March 4, 2014!

Qualcomm Incorporated 2014 Annual Meeting of Stockholders !

Dr. Paul E. Jacobs!

Executive Chairman,! Qualcomm Incorporated!

March 4, 2014!

Qualcomm Incorporated 2014 Annual Meeting of Stockholders !

Steve Mollenkopf!
CEO and President,! Qualcomm Incorporated!

2014 " 2014 "

IEEE Ernst Weber Managerial Leadership Award! GSMA Chairmans Award

2013"
Edison Achievement Award!

Dr. Paul E. Jacobs!

Executive Chairman, Qualcomm Incorporated!

2012"
FORTUNE, Ten Brilliant Technology Visionaries!

2010"

Higginbotham Corporate Leadership Award!

2009"
IEEE CASS Industrial Pioneer Award!

20072014
Institutional Investor, List of Americas Best (Telecom Sector) - Best CEO!

Growth since 2005!

+2X!
Market cap!
~$127B! $24.9B! $3.91!

+4X!
Revenues(1)!

+3X!
GAAP EPS(2)!

+4X!
Cash & marketable securities!
$31.6B!

~$55B!

$5.7B!

$1.26!

$7.9B!

! (1) and (2) See notes included in the appendix section at the end of the presentation. !

Jul05!

Feb14!

FY05!

FY13!

FY05!

FY13!

Jun05!

Dec13!

Safe Harbor!
This presentation contains forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to statements regarding our capital return targets; growth opportunities, including driving smartphone growth and innovation, facilitating data growth, developing adjacent opportunities and creating a digital sixth sense, and our ability to capitalize on those opportunities; company, industry, geographic, product, technology, or consumer demand projections, estimates, forecasts, trends, growth or opportunities; and our scal 2014, business or nancial outlook, projections, estimates, guidance, forecasts, trends, focus, targets or growth. Forward-looking statements are generally identied by words such as estimates, guidance, expects, anticipates, intends, plans, believes, seeks and similar expressions. Actual results may di#er materially from those referred to in the forward-looking statements due to a number of important factors, including but not limited to risks associated with the commercial deployment of CDMA, OFDMA and other technologies, continuing growth in our customers and licensees sales of products and services based on these technologies and our ability to continue to drive customer demand for our products and services based on these technologies; competition; our dependence on a small number of customers and licensees; the continued and future success of our licensing programs; attacks on our licensing business model, including current and future legal proceedings or actions of governmental or quasi-governmental bodies or standards or industry organizations; the enforcement and protection of our intellectual property rights; the commercial success of our new technologies, products and services; claims by third parties that we infringe their intellectual property; our dependence on a limited number of third-party suppliers; our stock price and earnings volatility; government regulations and policies; strategic transactions and investments; global economic conditions that impact the mobile communications industry; foreign currency uctuations; and failures in our products or services or in the products of our customers, including those resulting from security vulnerabilities, defects or errors. These and other risks are set forth in our most recent Form 10-Q led with the SEC, copies of which are available on our website at www.qualcomm.com. We undertake no obligation to update any forward-looking statements.! "! This presentation includes a discussion of non-GAAP nancial measures as that term is dened in Regulation G. The most directly comparable GAAP nancial measures and information reconciling these non-GAAP nancial measures to the Companys nancial results prepared in accordance with GAAP have been included at the end of this presentation.! "! Throughout todays presentations we refer to Qualcomm for ease of reference. However, please recall that in connection with our Fiscal 2013 reorganization, Qualcomm Incorporated continues to operate QTL and own the vast majority of our patent portfolio, while Qualcomm Technologies, Inc., its wholly-owned subsidiary, now operates, along with its subsidiaries, substantially all of our products and services businesses, including QCT, and substantially all of our research and development functions.!

Fiscal 2013 highlights!

Revenues(1)! Non-GAAP(1)(3) operating income! Non-GAAP(2)(3) EPS!

+30%!
$24.9B! $19.1B!

+22%!
$8.7B! $7.1B!

+22%!
$4.51! $3.71!

FY 2012!

FY 2013!

FY 2012!

FY 2013!

FY 2012!

FY 2013!

(1) (2) (3) See notes included in the appendix section at the end of the presentation. !

AWARDS AND HONORS!

