Qualcomm (QCOM) earnings report Q3 2025
CEO and president Cristiano Ammon, Qualcomm, Portugal, Lisbon in the Web Summit in Meo Arena on the first day of 2024 on the central stage.
Shauna Clinton | Sportsfile | Getty Images
Qualcomm Financially reported in the third quarter earning On Wednesday, Wall Street provided a stronger guide than expected for the current quarter. Qualcomm shares recorded in expanded trade.
How the chip manufacturer made for the quarter ended on June 29 compared to LSEG consensus expectations is explained below:
- Earning per share: $ 2.77 set and expected $ 2.71
- Revenues: 10.37 billion dollars and 10.35 billion dollars expected
In the current quarter, Qualcomm said he expected $ 2.85 per share in the midpoint of $ 10.7 billion income in the midpoint. Analysts who participated in the survey by LSEG were expecting $ 10.35 billion in revenue of $ 2.83 per share.
The net income ended in June, $ 2.13 billion or a year ago against $ 1.88 per share was $ 2.66 billion or $ 2.43 per share.
The most important job of Qualcomm sells chips for smartphones under the Snapdragon brand, including the central processor and modem for senior devices made by Samsung. It also provides modems Apple. The Ahap chip business reported $ 6,33 billion in a quarter, only $ 6.44 billion from Wall Street expectations.
Qualcomm is waiting to lose Apple as a customer for modern business in the coming years. However, the company is working to diversify its business by making chips for Windows PCs and other devices, including MetaQuest Virtual Reality Headphones and Meta Ray-Bans Smart Glasses.
Qualcomm CEO Cristiano Amon stressed the company’s work with Meta in a short interview on Wednesday.
He said that making chips for devices such as rail-benchmarks of Meta is a good example of the artificial intelligence strategy that adopts the chip manufacturer’s “personal artificial intelligence” or AI applications working on devices, not in the cloud.
Qualcomm reported its commodity revenues under the “Internet of Objects” section, which generates $ 1.68 billion in a quarter.
Amon referred to Mark Zuckerberg’s “Personal Superintelligigence” Mark Zuckerberg’s AI Vision, and said, “What we do with smart glasses in IOT,” he said.
CFO Akash Palkhiwala said Meta has a stronger chip consumption than expected in the quarter.
On Monday, Ray-Ban parent Essilorluxottica said that smart glasses sales have doubled on an annual basis.
“Mark has put forward a video today, only with a very clear vision of how they see personal artificial intelligence and super intelligence, and we are an important part of realizing this division.” He said.
Ray-Ban Meta Smart Glasses are strengthened with a Qualcomm chip. According to Qualcomm CEO Cristiano Amon, Qualcomm is working on Samsung and Google smart glasses.
Nurphoto | Nurphoto | Getty Images
Ammon also said that Qualcomm will start to provide data on how much the chip business has grown. Apple – It’s about 15% this year, he said.
The company’s automotive business was emphasized by AMON as one of the biggest growth opportunities for the company, but in the third quarter, it grew by 21% below 24% of the company’s IoT business.
The other majority of Qualcomm is QTL, which is developed by Qualcomm, including the sections of the 5G standard, including license fees for patented technology. In general, QTL revenues increased by 11% to $ 1.32 billion.
Qualcomm said that the share of the stock was reversed for 19 million shares for a quarter and spent a little less than $ 1 billion for cash dividends.
