From Nasdaq: 2025-02-10 09:08:00

Qualcomm Incorporated (QCOM) reported strong first-quarter fiscal 2025 results, beating Zacks Consensus Estimate on adjusted earnings and revenues. Automotive revenues surged by 61% to a record high of $961 million, while handset revenues jumped by 13% to an all-time high of $7.57 billion. QCOM is focusing on AI chips to diversify its revenue stream and extend its AI footprint. The stock has a VGM Score of A and a Zacks Rank #2 (Buy). Earnings estimates for fiscal 2025 have moved up 1.3% to $11.36, and for fiscal 2026 have jumped 2.4% to $12.61. With solid fundamentals and bullish sentiments, Qualcomm appears to be a solid investment proposition with a positive investor perception.

On the other hand, Qualcomm shares have gained 9.7% over the past year, lagging behind industry growth. QCOM is expanding its AI capabilities into laptops and desktops with the launch of the Snapdragon X chip for mid-range AI desktops and laptops. The Snapdragon X chip, based on a 4-nanometer process, offers 45 TOPS for AI workloads and is set to power affordable AI-first PCs. Qualcomm Snapdragon mobile platforms enable immersive experiences, brilliant camera capabilities, and superior connectivity.

Given Qualcomm’s strong earnings surprise history, favorable Zacks Rank, and improving estimate revisions, the stock appears poised for further price appreciation. Investors may profit from betting on this high-flying stock now. With a trailing four-quarter average earnings surprise of 7.8%, Qualcomm is well-positioned for future growth. The company’s emphasis on quality, operational execution, and continuous portfolio enhancements are driving more value for customers, making it an attractive investment option.



Read more at Nasdaq: Should QCOM Stock Be in Your Portfolio Post Solid Q1 Earnings?