Wireless chipmaker Qualcomm (NASDAQ: QCOM) will be announcing earnings results tomorrow after the bell. Here’s what you need to know.
Qualcomm beat analysts’ revenue expectations by 6.7% last quarter, reporting revenues of $11.67 billion, up 17.5% year on year. It was an exceptional quarter for the company, with a significant improvement in its inventory levels and an impressive beat of analysts’ EPS estimates.
Is Qualcomm a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Qualcomm’s revenue to grow 13.4% year on year to $10.65 billion, improving from the 1.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.81 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Qualcomm has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.5% on average.
Looking at Qualcomm’s peers in the semiconductors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Intel posted flat year-on-year revenue, beating analysts’ expectations by 2.6%, and Texas Instruments reported revenues up 11.1%, topping estimates by 4.1%. Intel traded down 6.7% following the results while Texas Instruments was up 6.7%.
Read our full analysis of Intel’s results here and Texas Instruments’s results here.
Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the semiconductors stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.1% on average over the last month. Qualcomm is down 4% during the same time and is heading into earnings with an average analyst price target of $187.24 (compared to the current share price of $147.50).
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