$2.12 Per Share Annualized Dividend

SAN DIEGO

Qualcomm Incorporated (Nasdaq: QCOM) today announced that its Board of Directors has approved a 10 percent increase in the Company’s quarterly cash dividend. The quarterly cash dividend will increase from $0.48 to $0.53 per share of common stock and will be effective for quarterly dividends payable after March 23, 2016. This dividend increase will raise the annualized dividend payout to $2.12 per share of common stock.

Steve Mollenkopf, CEO of Qualcomm Incorporated, said, “Over the last several years, we have invested aggressively in our technology roadmap and returned substantial capital to stockholders as part of a balanced capital allocation strategy. The dividend increase announced today reflects both the strength of our ongoing cash flows, as well as our confidence that our investments have created a strong foundation for future earnings growth.”

Qualcomm is hosting its annual meeting of stockholders today, March 8, 2016, in San Diego, California. The meeting will be simulcast on the Company’s Investor Relations website at http://investor.qualcomm.com/events.cfm.