Buyback Radar
Company reports

Qualcomm

QCOM

Qualcomm has retired 38.4% of its shares since 2012, from 1,704,029,150 to 1,050,000,000.

38.4%retired since 2012
6.2%last 5 years
2.0%last 12 months
1.1Bshares today

At $172.11 a share, a market value of $180.7B. FCF yield 5.8%, P/E 19.5, trailing twelve months to June 2026.

Shares outstanding, 1999 to todaysplit adjusted, from SEC filings
a quarter gone 20171.7B shares, 20121.1B200020052010201520202025
1999, 1,319,662,7602026-07-27, 1,050,000,000
A share bought in 1999
1.3× more of Qualcomm today, without buying another share. It was one of 1,319,662,760 shares then. It is one of 1,050,000,000 now.
Every filing we read27 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
19991999-11-151,319,662,76010-K405cover page
20002000-10-311,496,850,71810-Kcover page
20012001-11-021,528,838,13210-Kcover page
20022002-11-201,570,161,37010-Kcover page
20032003-11-031,600,141,79410-Kcover page
20042004-11-011,639,081,63910-Kcover page
20052005-10-311,644,187,54510-Kcover page
20062006-10-311,652,553,20310-Kcover page
20072007-11-061,636,486,96310-Kcover page
20082008-09-281,656,000,00010-K/A
20092009-11-021,670,313,07810-K/A
20102010-11-011,617,713,29310-K
20112011-10-311,680,984,42610-Kscale corrected
20122012-11-051,704,029,15010-K
20132013-11-041,689,435,67310-K
20142014-11-031,662,600,94610-K
20152015-11-021,503,094,00410-K
20162016-10-311,476,886,68410-K
20172017-10-301,474,164,63910-K
20182018-11-051,212,162,58610-K
20192019-11-041,141,844,86310-K
20202020-11-021,131,000,00010-K
20212021-11-011,120,000,00010-K
20222022-10-311,121,000,00010-K
20232023-10-301,113,000,00010-K
20242024-11-041,111,000,00010-K
20252025-11-031,071,000,00010-K

Source: all 10-K filings of Qualcomm on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

What the buybacks cost, fiscal 2013 to 2025cash flow statement against share count
$74.9Bspent on buybacks
633Mfewer shares outstanding
$98average price paid per share bought back
4.9%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $172.11.

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Qualcomm buybacks, answered

Is Qualcomm buying back its stock?

Yes. Qualcomm has 2.0% fewer shares outstanding than twelve months ago, 1,050,000,000 as of July 27, 2026. Over five years the share count is down 6.2%.

How many shares has Qualcomm bought back?

Net of every new share it issued, Qualcomm has 654.0 million fewer shares than at its 2012 peak. That is 38.4% of the company. Since fiscal 2013 alone it bought back about 764.7 million shares, while the count fell by 639.4 million. The difference went to employees and other new shares.

How many shares does Qualcomm have outstanding?

1,050,000,000 shares, as of July 27, 2026, from the cover page of its latest 10-Q. At the 2012 peak it had 1,704,029,150.

What do Qualcomm's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Qualcomm stock in 2012 owns 1.6 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Qualcomm compare with other cannibal stocks?

Qualcomm ranks No. 186 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Central Pacific Financial (38.9%), Radian Group (38.8%), Federated Hermes (38.4%), Xerox (38.3%).

Every answer is computed from Qualcomm's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Superinvestors who own it

David KatzMatrix Asset Advisors260,589 shares, $48.0M, Q3 2026
Lee AinslieMaverick Capital5,542 shares, $1.0M, Q2 2026
Andreas HalvorsenViking Global Investors1,514,185 shares, $279.8M, Q2 2026
Harry BurnSound Shore Management547,812 shares, $101.2M, Q2 2026
David TepperAppaloosa250,000 shares, $46.2M, Q2 2026

From the latest 13F filings. All superinvestors.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

The story

The numbers say what happened. The story says whether it can continue. We cover companies like Qualcomm in depth on Cannibal Stocks.

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