Overview

• The company reported third-quarter revenue of $10.37 billion and adjusted earnings per share of $2.77, beating analysts’ forecasts of $10.35 billion and $2.71 respectively.
• For the fiscal fourth quarter, Qualcomm projected revenue between $10.3 billion and $11.1 billion with adjusted earnings around $2.85 per share, exceeding Wall Street consensus.
• Qualcomm is relying on on-device AI capabilities and an expanding augmented-reality glasses design pipeline, which has grown to 19 confirmed projects, to spur semiconductor sales.
• Chip segment revenue from non-Apple customers has climbed more than 15% year to date as Qualcomm broadens its presence in PCs, automotive and IoT markets.
• Ongoing US-China tariff uncertainties and the expected end of its Apple modem partnership have prompted Qualcomm to accelerate ventures in new device categories.