Core Insights - Semiconductor stocks are experiencing mixed performance, with some benefiting from AI demand while others face weaker device demand [1] - Qualcomm is set to report Q4 FY2025 results, with analysts predicting $2.33 GAAP EPS on $10.9 billion in revenue, following a strong Q3 performance [2][3] Company Overview - Qualcomm is a leading fabless semiconductor company based in San Diego, focusing on wireless and mobile technologies, with key segments including Qualcomm CDMA Technologies (QCT) and Qualcomm Technology Licensing (QTL) [4] - The company’s products are integral to 5G smartphones, automotive systems, and Internet-of-Things devices [4] Stock Performance - Qualcomm's market cap is approximately $195 billion, with shares increasing about 18% year-to-date, outperforming the overall tech market, driven by the launch of new data center AI chips [5] Valuation Metrics - Qualcomm appears undervalued with a trailing P/E of 17.5x, significantly lower than the semiconductor industry median of 39.5x, and an enterprise value/EBITDA of roughly 15x compared to a 24x median for the sector [6] Recent Financial Performance - In Q3, Qualcomm reported a 10% year-over-year revenue increase to $10.4 billion, driven by strong IoT sales (up nearly 24%) and automotive growth (up 21%), although handset revenue rose only 7%, missing expectations [7]