Slide 1: Third Quarter Fiscal 2025 Earnings
Third Quarter Fiscal 2025 Earnings July 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 busin
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: Q3FY25 Highlights
Q3FY25 Highlights
Slide 4: Q3FY25 Highlights
Q3FY25 Highlights Delivered strong revenues and Non-GAAP(1) EPS(2) Revenues up 10% YoY to $10.4B and Non-GAAP EPS up 19% YoY to $2.77. QCT revenues up 11% YoY to $9.0B and EBT up 22% to $2.7B, driven by strength across Handsets, IoT, and Automotive. Combined QCT Automotive and IoT revenues up
Slide 5: Third Quarter Fiscal 2025 Results
Third Quarter Fiscal 2025 Results Revenues GAAP EPS Non-GAAP EPS $10.4B $2.43 $2.77 QCT QTL OTHER Revenues of EBT(2) of Revenues of Returned $9.0B $2.7B ↑22% YoY $1.3B $3.8B at midpoint of guidance with EBT above midpoint of guidance to stockholders including range(1) margin of range 30% $2.8B $2.7B
Slide 6: Q3FY25 Financial Summary
Q3FY25 Financial Summary (in millions, except per share data and percentages) Q3FY25 Q3FY24 YoY ∆ Non-GAAP Revenues $10,365 $9,391 +10% EBT $3,544 $3,034 +17% EPS $2.77 $2.33 +19% QCT Revenues $8,993 $8,069 +11% Handsets $6,328 $5,899 +7% Automotive $984 $811 +21% IoT $1,681 $1,359 +24% EBT $2,671 $
Slide 7: Financial Results and Guidance
Financial Results and Guidance As of July 30, 2025 Quarterly Results and Guidance Q3FY25 Guidance(1) Q3FY25 Results Q4FY25 Guidance(2) Revenues $9.9B - $10.7B $10.4B $10.3B - $11.1B Non-GAAP diluted EPS $2.60 - $2.80 $2.77 $2.75 - $2.95 (3) Non-GAAP operating expenses ~$2.25B $2.25B ~$2.35B GAAP int
Slide 8: Snapdragon Ride ADAS/AD Platform
Snapdragon RideTM ADAS/AD Platform 20+ global OEM programs, most launching in the next 18 months New ISO safety-certified ADAS stack jointly developed with BMW to launch globally this year Supports various highway and urban navigation functions Portfolio of power-efficient SoCs and scalable software
Slide 9: Building the Go-to-Market Channel for Industrial and Embedded IoT
Building the Go-to-Market Channel for Industrial and Embedded IoT Broad technology and product roadmap enabling vertical blueprints for industries including Retail, Home and Life, Mining, Oil and Gas, Energy and Utilities, Public Safety, Robotics and Drones SAAS OFFERINGS & Scene detect Public safet
Slide 10: Key Announcements
Key Announcements
Slide 11: Qualcomm and Xiaomi Expand Collaboration with Multi-Year Agreement
QCT HANDSETS Key Announcement Qualcomm and Xiaomi Expand Collaboration with Multi-Year Agreement – link HIGHLIGHTS Qualcomm Technologies and Xiaomi extended their collaboration with a multi-year agreement to lead innovation with premium smartphones. Xiaomi’s premium smartphones will continue to
Slide 12: The Most Powerful Snapdragon Processor, Customized for Galaxy
QCT HANDSETS Key Announcement The Most Powerful Snapdragon Mobile Platform Fuels Samsung Galaxy Z Fold7 Globally – link HIGHLIGHTS Qualcomm Technologies and Samsung announced that the Galaxy Z Fold7 is powered by the Snapdragon® 8 Elite for Galaxy globally, joining the S25 series. Snapdragon 8 E
Slide 13: Qualcomm and Advantech Collaborate to Accelerate Edge AI Innovation for IoT
QCT INDUSTRIAL IOT Key Announcement Qualcomm and Advantech Collaborate to Accelerate Edge AI Innovation for IoT – link HIGHLIGHTS At COMPUTEX 2025, Qualcomm Technologies announced a collaboration with Advantech to advance AI-driven IoT applications. Through this collaboration, Advantech is posit
Slide 14: Qualcomm to Acquire Alphawave Semi
A I D ATA C E N T E R S Key Announcement Qualcomm to Acquire Alphawave Semi – link HIGHLIGHTS Qualcomm announced that it has reached an agreement to acquire Alphawave at an implied enterprise value of ~$2.4B. Alphawave’s high-speed wired connectivity and compute technologies complement Qualcomm’
Slide 15: A World's First On-Glass GenAI Demonstration
WEARABLE AI Key Announcement A World’s First On-Glass GenAI Demonstration: Qualcomm’s Vision for the Future of Smart Glasses – link HIGHLIGHTS WORLD’S MOST Qualcomm Technologies has unveiled the Snapdragon AR1+ ADVANCED SOLUTION Gen 1, a compact and power-efficient chipset designed to power FOR AI
Slide 16: Key Announcements
• Qualcomm President and CEO Cristiano Amon to Deliver Keynote Speech at COMPUTEX 2025, Revealing the Heart of the New PC Era – link • Qualcomm’s Board of Directors Appoints Christopher Young to Board – link • Qualcomm and HUMAIN to Develop State-of-the-Art AI Data Centers to Deliver Cloud-to-Edge H
Slide 17: Reconciliations
Reconciliations
Slide 18: 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 19: Reconciliations of GAAP to Non-GAAP Financial Measures
Reconciliations of GAAP to Non-GAAP Financial Measures Third 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 $10,365 $— $— $— $10,365 EBT $2,952 $149 ($659) ($82) $3,544 Net income (lo
Slide 20: Business Outlook Additional FY25 Guidance
Business Outlook Q3FY25 Q4FY25 Guidance(1) Guidance(2) Revenues $9.9B - $10.7B $10.3B - $11.1B GAAP diluted EPS $2.14 - $2.34 $2.23 - $2.43 Less diluted EPS attributable to QSI $— $— Less diluted EPS attributable to share-based compensation ($0.50) ($0.53) Less diluted EPS attributable to other item
Slide 21: Operating Expenses Effective Tax Rates
Operating Expenses Q3FY25 Q3FY25 Q4FY25 (in millions) Guidance(1) Results Guidance(2) GAAP combined R&D and SG&A expenses ~$2,900 $2,997 ~$3,050 Less QSI N/P $3 N/P Less share-based compensation N/P $639 N/P Less other items(3) N/P $107 N/P Non-GAAP operating expenses (Non-GAAP combined R&D and SG&A
Slide 22: 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