Recognition for our technology innovations, business leadership and corporate culture.!

FORTUNE and The Worlds Most Admired Companies are registered trademarks of Time Inc. and are used under license.!

Quarterly dividend increased by 20%!

Record $1.68 per share annualized payout!
Quarterly dividend per share**!

20%
Increase, Board Approved*!

$0.42!
$0.35!

$0.25! $0.215! $0.14! $0.16! $0.17! $0.19!

$0.12! $0.05! $0.07! $0.09!

$0.025! $0.035!
Feb '03! Jul '03!

Mar '04!

Jul '04!

Mar '05!

Mar '06!

Mar '07!

Mar '08!

Mar '09!

Mar '10!

Mar'11!

Mar'12!

Mar'13!

Mar'14!

Note: The Company e#ected a two-for-one stock split in August 2004. All references to per share data have been adjusted to reect the stock split.! *As of March 4, 2014! **Based on announcement date of increase!

Cumulative return of capital to stockholders*!

Announced $5.0B increase in repurchase authorization; $7.8B now available!

$28.5B!
Returned to stockholders!

FY'03!
! *As of March 4, 2014.!

FY'04!

FY'05!

FY'06!

FY'07!

FY'08!

FY'09!

FY'10!

FY'11!

FY'12!

FY'13!

YTD FY'14!

Stock repurchases!

Cash dividends!

CAPITAL STRUCTURE UPDATE!

New capital return commitment*! ! " Target return of 75% of free cash ow ! ! " Grow dividend in excess of earnings growth! ! " Baseline of anti-dilutive repurchase ! ! " Continue opportunistic repurchases!

Substantially grow capital returns and retain capacity for strategic actions !
! *Guidance as of November 20, 2013!

Long history of innovation!

Investing for continued technology leadership!

$5.0B! $3.9B! $2.3B! $1.5B! $2.5B!

LTE IN UNLICENSED SPECTRUM! LTE ADVANCED ! MOBILE COMPUTING, SMALL CELLS! AP, INTEGRATION, 802.11, SNAPDRAGON, GPU! OFDMA/LTE, RF CMOS, MULTIMEDIA! CDMA2000, EV-DO, WCDMA, HSDPA, HSUPA, HSPA, HSPA+, WCDMA+!

2003!

2004!

2005!

2006!

2007!

2008!

2009!

2010!

2011!

2012!

2013!

GAAP R&D!

QCT results!
716M! 590M! 399M! 483M! $16.7B !

+21% CAGR!
$6.7B !

$12.1B ! $8.9B !

+35% CAGR!

FY10

FY11

FY12

FY13

FY10

FY11

FY12

FY13

MSM chip shipments!

$3.2B ! $2.1B ! $2.3B !

Revenues !
+23% CAGR!

$1.7B !

FY10

FY11

FY12

FY13

Earnings before tax !

QTL results!
$231.2B! $187.3B! $149.5B! $105.7B! $5.4B ! $7.6B ! $6.3B !

+29% CAGR!

$3.7B !

+27% CAGR!

FY10

FY11

FY12

FY13

FY10

FY11

FY12

FY13

Total reported device sales (4) (5)!

$6.6B ! $4.8B ! $3.0B ! $5.6B !

Revenues (5) !
+29% CAGR!

FY10

FY11

FY12

FY13

Earnings before tax !

(4) (5) See notes included in the appendix section at the end of the presentation. !

Cloud services driving computing to mobile!

Growth opportunities!
Drive smartphone growth and innovation! Facilitate data growth ! Develop adjacent opportunities! Create a digital 6th sense!

Drive smartphone growth and innovation!

Continued smartphone momentum!

~20% CAGR for smartphone unit shipments expected between 2012-2017!

~7B!
Cumulative smartphone unit shipments forecast between 2013-2017!
Source: Gartner, Sept 13!

The most widely licensed portfolio!

Applicable to 3G and 4G devices!

250+ total 3G CDMA licensees!

Covers CDMA/OFDMA multimode products!

95+ total 4G LTE licensees!

Covers single-mode OFDMA (without CDMA) products!

110+ 3G CDMA licensees in China !

55+ 4G LTE licensees in China!

(Covers both FDD & TDD)!

Qualcomm has built technology leadership!

