What you should know
- Qualcomm introduced it made $10.4 billion in income throughout the latest quarter.
- Headset gross sales had been up following partnerships with Samsung and Xiaomi to energy their newest telephones.
- Qualcomm will announce its subsequent flagship Snapdragon chipset in September, forward of the final calendar quarter of 2025.
- Xiaomi would be the first Android OEM to launch a tool powered by the upcoming chipset.
Qualcomm introduced its monetary earnings for the third quarter of its fiscal 12 months (or the second quarter of the calendar 12 months). The corporate managed to simply hit double-digit progress with $10.4 billion in income, up 10% from the identical interval final 12 months.
Qualcomm’s QCT division, which consists of its chipset gross sales and makes up the majority of its income, noticed headset gross sales expertise modest progress to $6.32 billion. In the meantime, automotive and IoT noticed bigger 21% and 24% progress, respectively, due to the corporate’s push for AI processing, as famous by Qualcomm CEO Cristiano Amon.
“One other quarter of robust progress in QCT Automotive and IoT revenues additional validates our diversification technique and confidence in attaining our long-term income targets,” stated Amon in a press release on Wednesday.
“Our management in AI processing, high-performance and low-power computing, and superior connectivity positions us to develop into the business platform of selection as AI positive aspects scale on the edge.”
In the course of the name, Amon highlighted its partnership with main Android OEMs similar to Samsung and Xiaomi, with 124 smartphone designs shipped or introduced powered by the Snapdragon 8 Elite chipset earlier this 12 months.
The corporate additionally prolonged its partnership with Xiaomi to energy a number of generations of gadgets for the huge Chinese language market. It famous that Xiaomi will probably be “the primary OEM to launch with our subsequent Snapdragon 8 Elite chip, which comes out over the following couple of months.” This is not an enormous shock, as Xiaomi is commonly among the many first to announce a brand new telephone with the most recent Snapdragon chipset.
Moreover, Amon acknowledged how the present Snapdragon 8 Elite will “set the tempo” for AI efficiency, similar to with Galaxy AI on Samsung telephones.
“For instance, Samsung famous that 70% of Galaxy S25 customers are using Galaxy AI, and utilization of Google Gemini AI has practically tripled amongst S25 customers in comparison with the S24,” he stated in the course of the name. “Trying forward, we anticipate the vary of on-device agentic AI use circumstances will proceed to increase and reshape the cell business.”
Past smartphones, Qualcomm additionally highlighted different gadgets, similar to XR and wearables. The corporate is powering as many as 19 designs for good glasses, and famous how demand for the Meta good glasses has continued to extend as the brand new Oakley HSTN good glasses hit retailer cabinets.
Trying ahead, Qualcomm is making ready to launch its subsequent flagship chipset, tentatively known as the Snapdragon 8 Elite Gen 2, on the finish of September throughout its Snapdragon Summit, and the corporate seems very excited by it, as famous by Akash Palkhiwala, Qualcomm’s chief monetary officer.
“As I discussed in my ready remarks, we will announce our new chip on the finish of September, and we’re already working with a number of OEMs for [the] launch of recent gadgets primarily based on an amazing curiosity in it. And what you’re seeing is absolutely individuals preparing for [the] launch of recent gadgets.”