Qualcomm reported stronger-than-expected quarterly profits and sales, driven by surging demand for its AI-powered chips used in smartphones, laptops, and other devices. The company also secured a major deal with Samsung Electronics and is expanding into new markets like PCs and automobiles.
on Wednesday forecast sales and profits above analyst expectations as artificial intelligence features helped fuel demand for smartphones, laptops and other devices powered by its chips.
After the results, Qualcomm shares sank in choppy trade and were last down 2.4%. Investors have been looking for increasing payoffs from AI, and the chipmaker’s stock price has rallied 14% so far in 2025, outperforming a gain of about 3% in the S&P 500. At the midpoints of the ranges, Qualcomm forecast second-quarter revenues of $9.2 billion for its chip business and $1.35 billion for patent licensing. Wall Street had expected $8.90 billion for chips and $1.43 billion for patent licensing, according to LSEG data.
QUALCOMM AI SMARTPHONES LAPTOPS SALES PROFITS
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