Qualcomm Drops $20B on Massive New Share Buyback Program
The smartphone chip giant is doubling down on buybacks and boosting its dividend after a $15B repurchase plan late last year.
Qualcomm just announced a fresh $20 billion share buyback program. The chipmaker is also bumping up its quarterly cash dividend.
This isn't exactly new territory for the company. Qualcomm unveiled a $15 billion buyback back in November 2024, making this latest move an aggressive continuation of its capital return strategy. Combined, that's $35 billion committed to repurchasing its own stock in a relatively short window.
As the world's largest maker of smartphone processors, Qualcomm clearly has cash to burn — and it's choosing to funnel that money back to shareholders rather than chase splashy acquisitions.
The dual announcement signals confidence from Qualcomm's leadership that the stock is undervalued. Whether the market agrees will play out in the coming quarters.