Q2 25 EPS
$2.85
BEAT +1.29%
Est. $2.81
Q2 25 Revenue
$10.98B
BEAT +3.08%
Est. $10.65B
vs S&P Since Q2 25
-0.5%
TRAILING MARKET
QCOM +28.5% vs S&P +29.0%
Market Reaction
Did QCOM Beat Earnings? Q2 2025 Results
Qualcomm posted a convincingly strong fiscal second quarter, beating Wall Street expectations on both revenue and earnings as its push beyond smartphones continued to gain meaningful traction. The chipmaker reported revenue of $10.98 billion, up 16.9… Read more Qualcomm posted a convincingly strong fiscal second quarter, beating Wall Street expectations on both revenue and earnings as its push beyond smartphones continued to gain meaningful traction. The chipmaker reported revenue of $10.98 billion, up 16.9% year-over-year and ahead of the $10.65 billion consensus, while non-GAAP diluted EPS of $2.85 edged past the $2.81 estimate by 1.29%. The real story behind the beat was the QCT semiconductor segment's accelerating diversification: automotive revenue surged 59% to $959 million and IoT climbed 27% to $1.58 billion, together growing 38% year-over-year and offsetting a more measured 12% gain in handsets. Despite the strong print, shares wobbled in after-hours trading as investors focused on the Q3 revenue outlook of $9.90 billion to $10.70 billion, a range that implied some caution given the uncertain trade environment. Non-GAAP EPS guidance of $2.60 to $2.80 for the current quarter reflected management's measured confidence as Qualcomm navigates macro headwinds while executing its long-term diversification strategy.
Key Takeaways
- • QCT EBT grew 25% year-over-year driven by strong semiconductor demand
- • Combined Automotive and IoT revenues grew 38% year-over-year, demonstrating diversification progress
- • Automotive revenues surged 59% YoY to $959 million
- • IoT revenues grew 27% YoY to $1,581 million
- • Handset revenues grew 12% YoY to $6,929 million
QCOM YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
QCOM Revenue by Segment
With YoY comparisons, source: SEC Filings
“We are pleased to report another quarter of strong results. 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.”
— Cristiano Amon, Q2 2025 Earnings Press Release
QCOM Earnings Trends
QCOM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
QCOM EPS Trend
Earnings per share: estimate vs actual
QCOM Revenue Trend
Quarterly revenue: estimate vs actual
QCOM Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | $2.65 | — | $10.60B | +0.18% |
| Q1 26 BEAT | $3.40 | $3.50 | +2.87% | $12.25B | +0.62% |
| Q4 25 BEAT FY | $2.87 | $3.00 | +4.53% | $11.27B | — |
| FY Full Year | $11.90 | $12.03 | +1.12% | $44.28B | +1.70% |
| Q3 25 BEAT | $2.71 | $2.77 | +2.05% | $10.37B | +0.12% |
| Q2 25 BEAT | $2.81 | $2.85 | +1.29% | $10.98B | +3.08% |
| Q2 23 BEAT | $2.15 | $2.15 | +0.00% | $9.28B | +1.94% |