QUALCOMM Incorporated Earnings Recaps
Qualcomm shares surged 19.7% after earnings, as the company delivered non-GAAP EPS at the high end of guidance and highlighted accelerating momentum in automotive, AI, and edge device markets. Record automotive revenues and the rollout of next-gen Snapdragon platforms underscored the potential for ongoing diversification and share gains.
Key takeaways
- Fiscal Q2 revenues reached $10.6 billion, with non-GAAP EPS of $2.65 at the upper end of guidance.
- QCT segment posted $9.1 billion in revenue, while the licensing business contributed $1.4 billion.
- Automotive revenues exceeded a $5 billion annual run rate for the first time; management expects to exit the year at a rate above $6 billion.
- New Snapdragon X2 platforms for PCs and ongoing progress in AI, IoT, and industrial applications were highlighted as drivers of future growth opportunities.
- Initial custom silicon shipments for a leading hyperscaler are set for the December quarter, positioning Qualcomm for expansion in the data center and custom AI markets.
QUALCOMM reported record revenues of $12.3 billion and non-GAAP EPS of $3.50 for Q1 FY2026, bolstered by strong performance in flagship handsets and growth in automotive and IoT segments.
Key takeaways
- QCT revenues reached a record $10.6 billion, driven by strong demand for premium smartphones.
- The company faces a memory shortage impacting the handset industry, with OEMs adopting cautious inventory strategies.
- Qualcomm is well-positioned in the AI and IoT landscapes, collaborating with leading cloud companies and introducing innovative Snapdragon platforms.
- Significant agreements with Volkswagen Group and other automakers highlight Qualcomm's expanding role in automotive technology.
- The launch of AI-enhanced devices and advanced robotics solutions marks Qualcomm's commitment to next-generation computing and connectivity.
Qualcomm delivered a robust Q4 with revenues reaching $11.3 billion and non-GAAP EPS of $3, both surpassing guidance, driven by strong demand in key sectors including automotive and IoT.
Key takeaways
- QCT revenues increased 9% sequentially to $9.8 billion, with record automotive quarterly revenues exceeding $1 billion.
- Fiscal 2025 non-GAAP revenues totaled $44 billion, marking a 13% year-over-year increase, while record QCT annual revenues grew 16% to $38.4 billion.
- Snapdragon's latest mobile platform and laptop processors set new benchmarks in AI performance, with significant advancements showcased at the Snapdragon Summit.
- Successful further integration of automated driving technology with Snapdragon Ride Pilot, indicating strong OEM interest and expansion into 100 countries by 2026.
- Acquisition of Arduino enhances Qualcomm's IoT portfolio, expanding its edge AI development capabilities across various industries.
Qualcomm's fiscal Q3 2025 results demonstrated strong performance with $10.4 billion in revenue and non-GAAP EPS of $2.77, fueled by robust growth in automotive, IoT, and handsets.
Key takeaways
- Total chipset revenues reached $9 billion, driven by 21% and 24% year-over-year growth in automotive and IoT segments, respectively.
- Qualcomm extended its partnership with Xiaomi for multiple generations of Snapdragon-powered flagship devices, targeting increased market penetration.
- The company's AI portfolio continues to gain traction, with the Snapdragon 8 Elite leading industry innovation and 124 designs announced for AI smartphones.
- In PCs, Qualcomm anticipates over 100 designs for Snapdragon X Series platforms by 2026, aiming for $4 billion in revenue by fiscal '29.
- Qualcomm's automotive solutions are gaining momentum, with 50 vehicle launches planned this fiscal year, including collaborations with 20 OEMs for advanced driving technologies.