Qualcomm Earnings Up 10 Percent to $11.3 Billion

Qualcomm reported a net loss of $3.1 billion on revenues of $11.3 billion in the quarter ending September 28, 2025. Revenues were up 10 percent year-over-year (YOY), and Qualcomm beat expectations.

The quarter also marked the end of Qualcomm’s fiscal year. In that year, the firm posted a net income of $5.5 billion on revenues of $44.3 billion. Those figures represent a decline of 45 percent and a gain of 14 percent, respectively.

“Our business remains strong as demonstrated by record QCT [Qualcomm CDMA Technologies] revenues in fiscal 2025,” Qualcomm president and CEO Cristiano Amon said. “We delivered 18 percent year-over-year growth in total QCT non-Apple revenues, with combined fiscal year Automotive and IoT revenue growth of 27 percent. We are excited about our business momentum, the availability of our automated driving stack, and our expansion to data centers and advanced robotics”

Qualcomm’s QCT business unit is responsible for creating chips and processors for phones and other mobile devices, automotive, and Internet of Things (IoT). It generated $9.82 billion in revenues in the quarter, up 13 percent YOY, with $7 billion of that coming from mobile (up 14 percent). For FY2025, QCT hit $44 billion in revenues, up 16 percent, with mobile delivering $28 billion (up 12 percent).

Qualcomm’s licensing business, QTL, added $1.4 billion in revenues in the quarter, down 7 percent YOY, and $5.6 billion for the year, which was flat YOY.

Qualcomm attributed its profit shortfalls to the U.S. government’s One Big Beautiful Bill Act, which resulted in $5.7 billion in non-cash write-down charges. But it predicted better than expected results for the current quarter and fiscal year.