Qualcomm tops Q4 on chip demand but shares slip

Investing.com -- Qualcomm on Wednesday reported quarterly profit and revenue above Wall Street expectations, helped by record chip sales in its core business, but shares fell 2% in extended trading as the chipmaker provided its current quarter guide.

The chipmaker posted fourth-quarter earnings per share of $3, above analysts’ estimate of $2.87, on revenue of $11.27 billion, also ahead of the expected $10.75 billion.

Qualcomm forecast earnings of $3.30 to $3.50 per share on revenue between $11.8 billion and $12.6 billion for the first quarter. The midpoint of the range implies moderate sequential growth from the reported quarter.

Full-year revenue rose to $44.3 billion, while non-GAAP earnings reached $12.03 per share. Qualcomm’s chip unit, QCT, delivered record annual revenue, with sales to non-Apple customers up 18% and combined automotive and Internet of Things revenue climbing 27%.

“Our business remains strong as demonstrated by record QCT revenues in fiscal 2025,” Chief Executive Cristiano Amon said, citing momentum in automotive chips, data centers and robotics.

You May Also Be Interested In

• Is the global equity rally broadening? UBS weighs in
• BofA maintains underperform ratings on six BDC stocks
• Why this strategist thinks longer-term outlook for stocks is "unfavorable"