"We delivered record revenues of $11.7 billion and non-GAAP earnings per share of $3.41." - Cristiano Amon
— Cristiano Amon
03Detailed Report
QCOM
QUALCOMM Incorporated
Period
Q1 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 13, 2026
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Executive Summary
QUALCOMM Incorporated reported record revenues of $11.7 billion for Q1 2025, showcasing remarkable growth driven primarily by strong demand in its chipset business, which reached $10.1 billion. The company achieved a non-GAAP earnings per share (EPS) of $3.41, underscoring its successful performance in both mobile and automotive sectors. Significant year-over-year growth was noted in automotive and IoT revenues, which increased by 61% and 36%, respectively, reflecting successful diversification into these high-potential markets. QUALCOMM's strategic focus on AI and advanced connectivity technologies positions it favorably for future growth as global demand for smart devices rises.
Key Performance Indicators
Revenue
Increasing
11.67B
QoQ: 13.91% | YoY: 17.45%
Gross Profit
Increasing
6.51B
55.77% margin
QoQ: 12.65% | YoY: 15.74%
Operating Income
Increasing
3.56B
QoQ: 37.68% | YoY: 21.41%
Net Income
Increasing
3.18B
QoQ: 8.90% | YoY: 14.93%
EPS
Increasing
2.86
QoQ: 9.16% | YoY: 15.32%
Revenue Trend
Margin Analysis
Financial Highlights
1. Revenue Performance: Q1 2025 revenues of $11.7 billion, up 17.45% YoY.
2. Net Income: Reported net income of $3.18 billion, a YoY increase of 14.93%.
3. Profitability Ratios: Non-GAAP EBIT margin at 32% and net profit margin at 27.25%.
4. Operating Income: $3.56 billion, marking a growth of 21.41% YoY.
5. Cash Flows: Free cash flow of $4.31 billion, bolstered by effective working capital management.
6. Balance Sheet Health: Cash and short-term investments totalled $14.3 billion, with low debt leverage ratios (debt/equity ratio at 0.542), ensuring strong liquidity and financial stability.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
11.67B
17.45%
13.91%
Gross Profit
6.51B
15.74%
12.65%
Operating Income
3.56B
21.41%
37.68%
Net Income
3.18B
14.93%
8.90%
EPS
2.86
15.32%
9.16%
Key Financial Ratios
Gross Profit Margin
Good
55.80%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Excellent
30.50%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Excellent
27.30%
Net profit margin is exceptional, indicating strong pricing power and operational efficiency
Return on Assets
Fair
5.72%
Return on assets is acceptable but below top-tier companies
Return on Equity
Fair
11.80%
Return on equity is acceptable but below top-tier companies
Current Ratio
Strong
2.62
Current ratio indicates excellent liquidity and financial flexibility
Debt to Equity
Moderate
0.54
Debt-to-equity indicates balanced capital structure with manageable debt
P/E Ratio
Value
13.49x
P/E ratio suggests potential undervaluation or stable earnings
Price to Book
High Premium
6.38x
Very high premium suggests asset-light business model or lofty expectations
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