Across all vectors!
Wi-Fi! Qualcomm Gobi Modem!
3G/4G Baseband! Multi-SIM! Broadcast/Multicast! Carrier aggregation! 802.11ac!

Krait CPU!
Up to 2.5Ghz/core!

BT!
4.1!

Qualcomm Adreno GPU! USB!

3.0, 5Gbps!

OpenGL ES 2.0/3.0! OpenCL! RenderScript!

Location!
GPS, GLONASS, Beidou Satellites!

ISP!
(Camera)!
Dual ISP!

Hexagon DSP!
Ultra Low Pwr!

Memory! Multimedia Processing!

Audio! Adv Voice Clarity! Voice Activation! Gestures! Studio Access Security!
2MB L2 Cache! LPDDR2/3!

Sensor processing! Display Processing!

4K (external), 1080p, Miracast, picture enhancement!

Qualcomm Snapdragon, Qualcomm Gobi, Krait, Qualcomm Adreno and Hexagon are products of Qualcomm Technologies, Inc.!

Leadership performance and e#iciency !

# 1!

# 1!

# 1!

# 1!

# 1!

Downlink! speed!

GPU performance!

CPU! performance!

DSP! performance!

E"iciency leadership!

" Graphics sources: http://www.anandtech.com/print/7376/samsung-galaxy-note-3-review , http://anandtech.com/show/7314/intel-baytrail-preview-intel-atom-z3770-tested, http:// anandtech.com/show/7335/the-iphone-5s-review, http://www.gsmarena.com/sony_xperia_z_ultra-review-975p5.php/, http://seekingalpha.com/article/1736492-bay-trail-trails! " CPU Source: Anandtech, 10/1/13! " Modem source: QCT ! " DSP based on BDTi testing 2012!

Flagship smartphone leadership!

Qualcomm Snapdragon in leading smartphones!

Google!
Nexus 5!

LG!
G2!

Motorola!
Moto X!

Nokia!
Lumia 1020!

Nokia!
Lumia 1520!

Samsung!
Galaxy Note 3!

Samsung!
Galaxy S5!

Xiaomi!
Mi3!

Sony!
Xperia Z2!

Sony!
Xperia Z Ultra!

Qualcomm Snapdragon is a product of Qualcomm Technologies, Inc.!

Continued Snapdragon leadership!

Snapdragon 805! The Ultra HD mobile processor!
! " First to announce LTE Cat 6 for smartphones and tablets ! ! " First to announce Ultra HD (4k) display & UI for mobile! ! " First to announce Ultra HD gaming with Adreno 420 GPU!

! Snapdragon 610 & 615! First 64-bit octa-core chipset!

! " Most mature 4G LTE solution (3rd Generation, Integrated) ! ! " 32-bit and 64-Bit capable ! ! " Quad (610) and octa-core (615) congurations!

Emerging region growth!

~3.5B 3G/4G connections expected by 2017!

>80%!

Of handset shipments expected to be smartphones in 2017!

Source: GSMA Intelligence, Jan 13; Gartner, Dec 13. This data now includes Eastern Europe in emerging regions, which was previously included in developed regions. !

China smartphone adoption!

>90% of handsets shipped in 2017 forecast to be smartphones!

Source: Gartner, Sep 13!

Driving smartphone growth globally!

Snapdragon 410!
! " Driving integrated 4G LTE across high-volume products! ! " 32-bit and 64-Bit capable ! ! " Designed for high-volume smartphones and tablets!

Snapdragon 200!
! " Designed to balance performance, 3G and battery life for entry level smartphones! ! " Dual and quad-core! ! " Includes TD-SCDMA, DC-HSPA+ (up to 42Mbps)!

At the heart of ! devices you love!

Facilitate data growth!

The 1000x Data Challenge!

Data Demand! Increase!

Richer Content!

Global Tra#ic!

More Devices!

Wireless evolution!
REL-8/9! REL-10! REL-11! REL-12 & BEYOND!

LTE FDD/TDD!
REL-7/8! REL-9!

LTE Advanced!
REL-10! REL-11! REL-12 & BEYOND!

HSPA! WCDMA! TD-SCDMA!

REV A! MULTICARRIER!

HSPA+!

HSPA+!

