Qualcomm Q2 FY2025 Earnings

Headline Financials
- GAAP revenue: $11.0 billion, up 17 percent
- Non-GAAP revenue: $10.8 billion, up 15 percent
- GAAP EPS: $2.52, up 22 percent
- Non-GAAP EPS: $2.85, up 17 percent
- GAAP net income: $2.8 billion, up 21 percent
- Non-GAAP net income: $3.2 billion, up 15 percent

Segment Performance
QCT (Qualcomm CDMA Technologies)
- Revenue: $9.5 billion, up 18 percent
- Handsets: $6.9 billion, up 12 percent
- Automotive: $959 million, up 59 percent
- IoT: $1.58 billion, up 27 percent
- EBT: $2.86 billion, up 25 percent
- EBT margin: 30 percent

QTL (Qualcomm Technology Licensing)
- Revenue: $1.32 billion, flat year-over-year
- EBT: $929 million
- EBT margin: 70 percent

Capital Return
- $2.7 billion returned to shareholders
- $938 million in dividends
- $1.7 billion in share repurchases (11 million shares)

Outlook for Q3 FY2025
- Revenue guidance: $9.9 to $10.7 billion
- QCT: $8.7 to $9.3 billion
- QTL: $1.15 to $1.35 billion
- GAAP EPS: $2.14 to $2.34
- Non-GAAP EPS: $2.60 to $2.80