Qualcomm (QCOM) Surpasses Q2 Earnings and Revenue Estimates

Core Viewpoint - Qualcomm reported quarterly earnings of $2.85 per share, exceeding the Zacks Consensus Estimate of $2.83 per share, and showing an increase from $2.44 per share a year ago, indicating a positive earnings surprise of 0.71% [1][2] Financial Performance - The company achieved revenues of $10.84 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.55%, and up from $9.39 billion year-over-year [2] - Qualcomm has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Stock Performance - Qualcomm shares have declined approximately 4.4% since the beginning of the year, while the S&P 500 has seen a decline of 5.5% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.65 on revenues of $10.29 billion, and for the current fiscal year, it is $11.85 on revenues of $43.39 billion [7] - The outlook for the Electronics - Semiconductors industry is positive, ranking in the top 23% of over 250 Zacks industries, suggesting potential for outperformance [8]