Financial Data and Key Metrics Changes - In fiscal Q3, the company reported revenues of $10.4 billion and non-GAAP earnings per share of $2.77, which was near the high end of the guidance range [5][21] - The licensing business generated revenues of $1.3 billion, while the chipset business delivered revenues of $9 billion, reflecting a year-over-year growth of 11-22% respectively [6][22] - The company returned $3.8 billion to shareholders, including $2.8 billion in stock repurchases and $967 million in dividends [23] Business Line Data and Key Metrics Changes - Handset revenues increased by 7% year-over-year to $6.3 billion, driven by strong demand for premium tier handsets enabled by the Snapdragon 8 Elite platform [22] - IoT revenues grew by 24% year-over-year to $1.7 billion, attributed to increased demand for the Snapdragon AR1 chipset [22] - Automotive revenues reached $984 million, marking a 21% year-over-year increase, driven by content growth in new vehicle launches [22] Market Data and Key Metrics Changes - The company is on track to meet its fiscal 2029 target for combined automotive and IoT revenues of $22 billion, with forecasts indicating a second consecutive year of over 15% year-over-year growth in total QCT non-Apple revenues [6][25] - Snapdragon-based PCs accounted for approximately 9% of Windows laptops sold above the $600 price tier in retail U.S. [8] Company Strategy and Development Direction - The company is focused on expanding its presence in AI, automotive, and IoT markets, with a strong emphasis on diversification and growth strategies [6][26] - The acquisition of AlphaWave IP Group is expected to enhance the company's capabilities in data centers and AI, with revenues anticipated to begin in fiscal 2028 [14][15] - The company aims to leverage its technology leadership in mobile, XR, and wearables to become the preferred solution provider in the emerging personal AI devices market [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the Android ecosystem's leadership in AI and the ongoing demand for Snapdragon platforms across various sectors [7][17] - The company remains focused on maximizing shareholder returns while navigating global trade volatility and strengthening customer relationships [26] - Management highlighted the potential for significant growth in the robotics and autonomous sectors, estimating a total addressable market of $1 trillion over the next decade [19][20] Other Important Information - The company is engaged in advanced discussions with a leading hyperscaler regarding its data center strategy, with a focus on ARM-compatible CPUs and AI inference solutions [31][40] - The Snapdragon digital chassis solutions are gaining traction across the automotive ecosystem, with 12 new designs launched during the quarter [10] Q&A Session Summary Question: Can you speak to the drivers of handset market growth despite lower Apple share? - Management indicated that the growth is driven by new product launches and strong demand for upcoming devices, with no evidence of pull-ins [30] Question: What details can you provide on the data center engagement? - Management stated they are in advanced discussions but could not disclose specifics, emphasizing the relevance of their IP for the data center market [32][33] Question: How do you envision AlphaWave integrating into your portfolio? - Management highlighted the importance of AlphaWave's IP for building custom SoC products and enhancing connectivity capabilities [36][39] Question: What are the implications of the decline in Apple on margins? - Management expressed confidence in maintaining a healthy margin profile, with growth opportunities in automotive and IoT expected to offset any decline from Apple [76]

Core Insights - Qualcomm reported adjusted revenue of $10.37 billion for Q3, a year-over-year increase of 10%, while analysts had expected $10.616 billion [1] - The adjusted net income for Q3 was $2.67 billion, reflecting a 25% year-over-year growth [1] - Adjusted earnings per share (EPS) for Q3 were $2.77, surpassing the forecast of $2.72 [1] Financial Projections - For Q4, Qualcomm expects revenue to be between $10.3 billion and $11.1 billion, compared to the analyst estimate of $10.61 billion [1] - The company anticipates adjusted EPS for Q4 to range from $2.75 to $2.95, with a consensus estimate of $2.84 [1]

