Qualcomm CEO pockets 15% pay rise as profits fall 45%

Qualcomm CEO Cristiano Amon saw his pay packet swell to $29.7 million in fiscal 2025, up from $25.91 million the year before, even as Qualcomm's full-year net income fell 45 percent.

According to the chip giant's latest proxy filing [PDF], Amon's compensation for the year comprised a $1.35 million base salary, $24.16 million in stock awards, $3.19 million in non-equity incentives, and just over $1 million in other compensation.

Salary itself was unchanged year-on-year, with the 15 percent uplift driven almost entirely by equity and incentive pay.

The bump came in a year when Qualcomm reported full-year revenue of $44.3 billion, up 14 percent, but net income plunged 45 percent to $5.5 billion after the company booked a hefty non-cash tax charge tied to changes in US tax law. In other words, sales were up, profits went backwards, and executive ...