Slide 1: Second Quarter Fiscal 2025 Earnings
Second Quarter Fiscal 2025 Earnings April 30, 2025 Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. References in this presentation to “Qualcomm” may mean Qualcomm Incorporated, Qualcomm Technologies, Inc., and/or other subsidiaries or bus
Slide 2: Note Regarding Forward-Looking Statements
Note Regarding Forward-Looking Statements In addition to historical information, this document and the conference call that it accompanies contain forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to statements regarding: the macroeconomic a
Slide 3: Q2FY25 Highlights
Q2FY25 Highlights
Slide 4: Q2FY25 Highlights
Q2FY25 Highlights Delivered strong revenues and Non-GAAP(1) EPS(2) Non-GAAP revenues up 15% YoY to $10.8B and Non-GAAP EPS up 17% YoY to $2.85. QCT revenues up 18% YoY to $9.5B, on strength across Handsets, IoT, and Automotive. Increasing target for total return of capital to stockholders to 1
Slide 5: Second Quarter Fiscal 2025 Results
Second Quarter Fiscal 2025 Results Non-GAAP Revenues GAAP EPS Non-GAAP EPS $10.8B $2.52 $2.85 QCT QTL OTHER Revenues of EBT(2) of Revenues of Returned Increased annualized $9.5B $2.9B ↑25% YoY $1.3B $2.7B dividend payout to at high end of with EBT within guidance to stockholders $3.56 ↑$0.16 vs. pri
Slide 6: Q2FY25 Financial Summary
Q2FY25 Financial Summary (in millions, except per share data and percentages) Q2FY25 Q2FY24 YoY ∆ Non-GAAP Revenues $10,836 $9,386 +15% EBT $3,694 $3,175 +16% EPS $2.85 $2.44 +17% QCT Revenues $9,469 $8,026 +18% Handsets $6,929 $6,180 +12% Automotive $959 $603 +59% IoT $1,581 $1,243 +27% EBT $2,857
Slide 7: Financial Results and Guidance
Financial Results and Guidance As of April 30, 2025 Quarterly Results and Guidance Q2FY25 Guidance(1) Q2FY25 Results Q3FY25 Guidance(2) GAAP revenues $10.3B - $11.2B $11.0B $9.9B - $10.7B Non-GAAP revenues $10.2B - $11.0B $10.8B $9.9B - $10.7B Non-GAAP diluted EPS $2.70 - $2.90 $2.85 $2.60 - $2.80 (
Slide 8: Key Announcements
Key Announcements
Slide 9: Introducing Qualcomm X85 Modem-RF
QCT MODEM-RF Key Announcement Introducing Qualcomm X85, the World’s Leading Modem-RF for Unprecedented 5G Speeds and Intelligence – link HIGHLIGHTS AI-powered 5G Advanced across devices Pushing the boundaries of 5G innovation, Qualcomm® X85 5G Modem-RF with the integrated Qualcomm® 5G AI Processor
Slide 10: Qualcomm to Bolster AI and IoT Capabilities with Edge Impulse Acquisition
QCT INDUSTRIAL IOT Key Announcement Qualcomm to Bolster AI and IoT Capabilities with Edge Impulse Acquisition – link HIGHLIGHTS Qualcomm Technologies announced an agreement to acquire | Edge Impulse Inc. to enhance its offering for developers and expand its leadership in AI capabilities to power A
Slide 11: Qualcomm Dragonwing Fixed Wireless Access Gen 4 Elite
QCT EDGE NETWORKING Key Announcement Qualcomm Redefines Mobile Broadband with the Launch of the Qualcomm Dragonwing Fixed Wireless Access Gen 4 Elite – link HIGHLIGHTS The Qualcomm Dragonwing Fixed Wireless Access (FWA) Gen 4 Elite Platform, powered by the Qualcomm X85 5G Modem-RF, is the world’s
Slide 12: Qualcomm and IBM Scale Enterprise-grade Generative AI
Q UALCOMM AI LE ADERSHIP Key Announcement Qualcomm and IBM Scale Enterprise-grade Generative AI from Edge to Cloud – link HIGHLIGHTS Qualcomm and IBM announced expanded collaboration to drive enterprise-ready generative AI solutions across cloud and edge devices. Qualcomm plans to integrate IBM
Slide 13: Qualcomm and Palantir Extend AI and Ontology Capabilities to the Edge
QCT INDUSTRIAL IOT Key Announcement Qualcomm and Palantir Work to Extend AI and Ontology Capabilities to the Edge, Enhancing Data-Driven Decision-Making for Customers for Industrial IoT – link HIGHLIGHTS Qualcomm and Palantir are collaborating to run Palantir's Ontology and AI capabilities on Qual
Slide 14: Key Announcements
• Qorix and Qualcomm Cooperate to Drive the Future of Software-Defined Vehicles – link • Remarkable Performance and Enhanced Gaming Experiences: Qualcomm Introduces the Snapdragon 6 Gen 4 Mobile Platform – link • Qualcomm and IBM Scale Enterprise-grade Generative AI from Edge to Cloud – link • Qualc
Slide 15: Reconciliations
Reconciliations
Slide 16: Note Regarding Use of Non-GAAP Financial Measures
Note Regarding Use of Non-GAAP Financial Measures The Non-GAAP financial measures presented herein should be considered in addition to, not as a substitute for or superior to, financial measures calculated in accordance with GAAP. In addition, “Non-GAAP” is not a term defined by GAAP, and as a resul
Slide 17: Reconciliations of GAAP to Non-GAAP Financial Measures
Reconciliations of GAAP to Non-GAAP Financial Measures Second Quarter Fiscal 2025 Results Less Share- GAAP Based Less Other Non-GAAP (in millions, except per share data) Results Less QSI Compensation Items(1) Results Revenues $10,979 $— $— $143 $10,836 EBT $3,105 $10 ($703) $104 $3,694 Net income (l
Slide 18: Business Outlook
Business Outlook Q2FY25 Q3FY25 Guidance(1) Guidance(2) GAAP Revenues $10.3B - $11.2B $9.9B - $10.7B Less revenues attributable other items $0.1B - $0.2B $— Non-GAAP Revenues $10.2B - $11.0B $9.9B - $10.7B GAAP diluted EPS $2.38 - $2.58 $2.14 - $2.34 Less diluted EPS attributable to QSI $— $— Less di
Slide 19: Operating Expenses and Effective Tax Rates
Operating Expenses Q2FY25 Q2FY25 Q3FY25 (in millions) Guidance(1) Results Guidance(2) GAAP combined R&D and SG&A expenses ~$2,950 $2,922 ~$2,900 Less QSI N/P $3 N/P Less share-based compensation N/P $680 N/P Less other items(3) N/P ($31) N/P Non-GAAP operating expenses (Non-GAAP combined R&D and SG&
Slide 20: Capital Return of Our Free Cash Flow to Stockholders
Capital Return of Our Free Cash Flow to Stockholders FY25 Estimates(1) Total return of capital to stockholders(2) as a percentage of net cash provided by operating activities (GAAP) ~90% Impact from capital expenditures N/P Total return of capital to stockholders as a percentage of free cash flow (N