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Mar 30

Qualcomm Q2 2025 Earnings Report

Qualcomm reported solid growth across segments, with strong gains in Automotive and IoT for Q2 2025.

Key Takeaways

Qualcomm posted a robust second quarter with $11B in revenue and $2.81B in net income, driven by diversification efforts in Automotive and IoT. Adjusted EPS reached $2.85, reflecting efficient operations and a strong product mix.

Total Revenue
$11B
Previous year: $9.39B
+16.9%
EPS
$2.85
Previous year: $2.44
+16.8%
Dividends paid
$938M
Share repurchase
$1.7B
Shares repurchased
11M
Gross Profit
$6.04B
Previous year: $5.28B
+14.4%
Cash and Equivalents
$7.2B
Previous year: $9.22B
-21.9%
Free Cash Flow
$2.34B
Previous year: $3.37B
-30.6%
Total Assets
$55.4B
Previous year: $53.2B
+4.1%

Qualcomm

Qualcomm

Qualcomm Revenue by Segment

Forward Guidance

For Q3 FY25, Qualcomm expects revenues between $9.9B and $10.7B and non-GAAP EPS between $2.60 and $2.80.

Positive Outlook

  • Strong QCT revenue expected between $8.7B and $9.3B
  • Non-GAAP EPS projected up to $2.80
  • Improved outlook amid operational efficiency
  • Continued growth in Automotive and IoT segments
  • Stable licensing revenue outlook

Challenges Ahead

  • EPS includes $0.50 reduction from share-based compensation
  • Revenue outlook range reflects market uncertainty
  • Guidance does not include provisions for legal or tax changes
  • Potential macroeconomic headwinds remain
  • Volatility in semiconductor demand could impact results

Revenue & Expenses

Visualization of income flow from segment revenue to net income