Qualcomm Inc

Latest Results (13.12.2025):

Qualcomm Inc — fourth quarter of fiscal 2025: Qualcomm reported Q4 FY2025 revenue of $11.27 billion (up 10% year‑over‑year) but a GAAP net loss of $3.12 billion (GAAP diluted loss per share $2.89). Non‑GAAP results excluded a $5.7 billion tax‑related valuation allowance and showed Q4 non‑GAAP net income of $3.26 billion and non‑GAAP diluted EPS of $3.00. For the full fiscal year 2025, Qualcomm reported revenue of $44.28 billion (+14% YoY), GAAP EPS $5.01 and non‑GAAP EPS $12.03.

Quarter results

Q4 FY2025 revenues: $11.27B (+10% YoY). GAAP net loss: $(3.12)B; GAAP diluted EPS: $(2.89). Non‑GAAP net income: $3.26B; non‑GAAP diluted EPS: $3.00.

Fiscal year performance

Fiscal 2025 revenues: $44.28B (+14% YoY). GAAP net income for the year: $5.54B (GAAP EPS $5.01). Non‑GAAP net income: $13.30B (non‑GAAP EPS $12.03).

Tax charge impact

A non‑cash $5.7B charge in Q4 (≈$5.29 per share) was recorded to establish a valuation allowance on U.S. federal deferred tax assets due to expected exposure to the corporate alternative minimum tax under the One Big Beautiful Bill Act. That charge drove the Q4 GAAP loss and was excluded from the company’s non‑GAAP metrics.

QCT & QTL segment results

QCT (Qualcomm CDMA Technologies) Q4 revenue: $9.821B (+13% YoY); QCT fiscal 2025 revenue: $38.367B (+16% YoY) — a record for the year. QTL (licensing) Q4 revenue: $1.409B (−7% YoY); QTL fiscal 2025 revenue: $5.582B (flat YoY).

Product / end‑market trends

QCT end markets in Q4: Handsets $6.961B (+14% YoY); Automotive $1.053B (+17% YoY); IoT $1.807B (+7% YoY). Company noted total QCT non‑Apple revenue grew 18% FY‑over‑FY and combined Automotive+IoT grew 27% for FY2025.

Return of capital

Q4 buybacks and dividends: repurchased 16M shares for $2.443B and paid $957M in dividends (Q4 total $3.400B). For fiscal 2025, Qualcomm repurchased 56M shares for $8.791B and paid $3.805B in dividends (total return $12.596B).

Guidance & outlook

Q1 FY2026 guidance: total revenues $11.8B–$12.6B; QCT $10.3B–$10.9B; QTL $1.4B–$1.6B. Non‑GAAP diluted EPS guidance: $3.30–$3.50. Company expects its effective tax rate to generally remain in the 13%–14% range going forward (subject to tax law and other factors).

Balance sheet & cash flow note

Cash and cash equivalents at Sept 28, 2025: $5.52B (total cash + restricted cash $7.843B). Operating cash flow for fiscal 2025: $14.012B; capex: $1.192B. Long‑term debt was $14.811B at year end.