#1January 16, 2018 A Clear Roadmap for Value Creation Qualcomm#2Additional information and safe harbor ADDITIONAL INFORMATION Qualcomm has filed a definitive proxy statement and WHITE proxy card with the U.S. Securities and Exchange Commission (the "SEC") in connection with its solicitation of proxies for its 2018 Annual Meeting of Stockholders (the "2018 Annual Meeting"). QUALCOMM STOCKHOLDERS ARE STRONGLY ENCOURAGED TO READ THE DEFINITIVE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD AS THEY CONTAIN IMPORTANT INFORMATION. Stockholders may obtain the proxy statement, any amendments or supplements to the proxy statement and other documents as and when filed by Qualcomm with the SEC without charge from the SEC's website at www.sec.gov. CERTAIN INFORMATION REGARDING PARTICIPANTS Qualcomm, its directors and certain of its executive officers may be deemed to be participants in connection with the solicitation of proxies from Qualcomm's stockholders in connection with the matters to be considered at the 2018 Annual Meeting. Information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, is set forth in the proxy statement and other materials to be filed with the SEC. These documents can be obtained free of charge from the sources indicated above. NON-GAAP FINANCIAL MEASURES This presentation includes "non-GAAP financial measures" as that term is defined in Regulation G. Further discussion regarding our use of non-GAAP financial measures, as well as the most directly comparable GAAP financial measures and information reconciling these non-GAAP financial measures to our financial results prepared in accordance with GAAP, are included at the end of this presentation. CORPORATE STRUCTURE / PRODUCT ATTRIBUTIONS We refer to "Qualcomm" for ease of reference. However, in connection with our October 2012 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. Accordingly, any Qualcomm products referenced herein are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm Snapdragon processors and MSM chipsets are products of Qualcomm Technologies, Inc. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Any statements contained in this presentation that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Additionally, statements regarding operating results for future years, growth in operating results and the factors contributing to future operating results; the resolution of licensing disputes and the impact and timing thereof; expected market, industry, geographic and organic growth and trends; future serviceable addressable market size and growth; anticipated contributions from and growth in new opportunities; benefits from planned cost reductions; technology and product leadership and trends; Qualcomm's positioning to benefit from any of the above; potential benefits and upside to Qualcomm's stockholders related to any of the above; and the regulatory process and regulatory uncertainty are forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should," "will" and similar expressions are intended to identify such forward-looking statements. These statements are based on Qualcomm's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological, strategic and/or regulatory factors, and other factors affecting the operations of Qualcomm. More detailed information about these factors may be found in Qualcomm's filings with the SEC, including those discussed in Qualcomm's most recent Annual Report on Form 10-K and in any subsequent periodic reports on Form 10-Q and Form 8-K, each of which is on file with the SEC and available at the SEC's website at www.sec.gov. SEC filings for Qualcomm are also available in the Investor Relations section of Qualcomm's website at www.qualcomm.com. Qualcomm is not obligated to update these forward-looking statements to reflect events or circumstances after the date of this presentation. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.#3Innovation Leadership SOC Low Power Processing Connectivity Audio/Codec MODEM Gigabit LTE modem RFFE eSE * eSE-Embedded Secure Element Qualcomm drives stockholder value through technology and semiconductor leadership Camera O GPS 3G 4G 5G 3G/4G/5G Standards leadership Global deployment at scale Robust technology and IP creation Qualcomm QCT product innovation QTL IP leadership Early investment in R&D Enabled Ecosystem SAMSUNG Google htc NOKIA verizon UBER ml vivo oppo facebook. SONY Jio Microsoft HUAWEI Qualcomm is uniquely positioned to lead the emerging 5G world of intelligent, hyper-connected devices 中国电信 CHINA TELECOM 中国移动 China Mobile ERICSSON 3#4Qualcomm Overview Fiscal 2017 Key Metrics 1% 4 QTL-Licensing $6.4B (3) Revenues QCT-Semiconductors $16.5B Revenues 300+ Global 3G/4G licensees (1) (2) (3) (4) See footnotes at the end of the presentation. 804M MSM™ chip shipments Qualcomm: leading the way to 5G and a new era of intelligent, connected devices $23.2B Non-GAAP(1) revenues $6.8B Non-GAAP operating cash flow $4.28 Non-GAAP diluted earnings per share (EPS) (2,4) 4#5Qualcomm committed to deliver compelling value High confidence in $6.75 - $7.50 of FY19 Non-GAAP(¹) EPS (²) Long-term growth catalysts Highly attractive target long-term financial profile Organic growth driven by strength in Android, China, RFFE, Compute, loT and Auto $1B new cost reductions in addition to the $500M of NXP cost synergies Non-GAAP EPS $1.50/share accretion from NXP or substantial share repurchase Licensing resolution 5G leadership (12 - 24 months ahead of our merchant competitors) Expansion into $150B SAM Long-term annual revenue growth of 6 - 8% Non-GAAP earnings per share growth 2x of revenue growth Non-GAAP operating margins of 40% (1) (2) See footnotes at the end of the presentation. Note: SAM (Serviceable Addressable Market) excludes QTL; combination of third party and internal estimates. Significant near- and long-term value creation for Qualcomm stockholders 5#6High confidence in $6.75 - $7.50 Non-GAAP (¹) FY19 EPS(²) Non-GAAP EPS, Before Impact of Licensing Resolutions Licensing Resolutions (3) Non-GAAP EPS (1) (2) (3) See footnotes at the end of the presentation. $5.25 $1.50 - $2.25 =$6.75 - $7.50 Includes $1B cost reduction program Includes accretion from NXP or share repurchase Excludes royalty revenues and certain product revenues from Apple and other licensee in dispute Clear path to substantial Non-GAAP EPS growth 6#7Successfully executing strategy to address $150B SAM First 5G modem and data call Shipping Datacenter 10nm product Key Milestones Core Mobile $23B 2015 ● Leading in Android and China OEMs Core Mobile $32B 2020 ● ● ● RF360 joint venture completes portfolio Tier 1 design wins 5G next inflection RFFE $20B ● Source: Combination of third party and internal estimates. Note: SAM: Serviceable Addressable Market; SAM excludes QTL. 2015 SAM excludes adjacent opportunities outside of Core Mobile. ● FY17 $3B Revenues >25% YoY Revenue growth $3B+ FY17 Auto backlog Compute/MSFT alliance NXP expected to close 2018 Adjacent Opportunities $77B ● Datacenter $19B $43B loT & Security $11B Networking $7B Mobile compute $16B Automotive -$150B 2020 2020 SAM 6x larger, double the growth of core mobile compared to 2015 7#8Growing and diversifying Qualcomm's product revenues 79% YoY average EBT growth last 6 quarters through FY17 52% YoY earnings growth in FY17 QCT China New opportunities $6B product revenues, 25% growth YoY in FY17 2x our Apple product revenues today Expected to contribute $7B - $8B in revenues by FY19 RFFE, loT and Security, Automotive, Networking, Compute Accelerating and diversifying organic growth 8