CLAIM #51591 · Qualcomm Incorporated (QCOM) · 2025Q3 earnings call · Jul 30, 2025

“So another way to look into this is Qualcomm has became a very competitive company and learned how to compete in China and have been serving well. I think the market, we expect that to continue to be the case.”

Cristiano Amon · CEO

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“and we're in a very good position to maintain our scale there as well. Cristiano Renno Amon: So let me just add -- maybe add a different perspective. Tal, I'm going to agree with Akash, but I'll provide probably a comment of questions that we usually we don't get. Look, we have been doing business in China for 30 years. We actually started down at the 3G. And I think what we learned by doing business in China, we actually learned how to move at China's speed. And I think if you look at the position in Qualcomm in China, they only improved over the years. And as Akash outlined, not only we've been well positioned in the phone business, we're well positioned with some of the fastest- growing OEMs in the auto business. And that is expanding now into industrial, into robotics and other areas. So another way to look into this is Qualcomm has became a very competitive company and learned how to compete in China and have been serving well. I think the market, we expect that to continue to be the case. Tal Liani: Got it. Maybe just a question on margins, a quick one. I see that when I look at gross margin, operating margin, I see that there is kind of you managed to maintain a very healthy operating margin despite the fluctuations in Apple revenues. So I just want to ask you a question I'm getting from investors quite often. What are the implications of the decline in Apple? What are the implications on margins? Are they positive or negative? Akash Palkhiwala: Yes. I think we're very happy with the margin profile of the business. I mean we will be at close to 30% margin this year, which is the target we have set for the long term. As you look forward, the growth opportunity that we have in auto, IoT far exceeds the scale of the Apple revenue. So I think we have the ability to continue t”

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SEC filings for QCOM ↗ · Quote is verbatim from the 2025Q3 earnings call.