Qualcomm beat earnings estimates in Q4 2025 despite a $3.12B GAAP loss from a tax charge, driven by growth in AI, automotive, and IoT.

Qualcomm reported a 10% year-over-year revenue increase to $11.27 billion in Q4 2025, surpassing estimates, with adjusted earnings per share of $3.00, exceeding expectations. The company posted a GAAP loss of $3.12 billion due to a $5.7 billion non-cash tax charge from the One Big Beautiful Bill Act, but highlighted strong growth in automotive, IoT, and AI-driven segments. For Q1 2026, Qualcomm projected adjusted EPS of $3.30 to $3.50 and revenue of $11.8 billion to $12.6 billion, both above analyst forecasts.