Qualcomm, Inc. (NASDAQ: QCOM), a leading manufacturer and supplier of digital wireless communication products, on Wednesday reported higher fourth-quarter revenue and adjusted earnings. The results topped expectations.
Revenues increased to $11.27 billion in the fourth quarter from $10.24 billion in Q4 2024, exceeding estimates. Revenue from the CDMA Technologies division grew 13%, while Technology Licensing revenue declined 7% YoY.
On a reported basis, the company posted a net loss of $3.12 billion or $2.89 per share for Q4, compared to net income of $2.92 billion or $2.59 per share in the corresponding quarter of FY24. Adjusted profit increased to $3.0 per share in the September quarter from $2.69 per share last year.
“We delivered 18% year-over-year growth in total QCT non-Apple revenues, with combined fiscal year Automotive and IoT revenue growth of 27%. We are excited about our business momentum, the availability of our automated driving stack, and our expansion to data centers and advanced robotics,” said Cristiano Amon, CEO of Qualcomm.
The post Qualcomm (QCOM) Q4 adj. earnings rise on higher revenues, beat estimates first appeared on AlphaStreet.
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