Q3 25 EPS
$2.77
BEAT +2.05%
Est. $2.71
Q3 25 Revenue
$10.37B
BEAT +0.12%
Est. $10.35B
vs S&P Since Q3 25
+4.2%
BEATING MARKET
QCOM +18.2% vs S&P +14.0%
Market Reaction
Did QCOM Beat Earnings? Q3 2025 Results
Qualcomm closed out its fiscal third quarter with a clean beat on both top and bottom lines, underscoring the durability of its diversification push beyond mobile. The San Diego chipmaker posted non-GAAP diluted EPS of $2.77, ahead of the $2.71 conse… Read more Qualcomm closed out its fiscal third quarter with a clean beat on both top and bottom lines, underscoring the durability of its diversification push beyond mobile. The San Diego chipmaker posted non-GAAP diluted EPS of $2.77, ahead of the $2.71 consensus by 2.05%, while revenue climbed 10.3% year-over-year to $10.37 billion, edging past the $10.35 billion estimate. The clearest driver behind the results was the QCT semiconductor segment, where Automotive revenues hit a record $984 million, up 21%, and IoT revenues surged 24% to $1.68 billion, with those two businesses together growing 23% year-over-year and reinforcing CEO Cristiano Amon's argument that AI at the edge is becoming a primary growth vector. Handsets, still the largest revenue stream at $6.33 billion, added a steady 7%. Recent moves including partnerships with HUMAIN and Nvidia point to further ambitions in AI infrastructure. Looking ahead, Qualcomm guided Q4 revenues to a range of $10.30 billion–$11.10 billion with non-GAAP EPS of $2.75–$2.95; full Q4 coverage will track whether that momentum holds.
Key Takeaways
- • QCT Automotive revenue hit record quarterly high, up 21% YoY
- • IoT revenues grew 24% YoY driven by edge AI adoption
- • Combined Automotive and IoT revenues grew 23% YoY, validating diversification strategy
- • Handset revenues grew 7% YoY
- • QCT EBT margin expanded from 27% to 30%
- • Non-GAAP EBT margin improved from 32% to 34%
QCOM YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
QCOM Revenue by Segment
With YoY comparisons, source: SEC Filings
“Another quarter of strong growth in QCT Automotive and IoT revenues further validates our diversification strategy and confidence in achieving our long-term revenue targets.”
— Cristiano Amon, Q3 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% |