Designs the chips and modems behind most premium smartphones; expanding into on-device AI, automotive, and PCs.
| Indicator | Score | Band |
|---|---|---|
| Depreciation Integrity | 23 | GREEN (~18–28) |
| Capex-vs-Demand Gap | 63 | AMBER–RED (~58–68) |
| Insider-Selling Intensity | 47 | AMBER (~42–52) |
| Financing Opacity / Circular Leverage | 30 | GREEN–AMBER (~25–35) |
| Energy & Diminishing Returns | 45 | AMBER (~40–50) |
| Organic End-User Demand | 74 | RED (~70–78) |
Q. The FY2025 10-K says Apple began using its own modem and expects to increasingly use it, with a 'significant negative impact' on QCT revenues. CEO Amon's own timeline is ~70% iPhones on QCOM this fall, ~20% next fall, ~zero fall 2027. Futurum estimates a ~$7.3–7.8B annual shortfall at full Apple exit. Auto and IoT combined are $10.574B growing at 27% combined. How does $10.6B growing at 27% close
A. The 10-K confirms Apple modem displacement is in progress and expects a "significant negative impact" — not speculative. Auto is $3.957B (+36%) and IoT is $6.617B (+22%), combined $10.574B (~24% of total revenue). At 27% combined growth that adds roughly $2.9B per year — not enough to offset Futurum's estimated $7.3–7.8B modem-RF cliff at full Apple exit (Futurum — attributed, not audited). Apple-
EVIDENCE: filed · scores from the engine · I5/I6 carry a score with no underlying instrument — stated where drilled.
AWAITING LIVE SERIES · wires from /api/prices · held state stands if the wire fails
SEC XBRL companyfacts · every row carries its accession · 8 quarters · refreshes off the 8-K 2.02 earnings event
Watching: Capex vs demand, Organic demand before the print.
Earnings window. no dated next-print for this firm in the calendar yet — the 59-of-68 coverage gap.
Score 47.0/100 from the engine.
No discretionary (no-plan) open-market selling on the recent record — plan sales, gifts and awards stated as what they are.
| Owner | Role | Date | Type | Value | Basis |
|---|---|---|---|---|---|
| Ace Heather S | EVP, Chief HR Officer | 2026-08-03 | Sale | $470,528 | 10b5-1 |
| Palkhiwala Akash J. | EVP, CFO & COO | 2026-07-14 | Sale | $103,574 | 10b5-1 |
| Palkhiwala Akash J. | EVP, CFO & COO | 2026-07-14 | Sale | $95,834 | 10b5-1 |
| Palkhiwala Akash J. | EVP, CFO & COO | 2026-07-14 | Sale | $59,290 | 10b5-1 |
| Palkhiwala Akash J. | EVP, CFO & COO | 2026-07-14 | Sale | $43,496 | 10b5-1 |
| Palkhiwala Akash J. | EVP, CFO & COO | 2026-07-14 | Sale | $68,731 | 10b5-1 |
| Palkhiwala Akash J. | EVP, CFO & COO | 2026-07-14 | Sale | $30,402 | 10b5-1 |
| Palkhiwala Akash J. | EVP, CFO & COO | 2026-07-14 | Sale | $10,855 | 10b5-1 |
| Palkhiwala Akash J. | EVP, CFO & COO | 2026-07-14 | Sale | $20,116 | 10b5-1 |
| Palkhiwala Akash J. | EVP, CFO & COO | 2026-07-14 | Sale | $11,416 | 10b5-1 |
| Palkhiwala Akash J. | EVP, CFO & COO | 2026-07-14 | Sale | $2,255 | 10b5-1 |
| Palkhiwala Akash J. | EVP, CFO & COO | 2026-07-14 | Sale | $6,062 | 10b5-1 |
EDGAR Form 4, parsed structured · last 60 txns · asof 2026-08-08 · refreshes off the Form-4 event class
| Announced cuts (2026) | 226 |
| Date | 2024-11 |
| Confidence | high |
| Attribution | NOT-AI |
| Driver | cyclical-restructuring |
| Source | filing |
Minor 2024 cut; stale, cyclical. L1 coverage cell, flagged.
Video. no verified channel in the map yet — our gap, stated (the map grows by verification, never by guess).
≤5 news · ≤2 video · rolling window, never an archive · ranked from the 2026-08-08 sweep · refreshes Saturday
Notes. held open — The desk has not ruled this slot.
Company data is compiled from primary sources — SEC filings, the fragility engine, and our own roster. Narrative summaries are AI-assisted; every figure comes from the record, not the model.