Record Automotive Revenue and $3.8 Billion Returned to Shareholders Highlight Robust Quarter
Qualcomm (QCOM) delivered solid third-quarter fiscal 2025 results, reporting $10.4 billion in revenue, with GAAP earnings per share of $2.43 and non-GAAP EPS of $2.77. The company’s performance was driven by significant growth in its QCT (Qualcomm CDMA Technologies) business, particularly in the automotive and IoT sectors, which saw a combined 23% year-over-year revenue increase.
The standout performer this quarter was QCT Automotive, which posted record revenue as Qualcomm continues to expand its footprint in next-generation vehicle platforms. IoT growth also remained strong, underscoring the success of Qualcomm’s ongoing diversification strategy beyond smartphones.
“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 CEO Cristiano Amon. “Our leadership in AI processing, high-performance and low-power computing, and advanced connectivity positions us to become the industry platform of choice as AI gains scale at the edge.”
In line with its commitment to return capital to shareholders, Qualcomm returned $3.8 billion during the quarter—$967 million in dividends and $2.8 billion through the repurchase of 19 million shares. The company reaffirmed that it is on track to meet its accelerated buyback goals for fiscal 2025.
With AI adoption expanding and edge computing demand rising, Qualcomm’s strategic pivot into automotive and IoT appears well-timed. The company’s forward-looking outlook reflects confidence in sustaining momentum as it targets growth across diversified, high-margin sectors.
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