HSPA+ Advanced!
WCDMA+!
REL-12!

PHASE I!

PHASE II!

EV-DO! CDMA2000 1X! 802.11 G!

EV-DO Rev. B!

DO Advanced!
VOICE EFFICIENCY!

1X Advanced!

M2M EFFICIENCY!

802.11 N!

802.11 ac! 802.11 ad! 802.11 ah!

Signicant 3G/LTE multimode upgrade opportunity ahead!

Still early in upgrade of subscriber base!
~6.9B !

! " Rapid LTE deployments complementing 3G! ! " Still early in upgrade of subscriber base! ! " Frequency allocation for LTE remains fragmented!
~2.3B !

~33%!
Global ! 3G (w/o LTE)!

~0.2B !
3G/LTE multimode!

! " 3G/LTE multimode handsets expected to represent >95% of LTE handset shipments in 2018**!

Cellular Connections*!
*Source: GSMA Intelligence, Jan. 13 **Qualcomm estimate as of November 20, 2013!

LTE scale leadership!

Third generation modem launch velocity continues!
Cumulative Number of Carrier Acceptances ! (Unique OEM Devices)!

1300+!
!
Source: Qualcomm Technologies, Inc. data!

Modem Generation!
First! Second! Third!

OEM LTE designs globally based on Snapdragon or Gobi chips!

" 750+ of these have been

accepted or launched!

05/2011!

Time!

01/2014!

LTE-advanced carrier aggregation!

Spectrum bands! LTE carriers! Aggregated data pipe!
Supplemental DL!

Utilizes all ! spectrum assets!

Enhances user ! experience!

Success requires management of increasing complexity!

Driven by global adoption of carrier aggregation!
33!
Band-specic RF components!

22! 21! 20! 19! 18! 17! 16! 15! 14! 13! 12!

11! 10! 9! 8! 7! 6! 5! 4! 3! 2! 1!

China! Americas!

RF!
20MHz! 15MHz! 10MHz! 20MHz! 15MHz! 10MHz! 5MHz! 20MHz! 15MHz! 10MHz! 5MHz! +! +! +! +! +! +! +! +! +! +! +! +!

LTE Modem!
40MHz TDD! 30 MHz TDD!

32! 31!

41! 40! 39! 38! 37! 36! 35! 34!

Source: 3GPP!

30! 29! 28! 27! 26! 25! 24! 23!

300 Mbps (Cat 6)! 225 Mbps! 300 Mbps (Cat 6)! 225 Mbps! 185 Mbps! 150 Mbps! 100 Mbps! 75 Mbps!

40 MHz FDD!

30 MHz FDD! 25 MHz FDD! 20 MHz FDD! 15 MHz FDD! 10 MHz FDD!

EU!

APAC!
FDD! TDD!

Inter-band CA!

Intra-band CA!

We have redened the modem!

IP leadership: baseband and RF!
Advanced, tightly integrated!

Baseband!
3G/4G LTE advanced world mode! Wi-Fi, Bluetooth, FM, Location! Multi-SIM!

RF!
Qualcomm RF 360! Transceiver! Power management! Memory!

Fast to launch, scales globally!

Qualcomm RF360 is a product of Qualcomm Technologies, Inc.!

Superior end-to-end performance!

Fourth generation LTE!

New Qualcomm Gobi LTE Advanced modem and RF solution!

Wired broadband performance, seamless mobility!

Dynamically adapts for superior performance!

One chip, all carrier aggregation combinations!

Supports next gen LTE Advanced wideband CA!

2x faster* LTE Advanced to 300 Mbps! 4th generation LTE modem! 1st 20nm modem !

4th generation LTE transceiver! 1st 28nm RF! ~3x* more CA band combinations !

*Compared to previous generation QCT solutions. Qualcomm Gobi is a product of Qualcomm Technologies, Inc. Qualcomm WTR 3925 is a product of Qualcomm Atheros, Inc.!

Qualcomm RF360!
Execution and traction!
QFE11xx ! Envelope Tracker!
! " Unprecedented power e#iciency! ! " First commercial product launch Samsung Galaxy Note 3!

QFE27xx ! RF POP!
! " 3D RF packaging area e#iciency! ! " Sampling!

QFE23xx ! PA & Antenna Switch! QFE15xx ! Antenna Matching Tuner!

