Qualcomm Inc.

Qualcomm Incorporated managed to exceed the revenue expectations as well as the earnings expectations of Wall Street. They reported stellar non-GAAP revenues of $8.7 billion and non-GAAP earnings per share of $2.02. The chipset business contributed significantly, reflecting a stabilized Android handset environment while licensing business revenues stood at $1.3 billion. Under Qualcomm’s management, they have witnessed substantial advancements in technology and product roadmaps, alongside enhanced operational efficiency, during the quarter. As they embrace the era of generative AI, on-device Gen AI progresses in tandem with cloud-based Gen AI, promising novel use cases. In spatial computing, their Snapdragon AR1 platform for smart glasses, developed in collaboration with Meta, highlights their commitment to shaping the future. In networking, Qualcomm maintains global leadership in WiFi solutions, with WiFi 7 gaining traction and collaborations with industry giants like Charter Communications and EE. Recent expansions in the Digital Chassis offering for 2-wheelers and collaborations with Gogoro and Harley-Davidson demonstrate the company’s commitment to advancing technology in diverse vehicle classes. A strategic long-term relationship with Amazon Web Services further solidifies Qualcomm’s role in reshaping software-defined mobility. In the handset arena, Qualcomm unveiled the Snapdragon 8 Gen 3, a premium mobile platform with groundbreaking features, poised to redefine the Gen AI era.