Qualcomm has released information on its financial results for the second fiscal quarter, which exceeded Wall Street’s preliminary expectations, as sales of chips from the San Diego, California-based company showed significant growth.
The mentioned firm’s revenue for the second fiscal quarter ended March 30, 2025, was recorded at the $10.97 billion mark. This indicator showed an increase of 17% year-on-year. At the same time, the consensus forecast of analysts surveyed by LSEG predicted that the company’s revenue would reach $10.66 billion.
Adjusted earnings per share were $2.85. The consensus forecast of analysts surveyed by LSEG predicted that this figure would reach $2.82.
Qualcomm expects its revenue for the current fiscal quarter to be fixed at the $10.3 billion mark. The consensus forecast of analysts surveyed by LSEG predicted that this figure would be $10.35 billion.
The company’s net income for the fiscal quarter ended March 30, 2025 was recorded at the $2.81 billion mark. This indicator showed an increase of 21% year-on-year.
The overall company’s handset chip sales for the fiscal quarter ended March 30, 2025, were recorded at the $6.93 billion mark. This indicator increased by 12% year-on-year.
The company’s business related to the sale of automotive chips generated revenue of $959 million for the fiscal quarter ended March 30, 2025. This indicator increased by 59% year-on-year.
Qualcomm’s QCT chips business generated revenue of $9.47 billion over the mentioned period. In this case, the growth rate was 18% year-on-year.
The company’s revenue from its Internet of Things business for the fiscal quarter ended March 30, 2025, was recorded at the $1.58 billion mark. This indicator showed an increase of 27% year-on-year.
Qualcomm’s QTL unit which collects licensing fees from technology that the company developed and patented generated revenue of $1.32 billion for the fiscal quarter that ended March 30, 2025. In this case, there were no changes in the indicator on an annual basis.
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