🔹 Adj EPS: $3.41 (Est. $2.97) 🟢; UP +24% YoY
🔹 Revenue: $11.67B (Est. $10.93B) 🟢; UP +18% YoY
🔹 Gross Margin: 56.5% (Est. 56.01%) 🟢
🔹 EBITDA: $4.43B (Est. $4.31B) 🟢
Q2'25 Guidance:
🔹 Revenue: $10.3B - $11.2B (Est. $10.35B) 🟢
🔹 Adjusted EPS: $2.70 - $2.90 (Est. $2.69) 🟢
🔹 QCT Revenue: $8.9B - $9.5B (Est. $8.90B) 🟢
🔹 QTL Revenue: $1.25B - $1.45B (Est. $1.43B) 🟢
Segment Performance:
🔹 QCT (Chip Business) Revenue: $10.08B (Est. $9.39B) 🟢; UP +20% YoY
🔸 Handset Revenue: $7.57B; UP +13% YoY (Record Quarterly Revenue)
🔸 Automotive Revenue: $961M; UP +61% YoY (6th Consecutive Record Quarter)
🔸 IoT Revenue: $1.55B; UP +36% YoY
🔹 QTL (Licensing Business) Revenue: $1.54B (Est. $1.51B) 🟢; UP +5% YoY
Capital Returns:
🔹 Stock Buybacks: $1.8B (Repurchased 11M shares)
🔹 Dividends Paid: $942M ($0.85 per share)
CEO Cristiano Amon's Commentary:
🔸 "Record quarterly revenue highlights the strength of our technology, product roadmap, and robust customer demand. We continue executing on diversification initiatives and remain committed to achieving $22B in non-handset revenue by 2029."
Strategic & Business Updates:
🔸 Strong adoption of Snapdragon platforms across smartphones, automotive, and AI-driven computing.
🔸 Expanding AI capabilities in mobile, automotive, and edge computing solutions.
🔸 Automotive business sees continued momentum with major design wins.
🔸 Strong IoT growth fueled by industrial and enterprise demand.
🔹 QCOM delivered record QCT revenues exceeding $10B, with strength across handsets, automotive, and IoT. The company raised Q2 guidance above estimates, continuing strong execution in AI-driven diversification efforts.
