Qualcomm(QCOM.US) Q1 2025 Earnings Conference

The following is a summary of the QUALCOMM Incorporated (QCOM) Q1 2025 Earnings Call Transcript:

Financial Performance:

  • QUALCOMM reported record fiscal Q1 revenues of $11.7 billion and non-GAAP earnings per share of $3.41
  • Chipset business revenue hit a record $10.1 billion, driven by handset and automotive sectors
  • QTL revenues were $1.5 billion with EBT margin of 75%, aligning with forecasts
  • QCT EBT margins exceeded guidance at 32%, with EBT dollars increasing 25% year-over-year
  • Returned $2.7 billion to stockholders through buybacks and dividends

Business Progress:

  • Launched the Snapdragon 8 Elite for global usage in Samsung Galaxy S25 series
  • Increased design win momentum in PCs, with over 80 designs in production or development
  • Expanded IoT and automotive revenue streams significantly
  • Introduced new AI-powered computing platforms and collaborations in various industrial and automotive domains

Opportunities:

  • Enhanced AI capabilities across product lines, especially with the DeepSeek-R1 models running on Snapdragon platforms
  • Broadening the addressable market in PCs with the Snapdragon X series for $600 range
  • Expanding collaborations with industry giants like Samsung, Meta, Google, and others for various smart device integrations
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