Qualcomm Inc. reported its fiscal second-quarter earnings, surpassing Wall Street expectations with adjusted earnings per share of $2.85, compared to the consensus estimate of $2.82. Revenue for the quarter reached $10.84 billion, a 15% increase from the previous year, and exceeded the anticipated $10.66 billion. The company's net income was $2.81 billion, or $2.52 per share, up from $2.33 billion, or $2.06 per share, in the previous year. The company's chip business, QCT, saw an 18% annual increase in revenue to $9.47 billion, driven by growth in handset, automotive, and IoT segments. Handset chip sales rose 12% to $6.93 billion, while automotive and IoT revenues increased by 59% to $959 million and 27% to $1.58 billion, respectively. Qualcomm's licensing division, QTL, reported flat revenue at $1.32 billion year-over-year. Despite the strong quarterly performance, Qualcomm provided a third-quarter revenue forecast of $9.9 billion to $10.7 billion, with a midpoint slightly below the $10.33 billion expected by analysts. The company's shares fell over 4% in extended trading following the announcement, reflecting concerns about the impact of tariffs and global trade tensions on future demand. Qualcomm's CEO, Cristiano Amon, emphasized the company's focus on navigating the current macroeconomic and trade environment while maintaining its technology roadmap, product portfolio, customer relationships, and operational efficiencies. The company also announced it spent $2.7 billion on capital return during the quarter, including $1.7 billion in share repurchases and $938 million in dividends. Apple remains Qualcomm's largest customer.