Qualcomm CEO Cristiano Amon delivered a keynote speech at Computex in Taipei, Taiwan. The company reported fiscal fourth-quarter results that beat analyst estimates. Earnings per share were $3.00, higher than the expected $2.88, and revenue was $11.27 billion, beating the expected $10.79 billion.

Revenue rose 10% from a year earlier to $11.27 billion, but the company recorded a net loss of $3.12 billion due to an income tax expense. For the fiscal first quarter, Qualcomm expects revenue of $11.8 billion to $12.6 billion, exceeding analyst estimates.

Qualcomm is a dominant provider of mobile phone chips, but expects to lose Apple as a customer. The company is diversifying by making chips for devices like Windows PCs and VR headsets. Qualcomm announced new AI accelerator chips to compete with Nvidia and AMD in the AI processor market.

Qualcomm shares are up 17% for the year. Revenue in Qualcomm’s handsets business rose 14% to $6.96 billion, while automotive unit sales increased 17% to $1.05 billion. The IoT division had $1.81 billion in sales, up 7% from a year earlier.

Qualcomm’s licensing business saw revenue slide 7% to $1.41 billion. The company is making efforts to prepare for the next phase of AI data center growth with the release of new AI accelerator chips.

Read more at CNBC: Qualcomm (QCOM) Q4 2025 earnings report