Shares are still down around 6% from where they were before last week's report, despite the company beating analyst expectations on both headline figures.
Zacks.com users have recently been watching Qualcomm (QCOM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
QCOM reports higher revenues year over year in the fiscal second quarter, backed by healthy demand trends in several markets.
Qualcomm Inc (NASDAQ:QCOM, ETR:QCI) shares fell almost 8% in early trade on Thursday as weak guidance drew focus from better-than-expected results for the fiscal second quarter. The company projected fiscal third quarter revenue between $9.9 billion and $10.7 billion, at the midpoint of $10.3 billion below Wall Street estimates of $10.34 billion.
QUALCOMM Incorporated. (NASDAQ:QCOM ) Q2 2025 Earnings Conference Call April 30, 2025 4:45 PM ET Company Participants Mauricio Lopez-Hodoyan - VP of IR Cristiano Amon - President and CEO Akash Palkhiwala - CFO and COO Alex Rogers - President, QTL & Global Affairs Conference Call Participants Joshua Buchalter - TD Cowen Samik Chatterjee - JPMorgan Timothy Arcuri - UBS Stacy Rasgon - Bernstein Joseph Moore - Morgan Stanley Chris Caso - Wolfe Research Christopher Rolland - Susquehanna International Ross Seymore - Deutsche Bank Operator Ladies and gentlemen, thank you for standing by.
While the top- and bottom-line numbers for Qualcomm (QCOM) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Qualcomm (QCOM) came out with quarterly earnings of $2.85 per share, beating the Zacks Consensus Estimate of $2.83 per share. This compares to earnings of $2.44 per share a year ago.
Chief Executive Cristiano Amon said Qualcomm is navigating the current macroeconomic and trade environment and remains “focused on the critical factors we can control.”
The chipmaker says it is focused on its diversification strategy.
Qualcomm on Wednesday forecast third-quarter revenue just shy of Wall Street estimates, expecting tepid demand for its smartphone chips as the CEO expressed concern about the macroeconomic environment and global trade.
The Wall Street consensus estimate is for the company to report March quarter revenue of $10.6 billion with adjusted earnings per share of $2.82.
Despite a 14% share decline since February, I remain bullish on Qualcomm due to strong Q1 results and robust growth in Automotive and IoT segments. Qualcomm's fabless model and tariff carveouts position it well to navigate the trade war, preserving its pricing power and market share in China. Projected Q2 earnings are strong, with expected EPS of $2.81 and revenue of $10.65 billion, driven by handset, automotive, and IoT growth.