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Chip designer Qualcomm (QCOM) recently delivered stronger-than-expected first-quarter financials for its fiscal 2025. The semiconductor company delivered revenue of $11.67 billion, up about 18% year-over-year. Moreover, it surpassed the Street’s forecast of $10.94 billion. The company’s adjusted earnings of $3.41 per share jumped about 24% year-over-year and came ahead of analysts’ estimate of $2.17.
Despite these strong Q1 figures and optimistic Q2 projections, Qualcomm’s stock came under pressure. The company anticipates its licensing business may remain flat or experience a slight increase in the low single digits year-over-year. This cautious outlook is primarily attributed to the expiration of Qualcomm’s agreement with Huawei Technologies.
