Qualcomm Inc.
QCOMHIGH VELOCITYFILING INTENSITYQualcomm Inc. reads as an High Velocity (composite 78/100); Platform Builder deploying $997M across 7 disclosed transactions, down 84% vs the prior cycle · primary market Semis & Hardware, ranked #3 on disclosed spend.
Lens
Disclosed M&A capital (2023–2025)
$997M
vs $6.2B in 2020–2022
Disclosed transactions
7
2/3 active fiscal years in window
Buyer archetype
Platform Builder
Large and recent disclosed spend expands platforms or service-line scale.
Composite score
78
High Velocity dominates · Filing Intensity
Behavioral posture, nine reads.
Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.
Active Acquirer
Companies actively deploying disclosed capital into M&A
- $19.2B disclosed buyer spend
- Filed within 27d
Buyer Cadence
Buyer-side companies with recent filing activity
- Filed within 27d
- 266 8-Ks
Target Probability
Issuers showing target-side patterns from filings
- 4 activism filings
Spin/Carve
Issuers showing spin-off, carve-out, or sum-of-parts posture
- 4 activism filings
Pressure Watch
Issuers facing activism, governance, or control pressure
- 4 activism filings
- Latest activism 11y ago; heavily discounted
Distress Watch
Issuers showing financial-distress filing patterns
- 4 activism filings
Restatement Risk
Issuers with accounting-integrity flags from filings
Capital Velocity
DominantIssuers with the highest filing-activity intensity
- 266 8-Ks
- Filed within 27d
- 5 form types
Quiet Power
Large issuers with low signal volume and clean disclosure cadence
- Enterprise value $240.8B
- 10-Q 27d ago
- 2 active signals
Capital cadence.
Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.
Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $4,912M · Peak count: 9
| FY | Disclosed buys | Disclosed spend | Avg ticket | Audited tier |
|---|---|---|---|---|
| 2025 | 7 | $743M | $106M | N/A |
| 2024 | N/A | $254M | N/A | N/A |
| 2023 | N/A | N/A | N/A | N/A |
| 2022 | 9 | $4.9B | $546M | N/A |
| 2021 | 1 | $1.1B | $1.1B | N/A |
| 2020 | N/A | $185M | N/A | N/A |
Strategy posture.
The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.
Archetype mix
- Technology Acquisition33%
- Bolt On33%
- Geographic Expansion33%
Strategy keywords
Terms recurring across recent 10-K acquisition disclosures.
- technology_acquisition
- bolt_on
- geographic_expansion
Filing language.
Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.
“We expect to continue making strategic investments and acquisitions, the amounts of which could vary significantly, to open new opportunities for our technologies, obtain development resources, grow our patent portfolio and/or pursue new businesses.”
“The automotive industry is subject to long design-in time frames, long product life cycles and a high degree of regulatory and safety requirements, necessitating suppliers to the industry to comply with stringent qualification processes, very low defect rates and high reliability standards, all of which results in a significant barrier to entry and may result in increased costs.”
“QCT’s sales are primarily made through standard purchase orders for delivery of products.”
“The market in which our QCT segment operates is intensely competitive.”
“The industry in which QCT operates is intensely competitive.”
Market context.
Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.
Primary market
Semis & Hardware
- Market spend (2023–2025)
- $118.8B
- Market spend (2020–2022)
- $89.3B
- Recent vs prior
- +33%
- Issuer rank in market
- #3 of 191
- Share of market capital
- 3.5%
Valuation positioning
QCOM trades at a -2.5-turn discount to the Semis & Hardware peer median of 20.6×.
- EV / Revenue
- 5.4×
- Net debt / EBITDA
- -0.4×
- Peer median EV / EBITDA
- 20.6×
Trading comparables
FMP market data · 2026-05-10
| Company | EV / EBITDA | EV / Rev | Net debt / EBITDA | Revenue | M&A 2023–2025 |
|---|---|---|---|---|---|
Entegris, Inc.ENTG | 30.8× | 8.0× | 3.8× | $3.2B | $6B |
| 21.7× | 6.6× | -0.1× | $25.9B | $6.9B | |
| 19.5× | 4.5× | 2.8× | $4.7B | $1.8B | |
Qualcomm Inc.QCOM | 18.1× | 5.4× | -0.4× | $44.5B | $997M |
| 14.5× | 3.5× | -0.2× | $18.5B | $3.1B |
Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Semis & Hardware. Bars scaled to the highest EV/EBITDA in the set.
Target landscape.
Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.
No qualifying public-issuer targets surfaced from the current signal mix.
Stated target categories
No target categories enumerated in the audited corpus for this issuer.
Filing activity & signal stream.
Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.
Filing cadence
- 10-K (annual)292025-11-05
- 10-Q (quarterly)912026-04-29
- 8-K (event)2662026-04-29
- Proxy / DEF 14A1742026-01-22
- Activism (13D / DFAN / PREC)42015-08-14
Signals on file
- elevated
Activism on file
2015-08-144 activist filings on file (13D, DFAN14A, PREC14A series).
- info
Signal
Serial acquisition history
- info
Signal
10-K strategy themes
Audited corpus.
No audited record on file for this CIK in the current v6 corpus.
This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.