Qualcomm (QCOM) Income Report Q3 2025

Qualcomm Reported to the third meeting income On Wednesday, that beat Wall Street expectations and provided a guide to expectations for the quarter. Qualcomm shares glide in extended trading.

What chipmakers do in the quarter ended June 29 compared to LSEG consensus expectations:

• Earnings per share: $2.77 adjusted with expected $2.71
• income: US$10.37 billion vs. US$10.35 billion

In the quarter, Qualcomm said it was expected to have an adjusted earnings midpoint of $2.85 per share, with a midpoint of $10.7 billion in revenue. Analysts who voted for LSEG expect adjusted revenue per share of $2.83, with revenue of $10.35 billion.

Net income for the quarter ended June was $2.66 billion, or $2.43 per share, compared with $2.13 billion per share, or $1.88 per share a year ago.

Qualcomm’s most important business is selling chips for smartphones under its Snapdragon brand, including CPUs and modems for high-end devices made by Samsung. It also provides a modem apple. Its mobile phone chip business reported revenue of $6.33 billion in the quarter, just the $6.44 billion expected by Wall Street.

Qualcomm expects to lose Apple as a customer of its modern business in the next few years. But the company has been working to diversify its business by making chips for other devices, including Windows PCs and YuanQuest Virtual-Real Headphones and Meta Ray-Bans Smart Glasses.

Qualcomm CEO Cristiano Amon highlighted the company’s partnership with Meta in a brief interview Wednesday.

He said making chips for devices like Meta’s Ray-Bans Smart Glasses is a great example of chipmakers’ AI strategy that is included in the “personal AI” or AI applications of the device rather than the cloud.

Qualcomm reported its dollar revenue under its “Internet of Things” division, with revenue of $1.68 billion for the quarter.

Quote Mark ZuckerbergWednesday’s AI Vision statement focused on “personal superintelligence” and said: “Our upside space in the quarter in the Internet of Things is what we do with smart glasses.”

Chief Financial Officer Akash Palkhiwala said the chip consumption of the RMB chip this quarter was strong.

Monday, Lei Yang’s parents Essilorluxottica explain Smart glasses sales tripled each year.

“Mark released a video today, just very clear about how they view the development of personal AI and super intelligence, and we are the key part of making the department achieve it,” Palkhiwala said.

Amon also said Qualcomm will start offering how much its chip business will grow without it apple He said about 15% this year.

Qualcomm also wants to expand into data centers and sell versions of its chips that can be used to deploy artificial intelligence, Amon said in a call with analysts. He said Qualcomm is already in discussions with a large cloud company called Hyperscaler to provide AI chips. He said Qualcomm may start seeing revenue in fiscal 2028.

“We interacted with multiple prospects when we were in the early stages of this expansion,” Amon said. “We are currently having advanced discussions with leading super raters.”

Amon highlighted that the company’s automotive business is one of the company’s biggest growth opportunities, but in the third quarter, it grew 21% to $984 million, down from the company’s 24% growth rate for IoT business.

“What you’re expecting is that the growth opportunities we have in cars and the Internet of Things are far more than Apple’s revenue,” Palkhiwala said on the phone.

Another major division of Qualcomm is QTL, which includes licensing fees for the technology developed and patented by Qualcomm, including part of the 5G standard. Overall, QTL revenue grew 11% to $1.32 billion.

Qualcomm said it spent less than $1 billion on cash dividends this quarter, repurchasing 19 million shares of shares this quarter.