! " Breakthrough RF performance improvement ! ! " First commercial product launch Nokia Lumia 1520! ! " World mode integration advantage! ! " First commercial product launch ZTE Grand S II LTE!

75+ designs across 15+ OEMs, 10+ launched!

Evolving network deployments with small cells!

Investments in enabling technology! Leveraging existing expertise!

Qualcomm FSM is a product of Qualcomm Technologies, Inc.!

Extending LTE into unlicensed spectrum!

Enhanced user experience!

Licensed spectrum! Unlicensed spectrum!

Carrier aggregation!

Unied LTE network!

Coexists with Wi-Fi!

Improved network performance!

Driving connectivity leadership!

Expanding across all segments!

!!
Motorola!
Moto G!

Asus!
MeMo!

Samsung!
Mini!

Xiaomi!
Mi-2!

HTC!
One X!

Nokia!
Lumia 1520!

Samsung!
Mega 6.3!

Motorola!
Moto X!

Sony!
Xperia Z Ultra!

First certied 11ac mobile solution

Source: Qualcomm Technologies, Inc. data.!

First certied 11ac smartphone, Samsung Mega 6.3

Over 200 11ac designs in smartphones!

Develop adjacent opportunities!

Extending technology into adjacent device opportunities!

Wearables! Smart grid! Health devices ! CE devices! Small cells ! Tablets! Hybrids! Home gateways! Cars ! TVs!

Estimated 3G/4G calendar year device shipments(4)!

Driving growth in QTL !
Industry analysts estimates*! Qualcomm estimates**!

~16% CAGR!

~2.0B! ~0.4B!

Non-handsets!

~1.220 1.300B! ~1.080- 1.120B!

! ! ! ! ! !

" " " " " "

Tablets & mobile compute! Small cells! Auto! Dongles/mi- ! M2M ! CE!

+1118%!

~1.6B!

Handsets!

2013!

2014!

2017!

*Handsets based on averages of Strategy Analytics (September, 2013) & IDC (August, 2013). Non-handsets combination of ABI (November, 2013), Gartner (September, 2013), IDC (August, 2013), Strategy Analytics (September, 2013) and IMS (November, 2013)! **Qualcomm estimates as of January 29, 2014! (4) See notes included in the appendix section at the end of the presentation. !

Smartphone experience inuencing tablet designs!

~30% CAGR forecast of tablet shipments from 2012-2017!
Common HW/SW! Long battery life!

Touch screen! Advanced camera capabilities!

Embedded sensors! Common app development!

Source: Gartner, Sep 13!

Gaining traction on key tablet designs!

Samsung Galaxy NotePro 12.2 ! LG G Pad!
Wi-Fi, LTE! Wi-Fi, LTE!

Lenovo Yoga 10 HD+!

Wi-Fi, LTE!

Sony Xperia Tablet Z2!

Wi-Fi, LTE!

Nexus 7 by Google!
Wi-Fi, LTE!

Nokia 2520!
Wi-Fi, LTE!

Samsung Galaxy TabPro 8.4 / 10.1 / 12.2 !

Wi-Fi, LTE!

Snapdragon automotive solutions for connected infotainment!

Driving the next generation of in-car connected experiences !

GNSS Navigation! Wi-Fi and Bluetooth! Adreno 320 graphics!

Power Management!

Integrated DSP!

Camera engines! Multi-display support! Audio and video!

Quad-Core Krait CPU !

Gesture!

3G/4G LTE/3G Multi-mode!

Security!

Connected smarthome!
Transforming the home experience!
Game consoles! Smartphones! Tablets! TVs! Security!

Home gateway!

Appliances! Temperature! Lighting!

(802.11ac and low power Wi-Fi)!

Connectivity!

Internet processor!

Small cells!

Qualcomm AllPlay smart media platform is built on top of AllJoyn!

Stream music directly from the cloud!

Stream music from phones/tablets!

Stream from multiple sources to multiple syncs!

Streaming Music! Streaming URL!

AllJoyn open source project is hosted by the AllSeen Alliance.!

AllPlay Demo!

! Qualcomm Life, Inc. is a subsidiary of Qualcomm Incorporated. 2net is a product of Qualcomm Life, Inc.!

