Qualcomm is expanding into automotive, industrial IoT, data centers, and wearable AI through partnerships with Xiaomi, Samsung, and Advantech, while bullish technicals at key supports signal upside.
Qualcomm (QCOM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Qualcomm's transformation beyond mobile chipsets still faces a skeptical market, with investors lacking conviction of its ability to diversify into other growth segments. Despite a pretty decent earnings scorecard, Qualcomm's relatively slow progress leaves the market contemplating about missed opportunities. While leading semiconductor peers have capitalized on the AI infrastructure boom, Qualcomm's move to the data center business is far from guaranteed.
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I reiterate my Buy rating on Qualcomm Incorporated stock, with a fair value estimate of $183 per share, driven by strong non-handset growth. Qualcomm's acquisition of Alphawave Semi and partnerships with Xiaomi and Aetina expand its AI, automotive, and IoT market presence. Q3 FY25 results showed double-digit growth in automotive and IoT, supporting management's $22 billion FY29 revenue target for these segments.
Qualcomm Inc (NASDAQ:QCOM, ETR:QCI) beat Wall Street expectations for revenue and earnings in its fiscal third quarter, driven by strong growth in its automotive and Internet of Things (IoT) segments, but issued a cautious outlook for the current quarter, sending shares down 4.6% on Thursday morning. The chipmaker reported revenue of $10.37 billion for the quarter ended June 30, up 10% from a year earlier and above analysts' average estimate of $10.33 billion, according to LSEG data.
QCOM beats Q3 earnings estimates as record auto revenues offset a slight miss on total sales.
QUALCOMM Incorporated (NASDAQ:QCOM ) Q3 2025 Earnings Conference Call July 30, 2025 4:45 AM ET Company Participants Akash Palkhiwala - CFO & COO Cristiano Renno Amon - CEO, President & Director Mauricio Lopez-Hodoyan - Vice President of Investor Relations Conference Call Participants Benjamin Alexander Reitzes - Melius Research LLC Christopher Caso - Wolfe Research, LLC Joshua Louis Buchalter - TD Cowen, Research Division Ross Clark Seymore - Deutsche Bank AG, Research Division Samik Chatterjee - JPMorgan Chase & Co, Research Division Stacy Aaron Rasgon - Sanford C. Bernstein & Co., LLC.
Although the revenue and EPS for Qualcomm (QCOM) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Qualcomm (QCOM) came out with quarterly earnings of $2.77 per share, beating the Zacks Consensus Estimate of $2.7 per share. This compares to earnings of $2.33 per share a year ago.
Shares of Qualcomm Inc. were falling more than 4% in after-hours trading on Wednesday after the company missed revenue expectations for some of its business segments, even as overall revenue performance cleared Wall Street's bar.
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