Qualcomm has reported revenue of $10.37 billion for its fiscal third quarter ended June 29, 2025, marking a 10 percent year-on-year increase, driven by significant gains in automotive and IoT segments.
The Handsets unit posted $6.33 billion in revenue, up 7 percent, while Automotive rose 21 percent to $984 million and IoT climbed 24 percent to $1.68 billion.
The licensing business (QTL) also registered modest growth of 4 percent to reach $1.32 billion.
Qualcomm’s performance reflects its focused strategy on edge AI, low-power computing, and connectivity leadership, with President and CEO Cristiano Amon affirming the company’s long-term revenue ambitions.
Recent client wins and partnerships reinforce Qualcomm’s position in key growth sectors. A multi-year agreement with Xiaomi will see Snapdragon 8-series platforms powering successive generations of its flagship smartphones globally, with volumes increasing over time.
In automotive, BMW’s upcoming Neue Klasse vehicles will integrate Qualcomm’s ISO safety-certified Snapdragon Ride platform and jointly developed Driving Stack.
In AR/VR, the company demonstrated a 1 billion parameter AI model running on smart glasses powered by its next-gen Snapdragon AR Gen 1 platform, already featured in Meta’s Oakley and Ray-Ban glasses.
Qualcomm continues to strengthen its AI and IoT ecosystem. A collaboration with Advantech aims to scale intelligent edge applications, while recent acquisitions of Edge Impulse and FocusAI enhance AI developer tools across IoT solutions.
In the PC space, multiple devices using Snapdragon X Series platforms launched from top OEMs including Acer, Dell, HP, Lenovo, Microsoft, and Samsung, with over 100 designs expected to commercialize by 2026.
Qualcomm also announced an agreement to acquire Alphawave, a specialist in high-speed connectivity for AI and data infrastructure, further expanding its presence in the data center market. The Alphawave deal, with an enterprise value of ~$2.4 billion, is set to close in early 2026, subject to regulatory approvals.
