Qualcomm Incorporated (QCOM) reported strong first-quarter fiscal 2025 results, with adjusted earnings and revenues beating the respective Zacks Consensus Estimate, driven by healthy demand trends in Android handsets and automotive businesses. Both metrics improved year over year, led by the strength of the business model, revenue diversification and the ability to respond proactively to the evolving market scenario.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Net IncomeOn a GAAP b ...

KEY TAKEAWAYSQualcomm stock is falling 5% in premarket trading Thursday, a day after the company's lower-than-estimated licensing revenue offset record quarterly sales.The chipmaker reported fiscal 2025 first-quarter revenue and profit above Visible Alpha estimates. However, investors seemed to focus on Qualcomm's licensing revenue, which undershot forecasts. Qualcomm (QCOM) stock is falling 5% in premarket trading Thursday, a day after the company’s lower-than-estimated licensing revenue offset record quar ...

Wednesday, February 5, 2025Market indexes put in a fine showing at the closing bell today, climbing in the final minutes of trading across major indexes and ending the day at or near session highs. The Dow gathered an impressive +317 points today, +0.71%, while the S&P 500 and tech-heavy Nasdaq were up +0.39% and +0.19%, respectively. The small-cap Russell 2000 beat the rest of the field, +1.14% for the trading day.Ultimately, it was a mixed bag of economic data throughout today: ADP (ADP) private-sector pa ...

Operator Ladies and gentlemen, thank you for standing by. Welcome to the Qualcomm First Quarter Fiscal 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we'll conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference is being recorded February 5, 2025. The playback number for today's call is (877) 660-6853. International callers, please dial (201) 612-7415. The playback reservation number is 13750899. I would now like to turn ...

Qualcomm (QCOM) came out with quarterly earnings of $3.41 per share, beating the Zacks Consensus Estimate of $2.93 per share. This compares to earnings of $2.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.38%. A quarter ago, it was expected that this chipmaker would post earnings of $2.56 per share when it actually produced earnings of $2.69, delivering a surprise of 5.08%.Over the last four quarters, the company has su ...

First Quarter Fiscal 2025 Earnings February 5, 2025 Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. References in this presentation to "Qualcomm" may mean Qualcomm Incorporated, Qualcomm Technologies, Inc., and/or other subsidiaries or business units within the Qualcomm corporate structure, as applicable. Note Regarding Forward-Looking Statements In addition to historical information, this document and the conference call that it accompanies cont ...

Qualcomm surpassed expectations in its latest earnings report, achieving record revenue and earnings amid continued diversification in key segments.Wireless technologies specialist Qualcomm (QCOM 1.63%) reported fiscal 2025 first-quarter earnings on Wednesday, Feb. 5, that topped analyst consensus top- and bottom-line estimates. Adjusted EPS soared to $3.41, exceeding the analyst estimate of $2.96. Revenue reached $11.67 billion, topping the predicted $10.91 billion. The quarter highlighted significant grow ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Financial Performance - Revenues for Q1 fiscal 2025 were $11.7 billion, a 17% increase year-over-year, with net income of $3.2 billion, up 15% from the previous year[60] - QCT segment revenues increased by 20% to $10.1 billion, driven by higher revenues from handsets, IoT, and automotive[62] - QTL segment revenues rose by 5% to $1.7 billion, reflecting an increase in licensing revenues[62] - Gross margin decreased to 56% in Q1 fiscal 2025, down from 57% in the prior year, primarily due to a lower proportion of higher-margin QTL licensing revenues[66] - QCT segment's earnings before tax (EBT) increased to $3.2 billion, with EBT as a percentage of revenues rising to 32%[74] - QTL segment's EBT increased to $1.2 billion, with EBT as a percentage of revenues at 75%[77] Expenses - Research and development expenses increased to $2.2 billion, representing 19% of revenues, compared to 21% in the previous year[67] - Selling, general and administrative expenses rose to $723 million, maintaining 6% of revenues[70] - Interest expense decreased to $163 million, while investment and other income increased by $31 million to $243 million[71] - Effective tax rate for Q1 fiscal 2025 was 13%, up from 5% in the previous year, with an estimated annual effective tax rate of 11%[72] Cash Flow and Liquidity - Net cash provided by operating activities for the first three months of fiscal 2025 was $4,587 million, an increase of $1,638 million from $2,949 million in the same period of fiscal 2024[89] - Cash and cash equivalents increased to $8,713 million as of December 29, 2024, up by $864 million from $7,849 million at September 29, 2024[88] - The company believes its current cash, cash equivalents, and marketable securities will satisfy working and other capital requirements for at least the next 12 months[93] Business Developments - The company expects a $32 million increase in estimated sales of 3G/4G/5G-based multimode products and $30 million in higher royalty revenues recognized related to devices sold in prior periods[84] - The company has entered into comprehensive 4G and 5G license agreements with Shenzhen Transsion Holdings Limited, resolving all outstanding litigation between the parties[82] - The company is finalizing long-term license renewals with two key Chinese OEMs and is in discussions with Huawei regarding an expired agreement[83] Challenges and Risks - The company anticipates continued product cost increases due to transitions to new generations of leading process technology nodes from key semiconductor wafer suppliers[85] - The company is facing regulatory investigations and potential litigation that could materially affect its business and financial condition[92] - The QSI segment reported equipment and services revenues of $13 million for the three months ended December 24, 2023, a decrease of 100% compared to the previous year[79] Shareholder Actions - The company repurchased 11 million shares of common stock for $1.8 billion during the first three months of fiscal 2025[89]

