Home/Qualcomm Inc./Q3-2025
▲ TAILWIND◑ DEPLOYING2025-11-05

Qualcomm Inc. Q3-2025

Information Technology · Semiconductors

Revenue
$11.3B
YoY Growth
10.0%
EPS
$3.00
Gross Margin
55.4%
Revenue by Segment
QCT
+13%$9.8B
QTL
-7%$1.4B
QCT Handsets
+14%$7.0B
QCT Automotive
+17%$1.1B
QCT IoT
+7%$1.8B

Operator Signal: TAILWIND

Qualcomm posted record QCT revenues with 18% non-Apple growth and 27% combined Automotive+IoT growth. They're expanding into data centers and advanced robotics — new TAM that didn't exist two years ago. The Automotive pipeline is accelerating with their automated driving stack now available.

Founder Implication

If you're building on edge compute or automotive platforms, Qualcomm's investment in automated driving and data center expansion signals a deepening ecosystem — expect more integration points and developer tools in the next 12 months.

AI Intelligence

◑ DEPLOYING

Qualcomm has named AI products in market (Snapdragon AI, automated driving stack) and is expanding AI-enabled platforms to data centers and robotics — beyond pilots into production deployment across multiple verticals.

Mentions: 3
◑ DEPLOYING
“Building on our 40 years of technology leadership in creating era-defining breakthroughs, we deliver a broad portfolio of solutions built with our leading edge AI”— Corporate
◑ DEPLOYING
“We are excited about our business momentum, the availability of our automated driving stack, and our expansion to data centers and advanced robotics”— Cristiano Amon
○ HYPE
“Together with our ecosystem partners, we enable next-generation digital transformation to enrich lives, improve businesses, and advance societies”— Corporate

Competitor Intelligence

Apple2x mentioned
CAUTIOUS
“Total QCT non-Apple fiscal year revenues grew 18% year-over-year”
European Commission2x mentioned
NEUTRAL
“$1 million of interest expense related to a fine imposed on us by the European Commission (EC) in 2019”

What They Actually Said

“Our business remains strong as demonstrated by record QCT revenues in fiscal 2025. We delivered 18% year-over-year growth in total QCT non-Apple revenues, with combined fiscal year Automotive and IoT revenue growth of 27%.”

— Cristiano Amon, CEO
growth-signalproduct-launch

“We are excited about our business momentum, the availability of our automated driving stack, and our expansion to data centers and advanced robotics.”

— Cristiano Amon, CEO
aiproduct-launchgrowth-signal

Forward Guidance

INITIATED
Q1 FY26 revenues $11.8B - $12.6B(next quarter)
INITIATED
Q1 FY26 Non-GAAP diluted EPS $3.30 - $3.50(next quarter)
INITIATED
QCT revenues $10.3B - $10.9B(next quarter)
INITIATED
QTL revenues $1.4B - $1.6B(next quarter)
MAINTAINED
We now expect our effective tax rate to generally remain in the 13% to 14% range and anticipate lower cash tax payments in future periods(long-term)

Who Ran This Call

DynamicCEO-Led Call
CEO Share100%
Cristiano AmonCEO
OPTIMISTIC62 words
Cristiano Amon: “excited about our business momentum, expansion to data centers and advanced robotics”
Themes
ai-integrationpricing-powermargin-expansioncapital-returnsbuybacksguidance-maintainedchina-exposuregeopolitical-riskregulatory-risk