivative instruments.

The company continues to invest in research and development to extend the demand for its products and technologies and to utilize that research and development in industries and applications beyond mobile handsets.

The company has integrated corporate responsibility throughout its business, from daily operations to executive leadership and the Board of Directors.

The company's environmental efforts center on reducing greenhouse gas emissions, optimizing energy consumption, managing water usage and minimizing waste throughout its operations and the communities in which it works.

The company believes that a diverse workforce is important to its success and continues to focus on making Qualcomm a great place to work for everyone, including women and underrepresented populations.

The company estimates that consumer demand for 3G, 4G, and 5G handset volumes will increase by a low-to-mid-single digit percentage relative to the prior year.

The company expects strong demand for IoT devices across consumer, edge networking and industrial applications, and growth in the digitalization of the automotive cockpit.

The mobile industry continues to transition to 5G technology as 5G network deployments and device launches continue, particularly in emerging regions.