[tssva]

The article mentions a one time tax charge which resulted in the reduction in profits but doesn't explain the context of the tax charge. Likely because it doesn't fit the narrative the author tried to create. Qualcomm chose to take a one time non-cash tax charge of $5.7 billion to take advantage of changes in the tax code which were part of the Big Beautiful Bill enacted last year. By taxing the charge their effective tax rate and cash tax payments moving forward will be reduced. In other words they traded short term profits for increased long term profits. Meta similarly took a $15.9 billion charge for the same reason. Many other companies have already done the same or are expected to. Especially those which have large R&D investments.