Qualcomm, Inc.

Strong Financial Performance: Qualcomm reported non-GAAP revenues of $10.8 billion and non-GAAP earnings per share (EPS) of $2.85 for fiscal Q2, surpassing guidance midpoints. This reflects a year-over-year revenue increase of 17% and EPS growth of 21%, indicating solid business momentum despite macroeconomic challenges.

Growth in Key Sectors: Revenue from the chipset business reached $9.5 billion, with notable growth in Automotive (59% YoY) and IoT (27% YoY). The QCT (Qualcomm CDMA Technologies) segment showed strength driven by increased content in new vehicle launches and premium-tier Android shipments, with handset revenues increasing 12% YoY to $6.9 billion. This growth is attributed to technology leadership in AI and connectivity solutions.

Guidance and Market Conditions: Looking ahead to fiscal Q3, Qualcomm forecasts revenues between $9.9 billion to $10.7 billion and non-GAAP EPS between $2.60 to $2.80. The uncertain macroeconomic and trade environment, particularly concerning tariff impacts, is highlighted, but the company reassures that they do not foresee significant direct impacts on demand at this time.