Digital 6th sense!

Creating the digital 6th sense!

Qualcomm Toq! Qualcomm Vive!

Qualcomm Zeroth!

Gimbal
Qualcomm IZat!

! !

Qualcomm mirasol!

! Qualcomm Zeroth is a product of Qualcomm Technologies, Inc." Qualcomm Toq is a product of Qualcomm Connected Experiences, Inc." Gimbal is a product of Qualcomm Retail Solutions, Inc." Pixtronix is a product of Pixtronix, Inc. Qualcomm VIVE and Qualcomm IZat are products of Qualcomm Atheros, Inc." Qualcomm Mirasol is a product of Qualcomm MEMS Technologies, Inc.!

~100! 35+!
Projects! Countries!

FISCAL 2014 OUTLOOK!

Global smartphone adoption continues! 3G and 3G/4G in emerging regions! QTL device growth and stable ASP trends! QCT continued industry leadership, strong share and design momentum! ! Managing expenses, investing for key opportunities! ! Focus on innovation ! ! Strong capital returns! ! ! ! !

Expect double-digit revenue and EPS CAGRs over the next ve years o" of a very strong scal 2013 base*!
! *Guidance as of November 6, 2013!

March 4, 2014!

Qualcomm Incorporated 2014 Annual Meeting of Stockholders !

Thank you!
Follow us on:!
For more information on Qualcomm, visit us at: www.qualcomm.com & www.qualcomm.com/blog !
2014 Qualcomm Incorporated.! "! Qualcomm, Snapdragon, Adreno, Gobi, Hexagon, 2net and VIVE are trademarks of Qualcomm Incorporated, registered in the United States and other countries. Wireless Reach, Qualcomm RF360, IZat, Krait, Toq and Zeroth are trademarks of Qualcomm Incorporated. AllJoyn is a trademark of Qualcomm Innovation Center, Inc., registered in the United States and other countries, used with permission. AllPlay is a trademark of Qualcomm Connected Experiences, Inc., used with permission." Gimbal is a trademark of Qualcomm Retail Solutions, Inc., registered in the United States and other countries, used with permission. "Mirasol is a trademark of Qualcomm MEMS Technologies, Inc., registered in the United States and other countries, used with permission. "Pixtronix is a trademark of Pixtronix, Inc., used with permission. "HealthyCircles is a trademark of MyTelehealth Solutions, LLC, used with permission." Other products and brand names may be trademarks or registered trademarks of their respective owners.! ! References in this presentation to Qualcomm may mean Qualcomm Incorporated, Qualcomm Technologies, Inc., and/or other subsidiaries or business units within the Qualcomm corporate structure, as applicable. Qualcomm Incorporated includes Qualcomms licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomms engineering, research and development functions, and substantially all of its product and services businesses, including its semiconductor business, QCT.! !

Appendix!

Footnotes!
1." Revenues, operating income and earnings before tax (EBT) are from continuing operations (i.e., before adjustments for noncontrolling interests and, for scal 2012, discontinued operations), unless otherwise stated. Throughout this presentation, scal 2012 results for FLO TV are presented as discontinued operations.! 2." Throughout this presentation diluted earnings per share (EPS) are attributable to Qualcomm (i.e., after adjustments for noncontrolling interests and discontinued operations), unless otherwise stated.! 3." Non-GAAP results exclude the QSI (Qualcomm Strategic Initiatives) segment and certain share-based compensation, acquisition-related items and tax items. ! 4." Total reported device sales is the sum of all reported sales in U.S. dollars (as reported to us by our licensees) of all licensed CDMA-based, OFDMA-based and CDMA/OFDMA multimode subscriber devices (including handsets, modules, modem cards and other subscriber devices) by our licensees during a particular period (collectively, 3G/4G devices). The reported quarterly estimated ranges of average selling prices (ASPs) and unit shipments are determined based on the information as reported to us by our licensees during the relevant period and our own estimates of the selling prices and unit shipments for licensees that do not provide such information. Not all licensees report sales, selling prices and/or unit shipments the same way (e.g., some licensees report selling prices net of permitted deductions, such as transportation, insurance and packing costs, while other licensees report selling prices and then identify the amount of permitted deductions in their reports), and the way in which licensees report such information may change from time to time. Total reported device sales, estimated unit shipments and estimated ASPs for a particular period may include prior period activity that was not reported by the licensee until such particular period. ! 5." Royalties are recognized when reported, generally one quarter following shipment.!

