HighGravityDataQualcomm — Feb 5, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000804328-25-000010
Showing in the filing
Targets to achieve non-handset revenues
“$22 billion”
Period
FY2029
Measure
GAAP-tied
Source
Prose
All guidance in this release · 11
Non-handset revenues for FY2029
“$22 billion”
Targets to achieve non-handset revenues for FY2029
“$22 billion”
GAAP Revenues for Q2 FY2025
“$10.3B - $11.2B”
Less revenues attributable to other items for Q2 FY2025
“$0.1B - $0.2B”
Non-GAAP Revenues for Q2 FY2025
“$10.2B - $11.0B”
QCT revenues for Q2 FY2025
“$8.9B - $9.5B”
QTL revenues for Q2 FY2025
“$1.25B - $1.45B”
GAAP diluted EPS for Q2 FY2025
“$2.38 - $2.58”
Less diluted EPS attributable to share-based… for Q2 FY2025
“($0.52)”
Less diluted EPS attributable to other items for Q2 FY2025
“$0.20”
Non-GAAP diluted EPS for Q2 FY2025
“$2.70 - $2.90”
Exhibit 99.1 · the passage around this item
… earlier in the release
“We are very pleased to have achieved quarterly revenue records, which reflect the strength of our technology, product roadmap and end-customer demand,” said Cristiano Amon, CEO of Qualcomm Incorporated. “We are delivering growth across our diversification initiatives and remain committed to executing on our fiscal 2029 targets to achieve $22 billion of non-handset revenues.” First Quarter Results 1 GAAP Non-GAAP (in millions, except per share data and percentages) Q1 Fiscal 2025 Q1 Fiscal 2024 Change Q1 Fiscal 2025 Q1 Fiscal 2024 Change Revenues $11,669 $9,935 +17% $11,669 $9,922 +18% Earnings before taxes (EBT) $3,635 $2,962 +23% $4,427 $3,585 +23% Net income $3,180 $2,767 +15% $3,830 $3,101 +24% Diluted earnings per share (EPS) $2.83 $2.46 +15% $3.41 $2.75 +24% (1) Discussion regarding our use of Non-GAAP financial measures and reconciliations between GAAP and Non-GAAP results are included at the end of this news release in the sections labeled “Note Regarding Use of Non-GAAP Financial Measures” and “Reconciliations of GAAP Results to Non-GAAP Results.” Segment Results QCT QTL (in millions, except percentages) Q1 Fiscal 2025 Q1 Fiscal 2024 Change Q1 Fiscal 2025 Q1 Fiscal 2024 Change Revenues $10,084 $8,423 +20% $1,535 $1,460 +5% EBT $3,246 $2,593 +25% $1,158 $1,080 +7% EBT as % of revenues 32% 31% +1 point 75% 74% +1 point Qualcomm Announces First Quarter Fiscal 2025 Results Page 2 of 8 QCT Revenue Streams 1 (in millions, except percentages) Q1 Fiscal 2025 Q1 Fiscal 2024 Change Handsets $7,574 $6,687 +13% Automotive 961 598
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.