Overview
- Fiscal Q4 revenue was $11.27 billion versus $10.79 billion expected, with adjusted EPS of $3.00 topping the $2.88 consensus.
- For fiscal Q1, Qualcomm projects revenue of $11.8–$12.6 billion (midpoint $12.2 billion) and adjusted EPS of $3.30–$3.50, both above estimates.
- New U.S. tax legislation triggered a $5.7 billion noncash charge, resulting in a GAAP net loss of $3.12 billion and expected corporate AMT liability next fiscal year.
- CEO Cristiano Amon said consumers are trading up from midrange to premium AI-capable smartphones, with pronounced strength in markets such as China and India.
- Handset revenue rose 14% to $6.96 billion, automotive grew 17% to $1.05 billion, IoT increased 7% to $1.81 billion, and licensing fell 7% to $1.41 billion as the company advances AI200/AI250 datacenter chips slated for 2026–2027.