Slide 1: First Quarter Fiscal 2025 Earnings
First Quarter Fiscal 2025 Earnings February 5, 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 bu
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: our growth and dive
Slide 3: Q1FY25 Highlights
Q1FY25 Highlights
Slide 4: Q1FY25 Highlights
Q1FY25 Highlights Delivered record revenues and record Non-GAAP(1) EPS(2) Non-GAAP revenues up 18% YoY to $11.7B and Non-GAAP EPS up 24% YoY to $3.41 – both above high end of guidance range.(3) QCT achieved record revenues of $10.1B, including records for Handset and Automotive revenues. QTL f
Slide 5: First Quarter Fiscal 2025 Results
First Quarter Fiscal 2025 Results Record revenues and Non-GAAP EPS Revenues GAAP EPS Non-GAAP EPS $11.7B $2.83 $3.41 QCT QTL OTHER Revenues of EBT(2) of Revenues of Returned Announced our upcoming $10.1B $3.2B ↑25% YoY $1.5B $2.7B 2025 Annual with EBT within guidance Meeting of above high end of to
Slide 6: Q1FY25 Financial Summary
Q1FY25 Financial Summary (in millions, except per share data and percentages) Q1FY25 Q1FY24 YoY ∆ Non-GAAP Revenues $11,669 $9,922 +18% EBT $4,427 $3,585 +23% EPS $3.41 $2.75 +24% QCT Revenues $10,084 $8,423 +20% Handsets $7,574 $6,687 +13% Automotive $961 $598 +61% IoT $1,549 $1,138 +36% EBT $3,246
Slide 7: Financial Results and Guidance
Financial Results and Guidance As of February 5, 2025 Quarterly Results and Guidance Q1FY25 Guidance(1) Q1FY25 Results Q2FY25 Guidance(2) GAAP revenues $10.5B - $11.3B $11.7B $10.3B - $11.2B Non-GAAP revenues N/P $11.7B $10.2B - $11.0B Non-GAAP diluted EPS $2.85 - $3.05 $3.41 $2.70 - $2.90 (3) Non-G
Slide 8: Key Announcements
Key Announcements
Slide 9: Qualcomm and Samsung Bring Snapdragon 8 Elite to Galaxy S25 Series
QCT HANDSETS Key Announcement Qualcomm and Samsung Redefine Premium Performance by Bringing the Most Powerful Mobile Platform to the Galaxy S25 Series Globally – link HIGHLIGHTS The Snapdragon® 8 Elite Mobile Platform for Galaxy Powered by Snapdragon revolutionizes intelligent mobile experiences o
Slide 10: Snapdragon X Series Continues to Redefine the PC Category
QCT AI PC Key Announcement Snapdragon® X Series Continues to Redefine the PC Category with a New Platform, Mini Desktop Form Factors, and NPU Powered AI Experiences – link HIGHLIGHTS Snapdragon X Platform The 4th platform to join the Snapdragon X Series, Snapdragon X, brings AI PC leadership to Co
Slide 11: Qualcomm and Amazon Technology Collaboration for AI in the Car
Q CT AU TO MOT IV E Key Announcement Qualcomm and Amazon Announce Technology Collaboration for Delivering and Redefining AI-powered Experiences in the Car – link HIGHLIGHTS Amazon and Qualcomm Technologies, Inc. announced the companies intend to enter a technology collaboration to enable advanced
Slide 12: Qualcomm Aware Unveils New Services to Drive Connected Intelligence
QCT INDUSTRIAL IOT Key Announcement Qualcomm Aware Unveils New Services to Drive Connected Intelligence Across Industries – link HIGHLIGHTS Customizability Add and consume only the services you need Qualcomm Technologies, Inc. announced the next evolution of the Qualcomm Aware Platform, a cloud-ba
Slide 13: Qualcomm AI On-Prem Appliance Solution
QCT INDUSTRIAL IOT Key Announcement Qualcomm Launches On-Prem AI Appliance Solution and Inference Suite to Step-Up AI Inference Privacy, Flexibility and Costs Savings Across Enterprise and Industrial Verticals – link Qualcomm AI On-Prem HIGHLIGHTS Appliance Solution Designed to address gen AI needs
Slide 14: Qualcomm and Hyundai Mobis to Power Next-Generation ADAS and Digital Cockpit
Q CT AU TO MOT IV E Key Announcement Qualcomm and Hyundai Mobis to Power Next-Generation ADAS and Digital Cockpit Systems – link HIGHLIGHTS Qualcomm Technologies, Inc. and Hyundai Mobis to deliver end-to-end system solution that combines Snapdragon Ride Flex System-on-Chip (SoC) with Hyundai Mobis
Slide 15: Key Announcements
• Qualcomm to Unveil Strategic Vision for IoT and Automotive Growth – link • Qualcomm Sets New Growth Targets, Showcasing Company’s Opportunity as On-Device AI Accelerates Demand for its Technologies – link • Qualcomm Appoints Yasumasa Nakayama as Vice President and President of Qualcomm Japan – lin
Slide 16: Additional Updates
Additional Updates
Slide 17: Qualcomm is well-positioned to benefit from the new cycle of AI innovation
Qualcomm is well-positioned to benefit from the new cycle of AI innovation AI models are developing faster, becoming more capable and efficient, and now able to run directly on-device GLOBAL AI MODEL MAKERS Qualcomm® AI Hub Supporting all major model families in running inference “We’re bringing NPU
Slide 18: Reconciliations
Reconciliations
Slide 19: 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 20: Reconciliations of GAAP to Non-GAAP Financial Measures
Reconciliations of GAAP to Non-GAAP Financial Measures First Quarter Fiscal 2025 Results GAAP Less Share-Based Less Other Non-GAAP (in millions, except per share data) Results Less QSI Compensation Items(1) Results Revenues $11,669 $— $— $— $11,669 EBT $3,635 $19 ($758) ($53) $4,427 Net income (loss
Slide 21: Business Outlook
Business Outlook Q1FY25 Q2FY25 Guidance(1) Guidance(2) GAAP Revenues $10.5B - $11.3B $10.3B - $11.2B Less revenues attributable other items(3) N/P $0.1B - $0.2B Non-GAAP Revenues N/P $10.2B - $11.0B GAAP diluted EPS $2.39 - $2.59 $2.38 - $2.58 Less diluted EPS attributable to QSI $— $— Less diluted
Slide 22: Operating Expenses and Effective Tax Rates
Operating Expenses Q1FY25 Q1FY25 Q2FY25 (in millions) Guidance(1) Results Guidance(2) GAAP combined R&D and SG&A expenses ~$2,950 $2,953 ~$2,950 Less QSI N/P $3 N/P Less share-based compensation N/P $733 N/P Less other items(3) N/P $33 N/P Non-GAAP operating expenses (Non-GAAP combined R&D and SG&A