Company news: Qualcomm (QCOM) quarterly results strongly beat analysts’ estimates

Qualcomm (QCOM) reported Q1 FY2025 earnings of $3.41 per share (versus $2.75 per share in Q1 FY2024), strongly beating analysts’ consensus estimate of $2.98 per share.

The company’s quarterly revenues amounted to $11.699 bln (+17.8% y/y), strongly beating analysts’ consensus estimate of $10.952 bln.

The company also issued guidance for Q2 FY2025, seeing EPS of $2.70-2.90 versus analysts’ consensus estimate of $2.69 and revenues of $10.3-11.2 bln versus analysts’ consensus estimate of $10.34 bln.

QCOM fell to $168.30 (-4.30%) in pre-market trading.