Qualcomm's automotive business revenue increased by 61% year-over-year. Management raised the annualized run rate target for the automotive business to approximately $7 billion by fiscal year 2026. CEO Cristiano Amon stated that non-handset revenue is targeted to reach $40 billion by fiscal year 2029, nearly double the previous goal. The company returned $12.6 billion to shareholders in fiscal year 2025, with a free cash flow yield of 6.66%.