Qualcomm reported record revenues of $11.7 billion for Q1 fiscal 2025, a 17% increase from the previous year. GAAP EPS was $2.83, while non-GAAP EPS reached a record $3.41. QCT revenues surpassed $10 billion, with record results in handsets and automotive. QCT handsets grew 13%, automotive rose 61%, and IoT increased 36%. Qualcomm returned $2.7 billion to stockholders through dividends and share repurchases. CEO Cristiano Amon highlighted strong technology and demand, reaffirming the company’s goal of reaching $22 billion in non-handset revenues by fiscal 2029.