Compared to Estimates, Qualcomm (QCOM) Q2 Earnings: A Look at Key Metrics

Core Insights - Qualcomm reported revenue of $10.84 billion for the quarter ended March 2025, reflecting a 15.4% increase year-over-year and a surprise of +1.55% over the Zacks Consensus Estimate of $10.67 billion [1] - The earnings per share (EPS) for the quarter was $2.85, up from $2.44 in the same quarter last year, with an EPS surprise of +0.71% compared to the consensus estimate of $2.83 [1] Revenue Breakdown - QCT Handsets revenue was $6.93 billion, exceeding the average estimate of $6.89 billion, representing a year-over-year increase of +12.1% [4] - QCT Automotive revenue reached $959 million, surpassing the average estimate of $889.52 million, marking a significant year-over-year growth of +59% [4] - QTL revenue was reported at $1.32 billion, slightly below the average estimate of $1.35 billion, with a minimal year-over-year change of +0.1% [4] - Total QCT revenue was $9.47 billion, exceeding the average estimate of $9.23 billion, indicating a year-over-year increase of +18% [4] - QCT IoT revenue was $1.58 billion, surpassing the average estimate of $1.45 billion, reflecting a year-over-year growth of +27.2% [4] Performance Metrics - Qualcomm's shares have returned -4% over the past month, compared to a -0.2% change in the Zacks S&P 500 composite [3] - The company currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]