Qualcomm’s handset revenues reached $6.96 billion in the latest quarter, up 14% year-over-year. The company expects $27.8 billion in fiscal 2025 from Snapdragon-powered premium Android smartphones, contributing 63% of total revenues, despite challenges like U.S.-China trade tensions and in-house chip development by major manufacturers like Apple and Samsung.

To compete in the smartphone market, Qualcomm focuses on premium Snapdragon chips, launching the Snapdragon 8 Gen 5 with advanced features for flagship devices. The global 5G chipset market is projected to hit $126.4 billion by 2030, indicating growth potential for Qualcomm. Competition comes from Apple and Broadcom, with recent chip launches enhancing their positions in the market.

Qualcomm’s stock performance shows a 11.1% gain over the past year, with forward earnings trading at 14.26. Earnings estimates for 2025 have increased to $12.15, and for 2026 to $12.60. Qualcomm stock currently holds a Zacks Rank #3 (Hold). The company’s focus on premium handset chips and innovation drives revenue growth and market leadership.

Read more at Nasdaq: QCOM Rides on Strength in Premium Handset Market: Will it Sustain?