Live: Qualcomm (QCOM) Reports Earnings After The Bell Tonight

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Watch Out for Fed Volatility

12:36 pm
by Eric Bleeker

Jerome Powell is holding a press conference at 2:30 to discuss the Federal Open Market Committee’s July interest-rate decision.

Betting markets are placing a 99% chance that the Fed will leave rates unchanged, but commentary from Powell and other details will be important. There’s a chance that multiple Fed governors will vote against keeping rates locked.

The big picture: even without a rate cut, there could be significant volatility late in the trading day. If Qualcomm shares are moving, it’s likely unrelated to traders making earnings bets and more related to big money movements after Powell’s press conference.

What Wall Street Expects from Qualcomm When They Report Today

11:45 am
by Eric Bleeker

Earlier, we looked back at Qualcomm’s first-quarter earnings and why they disappointed (primarily weak guidance). Let’s take a look at the key figures to watch for when Qualcomm reports tonight.

Wall Street Consensus For Qualcomm’s Q2 Earnings

• Revenue: $10.35 billion
• Adjusted EPS: $2.71 billion
• Free Cash Flow: $3.4 billion

As we detailed earlier, Qualcomm fell last quarter mostly because of its guidance. With that being said, you’ll want to know what Wall Street expects the company to guide to in Q3:

Wall Street Consensus For Qualcomm’s Q3 Guidance

• Revenue: $10.61 billion
• Adjusted EPS: $2.28 billion

 

Qualcomm (Nasdaq: QCOM) reports earnings after the market closes today. The company has declined 9% across the year compared to 7.6% gains for the iShares Semiconductor ETF (Nasdaq: SOXX). 

Across the past five years, shares are up 53.5% while the SOXX is up 154%. The point being: it’s been a long streak of underperformance for Qualcomm. Yet, earnings present an opportunity for the company to turn its story around. 

We’ll be updating this live blog throughout the trading day and then posting live news & analysis immediately after Qualcomm’s earnings hit. If you want to know why Qualcomm’s share price is either soaring or falling tonight, all you have to do is leave this page open in a browser tab and new updates will post automatically as we post them. 

With that said, let’s look back at Qualcomm’s first-quarter earnings. 

What Qualcomm Reported in the First Quarter

Qualcomm reported its first-quarter earnings on April 30th and investors weren’t pleased; the stock plunged the next day. Yet, even after the sharp decline after last quarter’s earnings Qualcomm has rebounded enough in recent months that shares are up about 9% from where they traded at market close on April 30. 

Here’s what Qualcomm last reported that led to an extreme sell-off the next day:

• After market close on April 30th, Qualcomm reported financial results for the second quarter of fiscal year 2025, ending March 30, 2025.
• The company achieved GAAP revenues of $11.0 billion, marking a 17% increase compared to the same quarter last year. Non-GAAP earnings per share (EPS) stood at $2.85, reflecting a 17% year-over-year growth.
• The company’s net income for the quarter was $2.812 billion, a 21% increase from the previous year.
• Qualcomm’s QCT segment, which includes its semiconductor business, saw a significant 25% year-over-year growth in earnings before taxes (EBT).
• The company also highlighted a 38% year-over-year increase in combined automotive and IoT revenues, underscoring its diversification strategy.
• Despite a challenging macroeconomic environment, Qualcomm remains focused on its technology roadmap and operational efficiencies. The company returned $2.7 billion to stockholders through dividends and share repurchases during the quarter.

Those numbers might look strong, but Wall Street was disappointed in Qualcomm’s guidance for this quarter. The company projected revenue at a midpoint of $10.3 billion, which was below Wall Street’s expectations of $10.35 billion in sales for the current quarter. 

The post Live: Qualcomm (QCOM) Reports Earnings After The Bell Tonight appeared first on 24/7 Wall St..