From CNBC: 2025-02-05 16:20:04

Qualcomm CEO Cristiano Amon announced strong fiscal first-quarter results and robust guidance for the current period. The chipmaker reported adjusted earnings per share of $3.41, exceeding the $2.96 estimate, with revenue of $11.67 billion compared to the $10.93 billion estimated. Revenue increased by 18% year-over-year to $9.92 billion. Qualcomm expects revenue between $10.2 billion and $11 billion for the March quarter.

Net income for Qualcomm rose by 15% to $3.18 billion, with adjusted earnings excluding certain items. All three major end markets for its chips experienced growth, with Qualcomm’s automotive business surging by 61% to $961 million in sales. The company’s IoT business saw revenue grow by 36% to $1.55 billion, while its licensing division reported $1.54 billion in sales.

Qualcomm’s strong performance was driven by demand for “premium-tier” smartphones in China and its partnership with Samsung for Galaxy devices. The company’s IoT business, which includes chips for industrial use and technology for Meta’s Quest headsets, experienced significant growth. Qualcomm also announced dividend payments of $942 million and $1.8 billion in share repurchases for the quarter.



Read more at CNBC:: Qualcomm (QCOM) Q1 earnings report 2025