Qualcomm Revenues Jumped 17 Percent to $11 Billion

Qualcomm reported that it earned a net income of $2.8 billion on revenues of $10.9 billion in the quarter ending March 30, 2025. Those figures represent year-over-year (YOY) gains of 21 percent and 17 percent, respectively.

“We are pleased to report another quarter of strong results,” Qualcomm president and CEO Cristiano Amon said. “As we navigate the current macroeconomic and trade environment, we remain focused on the critical factors we can control: Our leading technology roadmap, best-in-class product portfolio, strong customer relationships and operational efficiencies. Our top priorities remain executing our diversification strategy and continuing to invest in areas that drive long-term value.”

Qualcomm CDMA Technologies (QCT) delivered $9.5 billion in revenues, up 18 percent YOY. Of that, $6.9 billion in revenues came from handsets, a gain of 12 percent. Revenue from IoT–which includes chips for PCs and Meta Quest headsets–was $1.6 billion (up 27 percent), while Automotive revenues jumped 59 percent to $959 million. The other side of the business, Qualcomm Technology Licensing (QTL), saw flat revenues of $1.3 billion.

Qualcomm noted that its partners have over 85 Snapdragon X-based PC designs in production or development and that it’s now targeting over 100 designs through 2026. But its overall revenue estimate of $9.9 billion to $10.7 billion for the current quarter was below analyst averages, resulting in an after-hours stock price decline.