Qualcomm reported fiscal third-quarter 2025 revenue of $10.4 billion, up 10% year-over-year, driven by record automotive revenues and continued strength in IoT. The company posted GAAP earnings per share of $2.43 and non-GAAP EPS of $2.77. Its QCT semiconductor business generated $8.99 billion in revenue, an 11% increase from the prior year, while its licensing business (QTL) contributed $1.32 billion, up 4%.
Within QCT, handsets remained the largest segment at $6.3 billion, up 7% year-over-year, while automotive grew 21% to $984 million, marking a new quarterly record. IoT revenue surged 24% to $1.68 billion, highlighting the success of Qualcomm’s diversification strategy beyond smartphones. Operating margins also improved, with QCT’s EBT margin rising three points to 30%.
The company returned $3.8 billion to shareholders during the quarter, including $2.8 billion in stock repurchases and $967 million in dividends. Qualcomm said it remains on track to meet its accelerated buyback target for FY25.
• Q3 revenue: $10.4 billion, up 10% year-over-year
• GAAP EPS: $2.43, Non-GAAP EPS: $2.77
• QCT revenues: $8.99 billion (+11%)
– Handsets: $6.33 billion (+7%)
– Automotive: $984 million (+21%, record high)
– IoT: $1.68 billion (+24%)
• QTL revenues: $1.32 billion (+4%)
• Shareholder returns: $3.8 billion, including $2.8 billion in buybacks
“Our leadership in AI processing, high-performance and low-power computing and advanced connectivity positions us to become the industry platform of choice as AI gains scale at the edge,” said Cristiano Amon, President and CEO of Qualcomm.
🌐 Why it Matters: Qualcomm’s record automotive revenues and rapid IoT expansion underscore its successful pivot beyond smartphones. With AI workloads moving toward the edge, Qualcomm is positioning its chip platforms for vehicles, connected devices, and next-gen PCs—areas of long-term growth that diversify revenue and reduce reliance on handset cycles.
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