Financial Performance - Revenues increased by 10% year-over-year to $10.4 billion[10] - Non-GAAP EPS increased by 19% year-over-year to $2.77[10] - QCT revenues increased by 11% year-over-year to $9.0 billion[10] - QCT EBT increased by 22% year-over-year to $2.7 billion[10] - Combined QCT Automotive and IoT revenues increased by 23% year-over-year to $2.7 billion[10] - QTL revenues increased by 4% year-over-year to $1.318 billion[14] with an EBT margin of 71%[13] Business Highlights - QCT Non-Apple YTD revenues increased by more than 15% year-over-year[10] - The company returned $3.8 billion to stockholders, including $2.8 billion in share repurchases and $1.0 billion in dividends[13] - Multiple new PC devices using Snapdragon® X Series platforms launched, with >100 designs expected to be commercialized through 2026[10] - An agreement was reached to acquire Alphawave at an implied enterprise value of ~$2.4 billion[10, 33]

Financial Performance - Qualcomm reported fiscal third-quarter earnings that exceeded Wall Street expectations, with net income of $2.66 billion or $2.43 per share, compared to $2.13 billion or $1.88 per share a year ago [2] - The company achieved adjusted earnings per share of $2.77, surpassing the expected $2.71, and revenue of $10.37 billion, slightly above the anticipated $10.35 billion [4] Business Segments - The primary revenue driver for Qualcomm is its smartphone chip business, which generated $6.33 billion in revenue during the quarter, falling short of Wall Street's expectation of $6.44 billion [2] - Qualcomm is facing the potential loss of Apple as a customer for its modem business in the coming years, prompting efforts to diversify its product offerings to include chips for Windows PCs and virtual-reality devices [3] Future Guidance - For the current quarter, Qualcomm expects adjusted earnings of $2.85 per share on revenue of $10.7 billion, which is above analyst expectations of $2.83 per share and $10.35 billion in revenue [1]

Qualcomm gave a strong revenue forecast for the current period, helping allay concern that tariffs will hurt consumer demand for the devices https://t.co/pdwZCS4gw2 ...

Financial Performance - Revenues for Q3 fiscal 2025 were $10.4 billion, a 10% increase year-over-year, with net income of $2.7 billion, up 25% from the previous year[71]. - Total revenues for the first nine months of fiscal 2025 reached $33.0 billion, an increase of $4.3 billion compared to the same period last year[76]. - For the third quarter of fiscal 2025, total revenues reached $8.993 billion, a 11.5% increase from $8.069 billion in the same period last year[94]. - QCT segment revenues increased by 11% to $8.9 billion, driven by higher handsets, IoT, and automotive revenues[74]. - QTL segment revenues rose by 4% to $1.5 billion, primarily due to increased sales of 3G/4G/5G multimode products[74]. Segment Performance - Handset revenues were $6.328 billion, up from $5.899 billion, reflecting a $429 million increase[94]. - Automotive segment revenues increased to $984 million from $811 million, a growth of $173 million[94]. - IoT revenues rose to $1.681 billion, compared to $1.359 billion, marking a $322 million increase[94]. - QCT revenues for the third quarter were $8.8 billion, up from $7.9 billion, driven by higher average selling prices and increased shipments[97]. - QTL licensing revenues increased to $1.318 billion from $1.273 billion, a rise of $45 million[102]. Expenses and Margins - Gross margin percentage remained flat at 56% for Q3 fiscal 2025[79]. - Research and development expenses for Q3 fiscal 2025 were $2.2 billion, a decrease of $33 million compared to the previous year[82]. - Selling, general and administrative expenses increased by $107 million to $771 million in Q3 fiscal 2025, primarily due to higher sales and marketing expenses[85]. - Interest expense remained unchanged at $168 million for Q3 fiscal 2025[87]. Cash Flow and Capital Management - Net cash provided by operating activities for the first nine months of fiscal 2025 was $10.016 billion, an increase of $461 million compared to $9.555 billion in the same period of fiscal 2024[114]. - The company repurchased 41 million shares of common stock, resulting in $6.3 billion in payments during the first nine months of fiscal 2025[114]. - The company paid $2.8 billion in cash dividends during the first nine months of fiscal 2025[114]. - The company anticipates that its cash, cash equivalents, and marketable securities will satisfy working and other capital requirements for at least the next 12 months[120]. - The company plans to continue stock repurchases at an increased level compared to the prior year through the remainder of fiscal 2025[118]. Tax and Regulatory Considerations - The effective tax rate for fiscal 2025 is estimated at 11%, lower than the U.S. federal statutory rate of 21%[90]. - The company expects a potential adverse impact on total provision for income taxes due to changes in tax legislation, including a corporate alternative minimum tax of 15% starting in fiscal 2026[92]. - Regulatory investigations and potential litigation could adversely affect the company's business and financial condition[119]. Future Outlook - The company anticipates continued growth driven by advancements in technology and market expansion strategies[69]. - The company anticipates continued growth in 5G technology adoption across various industries, including automotive and IoT, as a key driver for future business[107]. - The company expects a favorable effect on cash flows from operations due to the reinstatement of deducting domestic research and development expenditures as incurred starting in fiscal 2026[115]. Marketable Securities - Net gains on marketable securities in Q3 fiscal 2025 were primarily driven by initial public offerings of certain QSI equity investments[89]. - QSI segment EBT increased significantly due to higher net gains on marketable securities from IPOs of equity investments[105]. Debt Management - The company repaid $1.4 billion of unsecured fixed-rate notes that matured in May 2025 and issued $1.5 billion of new unsecured fixed-rate notes[117]. - Interest rate swaps with an aggregate notional amount of $1.5 billion were entered into to convert fixed-rate payments into floating-rate payments, mitigating interest rate risk[122].

