The earnings call highlighted strong financial performance, growth in automotive and IoT segments, and strategic expansions into AI and data centers. However, challenges with Apple revenues, mixed handset market dynamics, and competition with Samsung present some concerns.

Company Guidance -

Q4 2025

During the Qualcomm Third Quarter Fiscal 2025 Earnings Conference Call, the company reported revenues of $10.4 billion with a non-GAAP earnings per share of $2.77, aligning with the higher end of their guidance range. The chipset business generated $9 billion, driven by a 21% increase in automotive and 24% growth in IoT revenues, while the licensing segment contributed $1.3 billion. Qualcomm anticipates a greater than 15% year-over-year growth in QCT non-Apple revenues for fiscal 2025 and aims for $22 billion in combined automotive and IoT revenues by fiscal 2029. Future growth is supported by ongoing partnerships, including a multi-year agreement with Xiaomi, and advancements in AI, with Snapdragon-based PCs accounting for approximately 9% of Windows laptops sold above the $600 price tier in key markets. The guidance for the fourth quarter expects revenues between $10.3 billion and $11.1 billion, with QCT revenues forecasted at $9 billion to $9.6 billion, while operating expenses are projected to be around $2.35 billion.

Strong Revenue and Earnings

Qualcomm reported revenues of $10.4 billion and non-GAAP earnings per share of $2.77, which was near the high end of their guidance range.

Growth in Automotive and IoT Segments

Automotive and IoT revenues increased 21% and 24% year-over-year, respectively. Qualcomm remains on track to meet its fiscal '29 target for combined automotive and IoT revenues of $22 billion.

Expansion into AI and Data Centers

Qualcomm is expanding into AI and data centers, with plans to acquire Alphawave IP Group plc. The acquisition is expected to close in the first calendar quarter of 2026. Qualcomm is also in advanced discussions with a leading hyperscaler for their data center solutions.

Strategic Collaborations and Agreements

Extended collaboration with Xiaomi and a multiyear agreement to power multiple generations of Xiaomi's flagship devices. Qualcomm also announced an MOU with HUMAIN to develop AI data centers in Saudi Arabia.

Positive Outlook for Snapdragon Platforms

Qualcomm's Snapdragon platforms continue to gain traction, with multiple new devices launched in collaboration with OEMs such as Acer, Dell, HP, Lenovo, Microsoft, and Samsung.

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
Nov 05, 2025	2025 (Q4)	2.87 / -	2.69	―	―	―
Jul 30, 2025	2025 (Q3)	2.71 / 2.77	2.33	18.88% (+0.44)
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)

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

QCOM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$159.06	$146.76	-7.73%
Apr 30, 2025	$147.57	$134.40	-8.92%
Feb 05, 2025	$173.87	$167.41	-3.72%
Nov 06, 2024	$170.14	$170.07	-0.04%

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.