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Qualcomm Rides Automotive and IoT Growth to Record Revenue

Qualcomm Rides Automotive and IoT Growth to Record Revenue

Author:

Global Cryptocurrency

Published:

2026-02-05 07:53:02

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BTCCSquare news:

Qualcomm (QCOM) shares gained as fiscal Q1 results beat expectations, with record $12.3B revenue showcasing its pivot beyond smartphones. The 15% automotive revenue surge—driven by Snapdragon Digital Chassis adoption—and IoT expansion demonstrate successful diversification.

Investors rewarded the strategic shift with a 5% year-over-year revenue increase. $3.6B returned to shareholders through buybacks and dividends underscores financial discipline, though memory supply constraints and geopolitical risks linger as headwinds.

Guidance suggests continued momentum: Q2 revenue projected at $10.2B–$11B with EPS of $2.45–$2.60. The earnings call highlighted design wins in connected vehicles and edge AI as key growth catalysts moving forward.

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