The earnings call showcased strong financial performance with record revenues and earnings per share. Significant growth was noted in the automotive and IoT sectors, alongside strategic advancements in PC and XR markets. Despite some seasonal declines and unresolved licensing agreements, Qualcomm's positive momentum in key areas and strong partnerships suggest a favorable outlook.

Company Guidance

During the Qualcomm First Quarter Fiscal 2025 Earnings Conference Call, the company reported record revenues of $11.7 billion and non-GAAP earnings per share of $3.41. The chipset business, QCT, achieved record revenues of $10.1 billion, with handset revenues reaching $7.6 billion, showing a 13% year-over-year growth. The automotive segment grew by 61% year-over-year, while IoT revenues increased by 36%. The guidance for the second fiscal quarter projects non-GAAP revenues between $10.2 billion and $11 billion, with non-GAAP EPS forecasted at $2.70 to $2.90. Qualcomm highlighted its strategic partnerships and expanding product portfolio, particularly in AI and Snapdragon platforms, expecting significant contributions from non-handset revenues, targeting $22 billion by 2029. Additionally, the company noted strong design traction in PCs and substantial growth in the premium tier smartphone market.

Record-Breaking Revenue and EPS

Qualcomm delivered record revenues of $11.7 billion and non-GAAP earnings per share of $3.41, both above the high end of guidance.

Chipset Business Achievements

QCT achieved record revenues of $10.1 billion, with record quarterly handset and automotive revenues. Handset revenues grew 13% year-over-year.

Strong Growth in Automotive and IoT

Automotive revenues grew 61% year-over-year, and IoT revenues increased 36% year-over-year.

Expansion in PC Market

Over 80 Snapdragon X series PC designs in production, targeting over 100 designs by 2026, with a 10% share in the US retail market for Windows laptops over $800.

Strategic Partnerships and Ecosystem Expansion

Continued collaborations with Samsung, Google, Microsoft, Lenovo, and Meta, enhancing AI and XR capabilities across devices.

Positive Licensing Developments

Extended key agreements with major OEMs and anticipated new long-term licenses, reaffirming Qualcomm's strong licensing program.

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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
Apr 30, 2025	2025 (Q2)	2.79 / -	2.44	―	―	―
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)
Feb 02, 2023	2023 (Q1)	2.36 / 2.37	3.23	-26.63% (-0.86)

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
Feb 05, 2025	$175.86	$169.32	-3.72%
Nov 06, 2024	$172.09	$172.01	-0.05%
Jul 31, 2024	$165.22	$179.08	+8.39%
May 01, 2024	$161.75	$177.51	+9.74%

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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