Qualcomm Stockholders Back Board, Equity Plan; CEO Amon Highlights AI, Robotics and Data Center Push

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Sat, March 21, 2026 astatine 6:03 PM CDT 8 min read

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Stockholders approved each board-recommended items including the predetermination of 11 directors, ratification of PwC arsenic auditor, support of the amended 2023 semipermanent inducement program with a 24 cardinal share summation successful reserves, portion some stockholder proposals (special meetings and China reporting) were not approved.
CEO Cristiano Amon said Qualcomm is diversifying beyond handsets into idiosyncratic AI, wearables, PCs, automotive, borderline networking and concern IoT, and has formally entered advanced robotics with Dragonwing IQ 10 bid enactment for AMRs and humanoids.
Qualcomm is accelerating a propulsion into the data center with NPU-based AI inference accelerators and customized SoCs (after completing the Alphawave Semi acquisition), expects information halfway gross to go financially worldly successful fiscal 2027, and reiterated beardown superior returns including returning ~100% of escaped currency travel and a $0.03 dividend increase.
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Qualcomm (NASDAQ:QCOM) held its 2026 yearly gathering of stockholders connected Thursday, with Chair Mark McLaughlin opening the league by introducing committee nominees and members of the enforcement team, including President and CEO Cristiano Amon and CFO/COO Akash Palkhiwala. McLaughlin besides recognized 2 departing directors: Neil Smit, who is retiring aft astir 8 years connected the board, and Chris Young, who is leaving to absorption connected his relation arsenic CEO of Vertex Incorporated.

General Counsel and Corporate Secretary Ann Chaplin reviewed procedural matters, including confirmation that a quorum was contiguous and that Peter Descovich had been appointed inspector of election. Stockholders considered 7 proposals, and absorption reported preliminary results showing each board-recommended items were approved portion the 2 stockholder proposals were not.

Director elections: Stockholders elected each 11 manager nominees: Sylvia Acevedo, Cristiano Amon, Mark Fields, Jeff Henderson, Zico Kolter, Ann Livermore, Mark McLaughlin, Jamie Miller, Marie Myers, Irene Rosenfeld, and Jean-Pascal Tricoire.
Auditor ratification: Stockholders ratified PricewaterhouseCoopers LLP arsenic autarkic nationalist accountants for the fiscal twelvemonth ending September 27, 2026.
Executive compensation: Stockholders approved the non-binding advisory “say-on-pay” proposal.
Say-on-pay frequency: Stockholders supported holding aboriginal say-on-pay votes connected an yearly basis.
Equity plan: Stockholders approved the amended and restated 2023 semipermanent inducement plan, including an summation successful stock reserves by 24 cardinal shares.
Stockholder proposals: Both stockholder proposals were not approved.