Companies /Technology

Qualcomm Inc

NASDAQ: QCOM Semiconductors
$164.19
▼ $0.59 (−0.36%) today
Markets closed · 11:26pm ET

Q3 2025 Earnings

Reported Jul 30, 2025, 4:01pm ET · SEC source
$2.77
Beat +2.05%
EPS · est. $2.71
$10.4B
Beat +0.12%
Revenue · est. $10.4B
+6.9%
Beating market
QCOM vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
−6%−3%0+3%Jul 30Jul 31report 4:01pm ETearnings−0.8%−4.9%
−6%−3%0+3%Jul 30Jul 31earnings−0.8%−4.9%
QCOM −4.9%S&P 500 −0.8%
−6%−3%0+3%Jul 30Jul 31report 4:01pm ETearnings−1.2%−4.9%
−6%−3%0+3%Jul 30Jul 31earnings−1.2%−4.9%
QCOM −4.9%NASDAQ −1.2%
−4%0+4%+8%Jul 29Aug 7report 4:01pm ETearnings−0.7%−3.6%
−4%0+4%+8%Jul 29Aug 7earnings−0.7%−3.6%
QCOM −3.6%S&P 500 −0.7%
−4%0+4%+8%Jul 29Aug 7report 4:01pm ETearnings−0.5%−3.6%
−4%0+4%+8%Jul 29Aug 7earnings−0.5%−3.6%
QCOM −3.6%NASDAQ −0.5%
−7.73%
Day of report
+0.97%
Next session
−0.59%
One week
+8.19%
30 days

S&P 500 over the same 30 days: +1.30%.

Did QCOM Beat Earnings? Q3 2025 Results

Qualcomm closed out its fiscal third quarter with a clean beat on both top and bottom lines, underscoring the durability of its diversification push beyond mobile. The San Diego chipmaker posted non-GAAP diluted EPS of $2.77, ahead of the $2.71 consensus by 2.05%, while revenue climbed 10.3% year-over-year to $10.37 billion, edging past the $10.35 billion estimate. The clearest driver behind the results was the QCT semiconductor segment, where Automotive revenues hit a record $984 million — up 21% — and IoT revenues surged 24% to $1.68 billion, with those two businesses together growing 23% year-over-year and reinforcing CEO Cristiano Amon's argument that AI at the edge is becoming a primary growth vector. Handsets, still the largest revenue stream at $6.33 billion, added a steady 7%. Recent moves including partnerships with HUMAIN and Nvidia point to further ambitions in AI infrastructure. Looking ahead, Qualcomm guided Q4 revenues to a range of $10.30 billion–$11.10 billion with non-GAAP EPS of $2.75–$2.95; <a href="https://247wallst.com/investing/2025/11/05/live-complete-qualcomm-qcom-q4-earnings-coverage/">full Q4 coverage</a> will track whether that momentum holds.

Key Takeaways
  • QCT Automotive revenue hit record quarterly high, up 21% YoY
  • IoT revenues grew 24% YoY driven by edge AI adoption
  • Combined Automotive and IoT revenues grew 23% YoY, validating diversification strategy
  • Handset revenues grew 7% YoY
  • QCT EBT margin expanded from 27% to 30%
  • Non-GAAP EBT margin improved from 32% to 34%

“Another quarter of strong growth in QCT Automotive and IoT revenues further validates our diversification strategy and confidence in achieving our long-term revenue targets.”

Qualcomm CEO, on the earnings call

Forward Guidance & Outlook

For Q4 FY25, Qualcomm guided total revenues of $10.3B–$11.1B, with QCT revenues of $9.0B–$9.6B and QTL revenues of $1.25B–$1.45B. GAAP diluted EPS is expected at $2.23–$2.43, while Non-GAAP diluted EPS is guided to $2.75–$2.95. The outlook does not include provisions for proposed tax law changes, the One Big Beautiful Bill Act, future asset impairments, or pending legal matters beyond amounts that are probable and estimable.

QCOM YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$3.0B$6.0B$9.0B$9.4B$10.4BRevenue$5.2B$5.8BGross Profit$2.2B$2.8BOperating Income$2.1B$2.7BNet Income
$0$3.0B$6.0B$9.0BRevenueGross ProfitOperating IncomeNet Income

QCOM Revenue by Segment

QCT$9.0B+11.0%
Handsets$6.3B+7.0%
IoT$1.7B+24.0%
QTL$1.3B+4.0%
Automotive$984.0M+21.0%

Figures from SEC filings and company reports. Not investment advice.