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Qualcomm shrugs off Apple breakup with $10.37bn earnings beat

by on31 July 2025


Snapdragon pulls 61 per cent of revenue as chipmaker bets on glasses, cars and clouds

Qualcomm has managed to beat the cocaine nose jobs of Wall Street’s estimates for Q2 2025, pulling in a tidy $10.37 billion in revenue, even as the clock ticks down on its once-lucrative relationship with the Fruity Cargo Cult Apple.

The chip outfit’s Snapdragon brand remains the money spinner, raking in $6.33 billion or 61 per cent of total sales. That’s slightly shy of analysts’ $6.44 billion prediction but not disastrous considering the handset market’s general malaise and the looming threat from MediaTek’s upcoming Dimensity 9500.

Apple’s shift to its own C1 5G modem, now inside the iPhone 16e, marks a major loss for Qualcomm. But chief executive Christiano Amon appears unfazed. On the earnings call, Amon insisted the chip business has grown 15 per cent this year without Apple and touted efforts to aggressively diversify into everything from wearables to data centres.

The firm is building silicon for Meta’s Ray-Bans smart glasses, VR headsets and Windows PCs, while also sniffing around the cloud space. Qualcomm says it’s in talks with a major hyperscaler to supply AI chipsets, although the revenue for this won’t land until fiscal 2028.

The automotive division is also revving up, with sales in that segment climbing 21 per cent to $984 million for the quarter. That’s one area where Qualcomm sees “massive” upside, especially as carmakers keep shoving more silicon under the bonnet.

So while Jobs’ Mob is packing its bags, Qualcomm is busy finding new friends in AI, AR, and auto. It’s far from a clean break, but for now, the San Diego giant is holding steady.

Last modified on 31 July 2025
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