Qualcomm Buying Back $20 Billion in Shares, Boosts Dividend

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===h&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(no)),notifLabel:document.querySelector(".".concat(oo))};t.notifDropdown&&mo(e,t)}))}()}};]]>ADVERTISEMENTLynn DoanTue, March 17, 2026 at 3:27 PM GMT+1 2 min readPhotographer: Bing Guan/Bloomberg(Bloomberg) -- Qualcomm Inc., the largest maker of smartphone processors, plans to buy back another $20 billion worth of shares and is raising its quarterly cash dividend as part of a broader effort to bolster shareholder returns while diversifying its business. The chipmaker’s board has approved the new stock repurchase program, which adds to previous buybacks announced in November 2024, according to a company statement. The San Diego-based company’s quarterly dividend will rise to 92 cents a share from 89 cents after March 26. Its annualized dividend payout will increase to $3.68 a share.Most Read from BloombergTrump Signs Order to Launch Vance-Led Anti-Fraud Task ForceFinland’s Stubb Cautions NATO Allies to Heed Trump’s Hormuz CallSlashing Tax Bills for Rich Investors Is a $1 Trillion BusinessTwo LPG Ships Sail Through Hormuz to Shortage-Hit IndiaHormuz Escape Route Suggests Ships Navigate on Iran’s TermsLast month, Qualcomm issued a tepid forecast for revenue, saying a global shortage of memory chips means some of its customers, particularly those in China, will be making fewer handsets. Chief Executive Officer Cristiano Amon has been working to transform the company into a more diversified seller of chips for cars, personal computers and data centers, but the new businesses haven’t generated enough to make up for the shortfall in its main market.The company’s shares were up about 3% at 9:41 a.m. in New York.Amon said in the company’s statement on Tuesday that he remains “focused on stockholder returns and executing on our ongoing diversification opportunities.”Major technology companies are buying up more memory chips than ever before to secure capacity for artificial intelligence systems. That’s prompted chipmakers to allocate more of their production to these higher-margin orders, leaving fewer memory chips available for others such as consumer device manufacturers and carmakers. Costs of some memory products have surged as a result.Qualcomm has been trying to get into the lucrative market for AI data center components and late last year announced products that will attempt to go directly up against Nvidia Corp.’s dominant offerings. It has said that the first shipment of that lineup is expected next year, and the initial customer will be Humain, the AI startup backed by the government of Saudi Arabia.Most Read from Bloomberg BusinessweekWe Kinda Messed Up Our RetirementSmall Businesses Are Pushing Back Against Private Equity‘God, It’s Terrifying’: How the Pentagon Got Hooked on AI War MachinesLet’s Talk About Trump’s Shoe ThingWhen the Best Retirement Is No Retirement at All©2026 Bloomberg L.P.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoTrending tickersMU Micron Technology, Inc. 461.73 +0.04 (+0.01%)CVNA Carvana Co. 291.17 -23.57 (-7.49%)FIG Figma, Inc. 25.26 -2.19 (-7.98%)LNG Cheniere Energy, Inc. 266.22 +14.72 (+5.85%)ETH-USD Ethereum USD 2,195.28 -131.09 (-5.63%)PortfolioSign in to access your portfolioSign inTop gainersRGC Regencell Bioscience Holdings Limited 26.38 +3.41 (+14.85%)VG Venture Global, Inc. 14.85 +1.88 (+14.50%)ANDG Andersen Group Inc. 28.27 +3.38 (+13.58%)HTFL Heartflow, Inc. 25.47 +2.95 (+13.10%)KC Kingsoft Cloud Holdings Limited 14.78 +1.66 (+12.65%)Top losersSAIL SailPoint, Inc. 12.47 -2.24 (-15.23%)BGSI Boyd Group Services Inc. 140.27 -21.35 (-13.21%)SA Seabridge Gold Inc. 27.01 -3.84 (-12.45%)NG NovaGold Resources Inc. 8.55 -1.19 (-12.22%)RKLB Rocket Lab Corporation 69.48 -9.11 (-11.59%)Most activeNVDA NVIDIA Corporation 180.40 -1.53 (-0.84%)PLUG Plug Power Inc. 2.3200 -0.0100 (-0.43%)ONDS Ondas Inc. 10.83 -0.45 (-3.99%)SOFI SoFi Technologies, Inc. 17.18 -0.19 (-1.09%)AAL American Airlines Group Inc. 10.80 -0.06 (-0.55%)Top economic eventsEarnings eventsMy earnings eventsEarnings events