Qualcomm Delivers Solid Q3 But Apple’s Exit Keep Pressure On

Court: S.D. California

Case: 3:17-cv-00121

Last week, Qualcomm posted a strong fiscal Q3 2025 performance, but its stock fell 4% despite beating expectations.

Quick review:

Revenue came in at approximately $10.37 billion—up about 10% year‑over‑year—and adjusted EPS reached $2.77, modestly topping consensus forecasts. Operating margin improved to around 26%, and revenue was projected between $10.3B and $11.1B.

Also, the company is working to diversify its revenue streams as it prepares to lose Apple as a major customer in the coming years (Apple is expected to transition to in-house modem production).

Analysts said that the loss of Apple’s business will likely constrain Qualcomm’s overall revenue growth over the next two years. And, with that, the stock fell about 4%.

In order to solve this issue, Qualcomm is committed to diversifying beyond mobile. The company continues investing in AI, automotive, IoT, and data‑center growth areas, with automotive and IoT segments expanding at over 20% year‑over‑year.

But it still remains to be seen if that would be enough to keep them in a good patch.

In other news, the company is accepting claims for a few more weeks on the $75M settlement over claims related to anticompetitive practices. So if you invested in QCOM between 2012 and 2017, you may be eligible for payment. Check the latest details and file a claim here.