Qualcomm confirms $20B repurchase authorization; dividend raised to $0.92/qtr (ESOP shelf filed); SCHD 2026 reconstitution adds QCOM
Key Questions
What is Qualcomm's new share repurchase authorization?
Qualcomm confirmed a $20 billion buyback authorization at its AGM on March 17, adding to the prior $2.1 billion for a total of $22.1 billion. This move aims to return value to shareholders amid strong financial performance.
How much has Qualcomm increased its quarterly dividend?
The dividend has been raised by 3.4% to $0.92 per quarter. This enhancement supports Qualcomm's shareholder-friendly strategy following robust earnings.
What is the purpose of Qualcomm's recent ESOP shelf filing?
Qualcomm filed a $3.1 billion ESOP shelf with the SEC, authorizing up to 24 million additional shares. This supports employee stock ownership plans.
Is Qualcomm being added to the SCHD ETF?
Yes, the SCHD 2026 reconstitution on March 23 adds QCOM alongside UNH, ABT, PG, ACN, and ARES. This inclusion highlights its dividend strength despite recent stock declines.
What were Qualcomm's Q1 FY26 financial results?
Q1 FY26 revenue reached $12.25 billion, beating expectations, with EPS of $3.50. Free cash flow hit $13 billion, bolstered by record auto revenue of $1.1 billion up 61% YoY and IoT growth of 36%.
Yahoo PR confirms AGM Mar17: $20B buyback (+$2.1B prior/$22.1B total), dividend +3.4%; SEC $3.1B ESOP shelf/+24M shares; SCHD Mar23 adds QCOM w/UNH/ABT/PG/ACN/ARES amid 25%+ plunge/soft Q2 guide miss/record auto $1.1B +61% YoY/Q2 >35%/IoT+36%/FCF $13B/Wayve ADAS; Q1 FY26 $12.25B rev beat/EPS $3.50; Simply Wall St $300 FV (58% upside)/$157 prior/$49B rev '29 proj vs bears $42.5B; fresh bull case dubs top AI bargain at $131/share; Savvy Advisors +43% to 19k shs; insti confidence Wellington +7.2M to 12.4M shs; director McLaughlin 538 DSU grant; CAO Grech negligible $10k sale; valuation opportunity amid skepticism reinforces cheap 11x fwd; pending PR/8-K/issuance.