Qualcomm approves new $20B stock repurchase authorization

Qualcomm (QCOM) announced that its board of directors has approved, effective immediately, a new $20.0B stock repurchase authorization. The new stock repurchase authorization is in addition to the company’s stock repurchase program announced in November 2024, which has approximately $2.1B of repurchase authority remaining. “The new stock repurchase program has no expiration date. The timing of stock repurchases and the number of shares of common stock to be repurchased will depend upon prevailing market conditions and other factors. Repurchases under this program may be commenced or suspended from time-to-time at the company’s discretion without prior notice. Repurchases may be made in the open market, through 10b5-1 programs, through accelerated share repurchase programs, in privately negotiated transactions or through the use of derivative instruments,” the company stated.