A Clear Roadmap for Value Creation

Qualcomm 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

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