Moving forward with tech companies’ Q1 2025 earnings reports, Qualcomm has just shared its results, following others in this season. This quarter saw impressive performance for the chip designer, exceeding expectations in vital metrics and setting a new revenue record. Not only did it surpass estimates on revenue, but it also came out ahead on earnings per share (EPS), reinforcing a strong showing for the company during this period.
In this week, Qualcomm shared its Q1 2025 earnings report on their investor relations site. For the quarter’s revenue, they reported a total of $11.669 billion, surpassing the anticipated $10.9 billion by Wall Street analysts. Remarkably, this was also the highest single-quarter revenue ever recorded by Qualcomm in their history. Regarding EPS, Q1 2025 resulted in $3.41 per share, significantly exceeding the expected $2.96 per share.
Over the past few years, Qualcomm has thrived significantly by conducting business with several major tech companies. They’re a key component in many popular devices, such as the Meta Quest VR headsets and Samsung’s Galaxy smartphones, and they’re growing their reach even more thanks to the Snapdragon series.
It’s quite probable that those factors significantly contributed to Qualcomm surpassing its highest revenue mark in its recent quarter. Keep an eye on Shacknews for further insights into corporate earnings reports.
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2025-02-06 01:57