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