CLAIM #51588 · Qualcomm Incorporated (QCOM) · 2025Q3 earnings call · Jul 30, 2025

“The way we've managed OpEx over the last several years, you've seen us, a very small growth in OpEx over the last 4 years... to the extent that there are new skills required to execute on the data center diversification assets, we will invest in that. But outside of that, we plan to be pretty careful managing OpEx going forward.”

Akash Palkhiwala · CFO

How to check this claim

Look at: Total operating expenses (R&D + SG&A), fiscal year

It came true if: Operating expense growth year-over-year <= mid-single digits (roughly 0-6%), excluding costs tied to new data center diversification hiring

Where: Company income statement (10-K / annual report, fiscal year operating expense line)

Knowable after: 2026-07-30

Verify independently

SEC filings for QCOM ↗ · Quote is verbatim from the 2025Q3 earnings call.