The San Diego-based chipmaker is also in advanced talks with a potential hyperscaler customer as it begins to enter the data center market.

Qualcomm was one of the major tech companies to report on its latest quarterly earnings, and Q3 FY25 was a squeaker, but Qualcomm ended up on top of its major metrics in revenue and earnings-per-share (EPS), making for a just slightly better-than-expected quarter for the chip design company.

What Happened: Qualcomm reported third-quarter revenue of $10.365 billion, up 10% year-over-year. The revenue beat a Street consensus estimate of $10.333 billion according to data from Benzinga Pro. The company reported quarterly earnings per share of $2.77, beating a Street consensus estimate of $2.71.