QCOM — Qualcomm Incorporated

Quarterly Earnings Performance

Calendar 2025

Note: Qualcomm's fiscal year ends in late September. Quarters below are labeled by fiscal quarter but grouped by the calendar year in which they were reported.
Quarter Period Report Date Revenue YoY Growth EPS (non-GAAP) Guidance (next qtr) Notes
Q1 FY2025 Oct–Dec 2024 2025-01-29 $11.7B +18% $3.41 Record quarterly revenue; QCT strength
Q2 FY2025 Jan–Mar 2025 2025-04-30 $11.0B +17% $2.55 Handset + auto momentum
Q3 FY2025 Apr–Jun 2025 2025-07-30 $10.4B +13% $2.77 IoT recovery; auto +61% YoY
Q4 FY2025 Jul–Sep 2025 2025-11-06 $11.3B +8% $3.00 $11.8–12.6B At high end of guidance; data center ramp
FY2025 Oct 2024–Sep 2025 $44.3B +14% ~$11.73 Record FY revenue; diversification gains

Upcoming

Quarter Est. Report Date Est. Revenue Est. EPS Source
Q1 FY2026 ~2026-01-28 $11.8–12.6B (est.) $3.30–3.50 (est.) Company guidance from Q4 FY2025 call
Q2 FY2026 ~2026-04-29 — (est.) — (est.) Analyst consensus

Commentary

Qualcomm delivered a record fiscal 2025 at $44.3B (+14% YoY), with strong execution across all segments — QCT handset benefiting from AI on-device processing, auto revenues surging (up 61% in Q3 FY2025), and IoT recovering. Q4 FY2025 came in at the high end of guidance at $11.3B, and the company guided Q1 FY2026 to $11.8–12.6B with data center revenue (AI inference accelerators) expected to begin contributing materially in FY2026, pulled forward from FY2027. The diversification away from handsets into auto and IoT is the long-term thesis, and FY2025 showed meaningful progress. Next catalyst: Q1 FY2026 earnings ~January 2026.


Sources

  • Qualcomm Q1 FY2025 8-K (SEC)
  • Qualcomm Q3 FY2025 8-K (SEC)
  • Qualcomm Q4 FY2025 8-K (SEC)
  • Qualcomm Q4 FY2025 Earnings Call — Motley Fool
  • Qualcomm Q4 FY2025 Analysis — Futurum

  • Generated: 2026-05-27