Financial Performance - Qualcomm reported record revenues of $11.7 billion for Q1 Fiscal 2025, a 17% increase from $9.9 billion in Q1 Fiscal 2024[1] - GAAP diluted EPS was $2.83, up 15% from $2.46 in the same quarter last year, while Non-GAAP diluted EPS increased by 24% to $3.41 from $2.75[2] - Total revenues for the three months ended December 29, 2024, were $11,669 million, a 17.5% increase from $9,935 million for the same period in 2023[18] - Operating income increased to $3,555 million, up 21.4% from $2,928 million year-over-year[18] - Net income for the period was $3,180 million, compared to $2,767 million in the prior year, reflecting a 14.9% increase[18] - Basic earnings per share from continuing operations rose to $2.86, up from $2.52, representing a 13.5% increase[18] Revenue Breakdown - QCT revenues reached $10.1 billion, representing a 20% growth compared to $8.4 billion in Q1 Fiscal 2024, with handsets revenue at $7.6 billion, up 13%[3] - Automotive revenue surged by 61% to $961 million, while IoT revenue grew by 36% to $1.5 billion[4] - QCT revenues for Q2 FY25 are expected to be between $8.9 billion and $9.5 billion, while QTL revenues are projected to be between $1.25 billion and $1.45 billion[7] Future Projections - For Q2 FY25, Qualcomm estimates GAAP revenues between $10.3 billion and $11.2 billion, with Non-GAAP revenues projected between $10.2 billion and $11.0 billion[7] - The company aims to achieve $22 billion in non-handset revenues by fiscal 2029, reflecting its commitment to diversification initiatives[2] Shareholder Returns - The company returned $2.7 billion to stockholders, including $942 million in cash dividends and $1.8 billion through share repurchases[5] - The company repurchased $1,750 million of common stock during the quarter, up from $784 million in the same period last year[20] Expenses and Cash Flow - Research and development expenses were $2,230 million, an increase of 6.4% from $2,096 million in the previous year[18] - Net cash provided by operating activities was $4,587 million, significantly higher than $2,949 million in the same quarter last year[20] - Capital expenditures for the quarter were $277 million, compared to $214 million in the prior year, indicating a 29.5% increase[20] Assets and Taxation - The total assets of Qualcomm increased to $55.6 billion as of December 29, 2024, compared to $55.2 billion at the end of the previous quarter[14] - The effective tax rate for the quarter was impacted by a $164 million foreign currency loss related to a noncurrent receivable[29]