Qualcomm Inc

Qualcomm posted a convincingly strong fiscal second quarter, beating Wall Street expectations on both revenue and earnings as its push beyond smartphones continued to gain meaningful traction. The chipmaker reported revenue of $10.98 billion, up 16.9% year-over-year and ahead of the $10.65 billion consensus, while non-GAAP diluted EPS of $2.85 edged past the $2.81 estimate by 1.29%. The real story behind the beat was the QCT semiconductor segment's accelerating diversification: automotive revenue surged 59% to $959 million and IoT climbed 27% to $1.58 billion, together growing 38% year-over-year and offsetting a more measured 12% gain in handsets. Despite the strong print, shares wobbled in after-hours trading as investors focused on the Q3 revenue outlook of $9.90 billion to $10.70 billion — a range that implied some caution given the uncertain trade environment. Non-GAAP EPS guidance of $2.60 to $2.80 for the current quarter reflected management's measured confidence as <a href="https://247wallst.com/investing/2025/11/05/live-complete-qualcomm-qcom-q4-earnings-coverage/">Qualcomm navigates macro headwinds</a> while executing its long-term diversification strategy.