Qualcomm's earnings call reflected strong financial performance and strategic advancements, particularly in automotive and IoT sectors, despite facing uncertainties in the global trade environment and challenges in licensing revenue growth.

Company Guidance

In the Qualcomm Second Quarter Fiscal 2025 Earnings Conference Call, the company reported non-GAAP revenues of $10.8 billion and non-GAAP earnings per share of $2.85, surpassing the midpoint of their guidance. The chipset business achieved revenues of $9.5 billion, with significant growth in Automotive and IoT, which saw year-over-year increases of 59% and 27%, respectively. Licensing business revenues were $1.3 billion. Qualcomm aims to grow its non-handset revenues to $22 billion by fiscal 2029 and highlighted the potential of generative AI models in expanding their market capabilities. The company announced its X85 5G platform, supporting ultrafast peak download speeds of up to 12.5 Gbps and anticipated to ship in the second half of the year. Additionally, Qualcomm aims to achieve $4 billion in PC revenues and $2 billion in XR revenues by fiscal 2029, with a strong focus on automotive growth, targeting $8 billion by the same fiscal year. For the upcoming quarter, Qualcomm forecasts revenues between $9.9 billion and $10.7 billion, with a targeted non-GAAP EPS of $2.60 to $2.80. The company plans to return 100% of fiscal 2025 free cash flow to stockholders, underlining its confidence in cash flow generation and long-term financial strategies.

Strong Revenue and EPS Growth

Qualcomm reported non-GAAP revenues of $10.8 billion and non-GAAP EPS of $2.85, both exceeding guidance midpoint. This marks 17% revenue growth and 21% EPS growth year-over-year.

Automotive and IoT Revenue Surge

Automotive revenues increased by 59% and IoT revenues grew by 27% year-over-year, driven by demand for connectivity, processing, and AI technologies.

Expansion in Mobile AI

Qualcomm announced the X85 5G platform, an advanced AI-powered modem system. This platform will exclusively ship in Android devices, marking significant traction in the mobile AI space.

Significant Automotive Design Wins

Qualcomm secured 30 new automotive design wins, including five ADAS programs, indicating strong market penetration and future growth potential.

Increased Capital Return to Shareholders

Qualcomm increased its capital return target to 100% of free cash flow in fiscal 2025, reflecting confidence in its financial targets and strong cash flow generation.

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Qualcomm (QCOM) Earnings, Revenues Date & History

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QCOM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 30, 2025	2025 (Q3)	2.71 / -	2.33	―	―	―
Apr 30, 2025	2025 (Q2)	2.82 / 2.85	2.44	16.80% (+0.41)
Feb 05, 2025	2025 (Q1)	2.96 / 3.41	2.75	24.00% (+0.66)
Nov 06, 2024	2024 (Q4)	2.56 / 2.69	2.02	33.17% (+0.67)
Jul 31, 2024	2024 (Q3)	2.25 / 2.33	1.87	24.60% (+0.46)
May 01, 2024	2024 (Q2)	2.33 / 2.44	2.15	13.49% (+0.29)
Jan 31, 2024	2024 (Q1)	2.37 / 2.75	2.37	16.03% (+0.38)
Nov 01, 2023	2023 (Q4)	1.91 / 2.02	3.13	-35.46% (-1.11)
Aug 02, 2023	2023 (Q3)	1.81 / 1.87	2.96	-36.82% (-1.09)
May 03, 2023	2023 (Q2)	2.15 / 2.15	3.21	-33.02% (-1.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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QCOM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 30, 2025	$148.46	$135.21	-8.92%
Feb 05, 2025	$174.92	$168.41	-3.72%
Nov 06, 2024	$171.17	$171.09	-0.05%
Jul 31, 2024	$164.33	$178.12	+8.39%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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