Slide 1: Fourth Quarter and Fiscal 2025 Earnings
Fourth Quarter and Fiscal 2025 Earnings November 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
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: Q4 and FY25 Highlights
Q4 and FY25 Highlights
Slide 4: Q4FY25 Highlights
Q4FY25 Highlights Delivered strong results with revenues and Non-GAAP (1) EPS(2) exceeding high end of guidance range Revenues up 10% YoY to $11.3B and Non-GAAP EPS up 12% YoY to $3.00. QCT revenues up 13% YoY to $9.8B and EBT up 17% YoY to $2.9B, driven by strength across Handsets, IoT and Auto
Slide 5: Fourth Quarter Fiscal 2025 Results
Fourth Quarter Fiscal 2025 Results Revenues and Non-GAAP EPS Exceeded the High End of Guidance Range Revenues Non-GAAP EPS $11.3B $3.00 QCT QTL RESULTS (3) Revenues of EBT(2) of Revenues of GAAP EPS of $9.8B $2.9B ↑17% YoY $1.4B ($2.89) above high end of with EBT above midpoint of guidance range(1)
Slide 6: U.S. Tax Legislation
U.S. Tax Legislation SUMMARY With the enactment of recent U.S. tax legislation in the One Big Beautiful Bill Act, we expect our effective tax rate to generally remain in the range of 13%-14% and anticipate lower cash tax payments in future periods. This legislation resulted in a $5.7B non-cash c
Slide 7: Q4FY25 Financial Summary
Q4FY25 Financial Summary (in millions, except per share data and percentages) Q4FY25 Q4FY24 YoY ∆ Non-GAAP Revenues $11,270 $10,244 +10% EBT $3,792 $3,491 +9% EPS $3.00 $2.69 +12% QCT Revenues $9,821 $8,678 +13% Handsets $6,961 $6,096 +14% Automotive $1,053 $899 +17% IoT $1,807 $1,683 +7% EBT $2,896
Slide 8: FY25 Financial Summary
FY25 Financial Summary (in millions, except per share data and percentages) FY25 FY24 YoY ∆ Non-GAAP Revenues $44,141 $38,944 +13% EBT $15,458 $13,287 +16% EPS $12.03 $10.22 +18% QCT Revenues $38,367 $33,196 +16% Handsets $27,793 $24,863 +12% Automotive $3,957 $2,910 +36% IoT $6,617 $5,423 +22% EBT
Slide 9: Financial Results and Guidance
Financial Results and Guidance As of November 5, 2025 Quarterly Results and Guidance Q4FY25 Guidance(1) Q4FY25 Results Q1FY26 Guidance(2) Revenues $10.3B - $11.1B $11.3B $11.8B - $12.6B Non-GAAP diluted EPS $2.75 - $2.95 $3.00 $3.30 - $3.50 (3) Non-GAAP operating expenses ~$2.35B $2.51B ~$2.45B GAAP
Slide 10: QCT Revenue – Historical Growth Trends
QCT Revenue – Historical Growth Trends FY25 CAGRs Non-Apple(1) Automotive and IoT 1-Year +18% +27% 2-Year +17% +16% 5-Year +15% +23% Strong double-digit QCT non-Apple growth over the last 5 years 1. Includes revenues from products sold for use in mobile handsets, automobiles and IoT, exclusive of Ap
Slide 11: Investor Day Target Update: $22B Revenue for Automotive/IoT in FY29
Investor Day Target Update: $22B Revenue for Automotive/ IoT in FY29(1) Investor Day Target Update Implied CAGR FY29 Target(1) FY24 – FY29 FY24 – FY25 Progress to-date Accelerating adoption of our Snapdragon® Digital Chassis platforms, Automotive $8B 22% 36% the launch of our Snapdragon Ride Pilot s
Slide 12: Incremental Growth Opportunities: Beyond Investor Day
Incremental Growth Opportunities: Beyond Investor Day Investor Day FY29 Targets Incremental Opportunities Automotive PC XR Industrial Other Data center Robotics Best-in-class High-performance, Leading edge connectivity low-power computing intelligence One Technology Roadmap 12
Slide 13: Key Announcements
Key Announcements
Slide 14: Snapdragon 8 Elite Gen 5
QCT HANDSETS Key Announcement Snapdragon 8 Elite Gen 5, the World’s Fastest Mobile System-on-a-chip, Establishes New Consumer Experiences and Sets New Industry Benchmarks - link Gaming & GPU On-Device Agentic AI Connectivity World’s most advanced AI-powered 23% 25% Up to Up to 5G modem GPU performan
Slide 15: Snapdragon X2 Elite Extreme
