Qualcomm Names Patricia Grech as New Chief Accounting Officer

Qualcomm has appointed Patricia Grech as Chief Accounting Officer. Qualcomm specializes in designing, developing, and marketing CDMA systems and software. Net sales break down into communication systems (84.2%) and license sales (15.8%), with geographical distribution in the US (24.9%), China and Hong Kong (45.7%), South Korea (20.5%), and other regions (8.9%).

Qualcomm Incorporated (NASDAQ: QCOM), a leading semiconductor company, has appointed Patricia Grech as Senior Vice President and Chief Accounting Officer, effective immediately. This move follows Neil Martin’s transition from his role as Senior Vice President, Finance and Chief Accounting Officer to Senior Vice President, Corporate Development, where he will oversee mergers and acquisitions and strategic initiatives [1].

Patricia Grech, 53, brings extensive experience in finance and accounting, having held various positions at Qualcomm since 2006. She most recently served as Vice President, Finance and Controller, and previously as Vice President, Finance from 2017 to 2022. Grech holds a Bachelor of Science in Accountancy and Finance from Miami University of Ohio and an MBA from The Ohio State University. Her appointment is part of Qualcomm’s ongoing effort to strengthen its financial leadership and ensure compliance with regulatory standards [1].

In her new role, Grech will receive a base salary of $380,546 per year, with a target bonus of 35% of her base salary beginning in fiscal year 2026. She will also receive a promotion grant of restricted stock units with a grant date fair value of $85,000, and will be eligible for standard company benefit programs [1].

Neil Martin’s new role as Senior Vice President, Corporate Development is effective immediately. He will focus on strategic initiatives, mergers, and acquisitions, stepping down from his position as Chief Accounting Officer as part of this transition [1].

Qualcomm's latest financial performance continues to demonstrate strong growth. The company reported its fiscal third-quarter 2025 earnings, surpassing analyst expectations with an EPS of $2.77, compared to the forecast of $2.71. Revenues reached $10.37 billion, slightly above the anticipated $10.33 billion. Management has provided guidance for the September quarter, predicting $10.7 billion in revenue and an EPS of $2.85, which exceeds analyst expectations [1].

Analysts have responded positively to Qualcomm’s recent earnings report. Benchmark maintained its Buy rating, highlighting growth across all major business categories, including a 21% increase in automotive revenue and a 24% rise in the Internet of Things (IoT) segment. Cantor Fitzgerald reiterated a Neutral rating with a $150 price target, while Mizuho lowered its price target to $185 from $190, citing concerns about Qualcomm CDMA Technologies (QCT) margins, although it maintained an Outperform rating [1].

Institutional investors have also shown interest in Qualcomm. Comerica Bank increased its stake in QUALCOMM by acquiring 5,023 shares, raising its total holdings to 278,337 shares, valued at approximately $42.76 million. This increase reflects a 1.8% boost in Comerica Bank’s position during the first quarter [2].

Qualcomm continues to lead in the wireless technology industry, specializing in designing, developing, and marketing CDMA systems and software. Net sales break down into communication systems (84.2%) and license sales (15.8%), with geographical distribution in the US (24.9%), China and Hong Kong (45.7%), South Korea (20.5%), and other regions (8.9%) [1].

References:
[1] https://www.investing.com/news/sec-filings/qualcomm-appoints-patricia-grech-as-chief-accounting-officer-neil-martin-to-lead-corporate-development-93CH-4209790
[2] https://www.marketbeat.com/instant-alerts/filing-comerica-bank-purchases-5023-shares-of-qualcomm-incorporated-qcom-2025-08-24/