QCOM reports Q3 adjusted earnings of $2.21 per share, exceeding estimates, with revenue reaching $9.95B.
Qualcomm posted Q3 adjusted earnings of $2.21 per share, matching estimates but surpassing the prior quarter’s $1.87. Adjusted revenue rose to $9.95 billion, slightly above the $9.62 billion forecast, driven by stronger demand in China OEM handsets.
The company’s 9M capital expenditure reached $1.58 billion, reflecting ongoing investments in technology and supply chain resilience. Q3 marked a bottom for China OEM handset revenue, signaling potential stabilization in a key market.
Qualcomm guided Q4 adjusted EPS between $2.05 and $2.25, below the $2.35 estimate, while revenue is projected at $9.7 billion to $10.5 billion, aligning with expectations of $9.95 billion.