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Jun 29
Qualcomm Q3 2025 Earnings Report
Qualcomm reported strong growth in QCT and record automotive revenues in Q3 2025.
Key Takeaways
Qualcomm posted a strong quarter with revenue of $10.4B and adjusted EPS of $2.77, driven by growth across Handsets, IoT, and Automotive. Record automotive revenues and expanded AI capabilities through partnerships and acquisitions stood out.
Revenue grew to $10.4B, up 10% YoY.
Adjusted EPS rose to $2.77, up 19% YoY.
Automotive segment posted record quarterly revenue of $984M.
Strategic acquisitions and AI expansion continue to strengthen Qualcomm’s edge capabilities.
Qualcomm
Qualcomm
Qualcomm Revenue by Segment
Revenue by Segment
QCT Revenue
CapyFin.comQTL Revenue
CapyFin.comHandsets Revenue
CapyFin.comAutomotive Revenue
CapyFin.comIoT Revenue
CapyFin.com Forward Guidance
Qualcomm projects Q4 revenue between $10.3B and $11.1B, and Non-GAAP EPS between $2.75 and $2.95, with continued growth expected across QCT segments.
Positive Outlook
- Revenue guidance midpoint higher than Q3 results.
- Non-GAAP EPS projected to increase sequentially.
- QCT revenue expected to grow further to as much as $9.6B.
- Automotive and IoT segments continuing to show strength.
- QTL margins expected to remain strong at 69–73%.
Challenges Ahead
- QCT EBT margin expected to decline slightly to 27–29%.
- Increased operating expenses projected at $2.35B.
- Share count expected to decline marginally, implying fewer buybacks.
- Continued pressure from macroeconomic conditions not ruled out.
- GAAP interest and other income expected to normalize from large Q3 gain.