v3.25.4

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Dec. 28, 2025	Dec. 29, 2024
Revenues:
Equipment and services	$ 10,466	$ 9,942
Licensing	1,786	1,727
Total revenues	12,252	11,669
Costs and expenses:
Cost of revenues	5,568	5,161
Research and development	2,453	2,230
Selling, general and administrative	865	723
Total costs and expenses	8,886	8,114
Operating income	3,366	3,555
Interest expense	(169)	(163)
Investment and other income, net	350	243
Income before income taxes	3,547	3,635
Income tax expense	(543)	(455)
Net income	$ 3,004	$ 3,180
Basic earnings per share	$ 2.81	$ 2.86
Diluted earnings per share	$ 2.78	$ 2.83
Shares used in per share calculations:
Basic	1,070	1,110
Diluted	1,079	1,122

Aggregate revenue during the period from equipment and services rendered in the normal course of business, after deducting allowances and discounts and the aggregate revenue during the period from the sale of goods in the normal course of business, after deducting returns, allowances and discounts.

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QUALCOMM INC/DE 10-Q