Qualcomm released its Q1 financial report for fiscal year 2025, with recovery in demand in the smartphone, automotive and IoT markets driving overall growth

Qualcomm's financial report for the first quarter of fiscal year 2025 (ending December 2024) showed that it achieved revenue of US$11.669 billion, a year-on-year increase of 17%, and net profit of US$3.180 billion, a year-on-year increase of 15%. This growth is mainly attributed to Qualcomm's QCT business, especially the full recovery of smartphones, automobiles and Internet of Things (IoT) chips. In addition, Qualcomm's gross profit was US$6.508 billion, a year-on-year increase of 15.7%, and the gross profit margin was 55.8%, although it fell by 0.8 percentage points year-on-year.