Who Prioritizes Innovation? R&D Spending Compared for QUALCOMM Incorporated and Splunk Inc.

Innovation in Focus: A Comparative Analysis of R&D Spending

In the ever-evolving tech landscape, innovation is the lifeblood of success. Over the past decade, QUALCOMM Incorporated and Splunk Inc. have demonstrated distinct approaches to research and development (R&D) investments. From 2014 to 2024, QUALCOMM consistently allocated a significant portion of its resources to R&D, with expenditures peaking at nearly 9 billion USD in 2024. This represents a robust 62% increase from 2014, underscoring QUALCOMM's commitment to maintaining its competitive edge in the semiconductor industry.

Conversely, Splunk Inc., a leader in data analytics, has shown a more modest yet steady increase in R&D spending. Starting at approximately 76 million USD in 2014, Splunk's investment grew to nearly 1 billion USD by 2023, marking an impressive 1,200% surge. This growth highlights Splunk's strategic focus on innovation to enhance its software offerings and expand its market presence.