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Qualcomm (QCOM) Q4 FY25 earnings results (fourth quarter fiscal 2025)

10-K filed Nov 5, 2025

Qualcomm (QCOM) reported revenue of $11.3B for the fourth quarter fiscal 2025 (Q4 FY25), +10% from a year earlier and +9% from the quarter before. Operating margin was 25.9%, net loss $3.1B (27.7% of revenue).

Revenue$11.3B
Year over year+10%
Quarter over quarter+9%
Operating margin25.9%
Net earnings−$3.1B

Qualcomm, Q4 FY25: revenue $11.3B (+10% year over year), operating margin 25.9%, net loss $3.1B, operating cash flow $4.0B. The chart follows the revenue to costs, profit and cash.

Q4 FY25AmountQ/QY/Y
Revenue$11.3B+9%+10%
Operating profit$2.9B+6%—
Net earnings−$3.1B-217%—
Operating cash flow$4.0B+39%+51%
Free cash flow$3.6B+39%+50%

What changed

Revenue was $11.3B in Q4 FY25, up 10% year over year and up 9% from the previous quarter.

Operating profit was $2.9B, a 25.9% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, above the 25% margin then. Total costs grew 9% against revenue growth of 10%. The fastest-growing cost line was SG&A (+20%). The quarter ended with a net loss of $3.1B, after a profit of $2.7B the previous quarter.

Operating cash flow was $4.0B (up 51% year over year). Non-cash charges added back $0.37B of depreciation and amortization and $0.66B of share-based compensation. Working capital and other items added $6.1B. Capital expenditures of $0.41B left free cash flow of $3.6B.

Questions

What was Qualcomm's revenue in the fourth quarter fiscal 2025?

Qualcomm (QCOM) reported revenue of $11.3B for the fourth quarter fiscal 2025 (Q4 FY25), +10% from a year earlier and +9% from the quarter before.

Was Qualcomm profitable in the fourth quarter fiscal 2025?

Operating profit was $2.9B (25.9% of revenue) and net loss $3.1B.

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Source: Qualcomm 10-K on SEC EDGAR.