Qualcomm Incorporated (QCOM) reported approximately $6.96 billion in handset revenues for the latest quarter, reflecting a 14% year-over-year increase. The company is projected to achieve about $27.8 billion in fiscal 2025, with handset revenues accounting for roughly 63% of total company revenues. This growth is attributed to rising demand for Snapdragon-powered premium Android smartphones, despite ongoing competition from companies like MediaTek and challenges posed by U.S.-China trade tensions.
In response to competitive pressures and a decline in global smartphone demand, Qualcomm has introduced the Snapdragon 8 Gen 5, which enhances performance and features for flagship devices from brands such as iQOO, Honor, ASUS, OnePlus, and Vivo. The global 5G chipset market is anticipated to grow significantly, reaching $126.4 billion by 2030, which suggests a robust future for Qualcomm in the handset segment.
Additionally, Qualcomm shares have risen 11.1% over the past year, falling short of the industry’s growth of 35.3%. Current earnings estimates for 2025 have increased by 2% to $12.15, while 2026 estimates have also seen a rise of 3.4% to $12.60.
