Qualcomm Incorporated (QCOM) has been selected by Samsung to provide the Snapdragon 8 Elite Mobile Platform for its upcoming Galaxy Z Fold7 devices. This advanced chipset features an Oryon CPU and Qualcomm’s Hexagon NPU, enhancing AI capabilities, camera functions, and gaming experiences. The Snapdragon 8 Elite is also employed in Samsung’s flagship S25 series, following its successful traction among other manufacturers like Xiaomi and ASUS.
In the first quarter, Qualcomm’s CDMA Technologies (QCT) segment recorded a revenue of $9.47 billion, up from $8.03 billion in the same period last year. Handset revenue is projected to reach $27.7 billion in 2025, indicating an 11.3% year-over-year growth. However, Qualcomm faces intensified competition from low-cost chipmakers such as MediaTek and in-house chip development by long-term client Apple Inc., which has transitioned to its M4 Ultra chips.
Despite these challenges, Qualcomm’s stock has gone down 20.2% over the past year, lagging behind the industry’s 18.1% growth. The current P/E ratio stands at 13.51, below the industry average of 33.07. Earnings estimates for 2025 have decreased slightly to $11.71 per share, while estimates for 2026 have dropped to $11.82, reflecting market pressures.