智通财经7月31日电，高通第三季度调整后每股收益2.77美元，预估2.72美元。 ...

Core Viewpoint - Qualcomm reported adjusted revenue of $10.37 billion for the third fiscal quarter, which fell short of analysts' expectations of $10.616 billion. The company anticipates fourth fiscal quarter revenue to be between $10.3 billion and $11.1 billion, while analysts expect $10.61 billion [1] Financial Performance - Adjusted revenue for the third fiscal quarter was $10.37 billion [1] - Analysts had projected revenue of $10.616 billion for the same period [1] - For the fourth fiscal quarter, Qualcomm expects revenue between $10.3 billion and $11.1 billion [1] - Analysts' expectation for the fourth quarter is $10.61 billion [1]

FOR IMMEDIATE RELEASE Exhibit 99.1 Qualcomm Contact: Mauricio Lopez-Hodoyan Vice President, Investor Relations Phone: 1-858-658-4813 | e-mail: ir@qualcomm.com Qualcomm Announces Third Quarter Fiscal 2025 Results Revenues: $10.4 billion GAAP EPS: $2.43, Non-GAAP EPS: $2.77 —QCT Diversification: Combined Automotive and IoT Revenues Grew 23% Year-Over-Year— —QCT Automotive: Record Quarterly Revenues— —On track to meet our accelerated buyback commitment in FY25— SAN DIEGO - July 30, 2025 - Qualcomm Incorporated ...

Economic Indicators - Pre-market futures show slight increases with Dow up +20 points, S&P 500 up +8 points, and Nasdaq up +50 points, following economic news [1] - ADP reported +104K new private-sector jobs in July, a significant rebound from the revised -23K in June and exceeding the consensus estimate of +64K [3][6] - Q2 GDP growth was reported at +3.0%, surpassing the expected +2.3% and marking a recovery from the -0.5% in Q1 [7][8] Company Earnings - Kraft Heinz (KHC) exceeded bottom-line earnings estimates by +7.8%, reporting 69 cents per share [2] - V.F. Corp. (VFC) reported a smaller-than-expected loss, improving by +31.5% [2] - Etsy (ETSY) missed Zacks consensus estimates by -53.7% [2] Sector Performance - The job growth breakdown shows Goods-producing jobs at +30% and Services at +70%, with Leisure & Hospitality leading at +46K new jobs [4] - Small companies added +12K jobs, while medium and large businesses contributed +46K jobs [5] - The Core PCE Price Index rose to +2.5%, indicating stronger-than-expected economic growth without runaway inflation [8][9] Market Expectations - The Federal Open Market Committee (FOMC) is expected to maintain interest rates at +4.25-4.50% during the upcoming meeting [9] - Anticipation surrounds whether voting members will support or oppose Fed Chair Jerome Powell's stance on interest rates [10] - Major companies like Microsoft (MSFT) and Meta Platforms (META) are set to report earnings after the market closes [11]