Qualcomm Quarterly Profit Rises 25% on New Automotive and IoT Segment Growth

Qualcomm quarterly profit rises 25% on new automotive and IoT segment growth

A car with new Qualcomm Snapdragon technology. (File photo from Qualcomm Twitter feed) Qualcomm reported Wednesday that its earnings grew by 25% in the third fiscal quarter ended June 19 on a 10% increase in revenue. The San Diego-based wireless pioneer earned $2.67 billion, or $2.43 per share, in the latest quarter, compared to $2.13 billion, or $1.88 per share, in the same quarter last year. Revenue grew to $10.4 billion from $9.4 billion. “An…

Qualcomm CEO bullish on Alphawave driving new revenue

Qualcomm CEO Cristiano Amon highlighted a plan to diversify the company’s product line beyond mobile chips paid off in its fiscal Q3 (the period ending 29 June), as he positioned a $2.4 billion deal to buy chip designer Alphawave as a further growth opportunity. On the earnings call, Amon (pictured) said the acquisition to buy Alphawave “is a logical extension of our diversification strategy as we continue to demonstrate leadership in CPU perfor…

Qualcomm Announces Third Quarter Fiscal 2025 Results

Qualcomm Incorporated (NASDAQ: QCOM) today announced results for its fiscal third quarter ended June 29, 2025. "Another quarter of strong growth in QCT Automotive and IoT revenues further validates our diversification strategy and confidence in achieving our long-term revenue targets," said Cristiano Amon, President and CEO of Qualcomm Incorporated. "Our leadership in AI processing, high-performance and low-power computing and advanced connecti…