Reconciliations!

Non-GAAP results!
In millions, except per share data!
SEGMENTS Non-GAAP (1) $8,657
22%

QSI (1) ($31)

73%

AcquisitionShare-Based Related Compensation (1) Items (1) ($1,103)

(7%)

Tax Items $ N/A

GAAP $7,230
27%

12 MONTHS - FISCAL 2013

Operating income (loss)
Change from prior year

($293)
(10%)

Net income (loss) Diluted EPS

Change from prior year

$7,911 $4.51
22%

$43 $0.02
(95%)

($886) ($0.51)
(9%)

($279) ($0.16)
(14%)

$64 $0.04
N/M

$6,853 $3.91
11%

Diluted shares used

1,754 $7,100 $6,463 $3.71 1,741

1,754 ($116) $690 $0.40 1,741

1,754 ($1,035) ($811) ($0.47) 1,741

1,754 ($267) ($243) ($0.14) 1,741

1,754 $ $10 $0.01 1,741

1,754 $5,682 $6,109 $3.51 1,741

12 MONTHS - FISCAL 2012

Operating income (loss) Net income (loss) Diluted EPS Diluted shares used

(1) At fiscal year end, the sum of the quarterly tax provision (benefit) for each column equals the annual tax provision (benefit) for each column computed in accordance w ith GAAP. In interim quarters, the sum of these provisions (benefits) may not equal the total GAAP tax provision, and this difference is allocated to tax provisions (benefits) among the columns. N/M Not Meaningful N/A Not Applicable Sums may not equal totals due to rounding.

Business outlook !!
As of January 29, 2014!
FISCAL YEAR FY 2013 Results Non-GAAP diluted EPS Year-over-year change Diluted EPS attributable to QSI Diluted EPS attributable to share-based compensation Diluted EPS attributable to acquisition-related items Diluted EPS attributable to tax items GAAP diluted EPS Year-over-year change $4.51 $0.02 ($0.51) ($0.16) $0.04 $3.91 Current Guidance FY 2014 Estimates (1) $5.00 - $5.20 increase 11% - 15% $0.00 ($0.51) ($0.16) N/A $4.33 - $4.53 increase 11% - 16%

(1) Our current outlook for FY 2014 diluted earnings per share includes an estimate of the benefit related to stock repurchases that w e plan to complete during the fiscal year. FY 2014 guidance also reflects an annual effective tax rate that includes an estimate of the United States federal R&D tax credit expected to be generated through December 31, 2013, the date on w hich the credit expired. N/A - Not Applicable Sums may not equal totals due to rounding.

Thank you!
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2014 Qualcomm Incorporated.! "! Qualcomm, Snapdragon, Adreno, Gobi, Hexagon, 2net and VIVE are trademarks of Qualcomm Incorporated, registered in the United States and other countries. Wireless Reach, Qualcomm RF360, IZat, Krait, Toq and Zeroth are trademarks of Qualcomm Incorporated. AllJoyn is a trademark of Qualcomm Innovation Center, Inc., registered in the United States and other countries, used with permission. AllPlay is a trademark of Qualcomm Connected Experiences, Inc., used with permission." Gimbal is a trademark of Qualcomm Retail Solutions, Inc., registered in the United States and other countries, used with permission. "Mirasol is a trademark of Qualcomm MEMS Technologies, Inc., registered in the United States and other countries, used with permission. "Pixtronix is a trademark of Pixtronix, Inc., used with permission. "HealthyCircles is a trademark of MyTelehealth Solutions, LLC, used with permission." Other products and brand names may be trademarks or registered trademarks of their respective owners.! ! References in this presentation to Qualcomm may mean Qualcomm Incorporated, Qualcomm Technologies, Inc., and/or other subsidiaries or business units within the Qualcomm corporate structure, as applicable. Qualcomm Incorporated includes Qualcomms licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm Technologies, Inc., a wholly-owned subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of Qualcomms engineering, research and development functions, and substantially all of its product and services businesses, including its semiconductor business, QCT.! !