QCT AI PC Key Announcement New Snapdragon X2 Elite Extreme and Snapdragon X2 Elite are the Fastest and Most Efficient Processors for Windows PCs – link Best-in-class CPU Scaling form World’s fastest 3rd Gen Qualcomm Oryon CPU factors NPU for laptops 3nm Process Node Powering quiet, cool, Up to 18-co
Slide 16: Qualcomm and BMW Group Unveil Automated Driving System
Q CT AU TO MOT IV E Key Announcement Qualcomm and BMW Group Unveil Groundbreaking Automated Driving System with Jointly Developed Software Stack- link HIGHLIGHTS AI-enabled Snapdragon Ride Pilot Automated Driving Co-developed ADAS System System, powered by Snapdragon Ride system-on-chips and Drive
Slide 17: Qualcomm Acquired Arduino
QCT INDUSTRIAL IOT Key Announcement Qualcomm Acquired Arduino—Accelerating Developers’ Access to its Leading Edge Computing and AI – link HIGHLIGHTS Qualcomm Technologies acquired Arduino, accelerating developer access to Qualcomm’s unmatched portfolio of edge technologies and products. Followin
Slide 18: Qualcomm Unveils AI200 and AI250
A I D ATA C E N T E R S A N D H Y B R ID A I Key Announcement Qualcomm Unveils AI200 and AI250—Redefining Rack-Scale Data Center Inference Performance for the AI Era – link HIGHLIGHTS Rack-scale performance. Qualcomm AI200 and AI250 solutions deliver rack-scale Low total cost of ownership. perform
Slide 19: HUMAIN and Qualcomm to deploy AI Infrastructure in Saudi Arabia
A I D ATA C E N T E R S A N D H Y B R ID A I Key Announcement HUMAIN and Qualcomm to deploy AI Infrastructure in Saudi Arabia For Global Inferencing– link HIGHLIGHTS HUMAIN and Qualcomm Technologies announced a transformative collaboration to deploy advanced AI infrastructure in Saudi Arabia, offe
Slide 20: Key Announcements
• Next Generation Snapdragon W5+ and W5 Platforms: The World’s First Wearable Platforms with NB-NTN Satellite Support – link • Qualcomm Launches World’s First Enterprise Mobile Processor with Fully Integrated RFID Capabilities – link • Qualcomm’s Board of Directors Appoints Jeremy (Zico) Kolter to B
Slide 21: Reconciliations
Reconciliations
Slide 22: 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 23: Reconciliations of GAAP to Non-GAAP Financial Measures
Reconciliations of GAAP to Non-GAAP Financial Measures Fourth 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 $11,270 $— $— $— $11,270 EBT $2,971 $2 ($663) ($160) $3,792 Net (loss) inc
Slide 24: Fiscal 2025 Results Fiscal 2024 Results
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 $44,284 $— $— $143 $44,141 EBT $12,663 $180 ($2,783) ($192) $15,458 Net income (loss) $5,541 $142 ($2,167) ($5,732) $13,298 Diluted EPS $5.01 $0
Slide 25: Business Outlook
Business Outlook Q4FY25 Q1FY26 Guidance(1) Guidance(2) Revenues $10.3B - $11.1B $11.8B - $12.6B GAAP diluted EPS $2.23 - $2.43 $2.55 - $2.75 Less diluted EPS attributable to QSI $— $— Less diluted EPS attributable to share-based compensation ($0.53) ($0.68) Less diluted EPS attributable to other ite
Slide 26: Operating Expenses and Effective Tax Rates
Operating Expenses Q4FY25 Q4FY25 Q1FY26 (in millions) Guidance(1) Results Guidance(2) GAAP combined R&D and SG&A expenses ~$3,050 $3,280 ~$3,300 Less QSI N/P $5 N/P Less share-based compensation N/P $643 N/P Less other items(3) N/P $118 N/P Non-GAAP operating expenses (Non-GAAP combined R&D and SG&A
Slide 27: Free Cash Flow and Return of Our Free Cash Flow to Stockholders
Free Cash Flow and Return of Our Free Cash Flow to Stockholders (in millions, except percentages) FY25 Operating cash flow (GAAP net cash provided by operating activities) $14,012 Less capital expenditures $1,192 Free cash flow (Non-GAAP) $12,820 Cash paid to repurchase shares of our common stock $8
Slide 28: EBITDA and Adjusted EBITDA
EBITDA and Adjusted EBITDA (in millions) FY25 Net income $5,541 Plus income tax expense $7,122 Plus depreciation and amortization $1,602 Plus interest expense $664 Less investment and other income, net $972 EBITDA $13,957 Adjustments Less QSI operating loss(1) ($13) Less share-based compensation ope