Qualcomm said revenues for Q1 of fiscal 2025 were $11.7 billion, an increase of 17% compared to the year ago quarter, with net income of $3.2 billion, an increase of 15% compared to the year ago quarter.

1. 01

   Qualcomm said revenues for Q1 of fiscal 2025 were $11.7 billion, an increase of 17% compared to the year ago quarter, with net income of $3.2 billion, an increase of 15% compared to the year ago quarter.

2. 02

   The company said QCT revenues increased by 20% compared to the year ago quarter, citing higher handsets, IoT and automotive revenues as factors. QCT equipment and services revenues were $9.9 billion (compared to $8.3 billion in the year ago quarter).

3. 03

   Qualcomm said QTL revenues increased by 5% compared to the year ago quarter. The company explained that gross margin percentage decreased primarily because the proportion of total revenues related to QTL licensing revenues, which have a higher margin contribution, declined.

4. 04

   The company said cash, cash equivalents and marketable securities increased in the first 3 months of fiscal 2025, primarily due to net cash provided by operating activities, partially offset by other uses. During the same period, it repurchased 11 million shares for $1.8 billion and paid $942 million in cash dividends.

Key figures

Quarter ended December 29, 2024

Revenue

$11.7B

Operating income

$3.6B

Net income

$3.2B

EPS

$2.83

Operating cash flow

$4.6B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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