Strong Revenue and Earnings
Qualcomm delivered revenues of $10.4 billion and non-GAAP earnings per share of $2.77, near the high end of their guidance range.
Automotive and IoT Growth
Automotive and IoT revenues increased by 21% and 24% year-over-year, respectively, showcasing strong execution in growth and diversification strategies.
Expansion and Strategic Agreements
Notable expansions include the extension of the Xiaomi collaboration and strategic moves into the data center space with the acquisition of Alphawave IP Group.
Data Center and AI Initiatives
Qualcomm is building NPU-based AI inference accelerator cards and custom SoCs and has signed an MOU with HUMAIN to develop AI data centers in Saudi Arabia.
QCT and Automotive Revenue
QCT delivered revenues of $9 billion with year-over-year growth of 11%, and automotive revenues reached $984 million, a 21% increase year-over-year.
Commitment to Shareholder Returns
Qualcomm returned $3.8 billion to stockholders, including $2.8 billion in stock repurchases and $967 million in dividends.