<ul><li>Qualcomm's diversification strategy led by CEO Cristiano Amon is yielding successful results, with a focus on expanding beyond smartphone markets into automotive, IoT, PCs, and XR spaces.</li><li>The company's second-quarter earnings reflected a 59% increase in the automotive segment and a 17% year-on-year revenue growth to $10.979 billion, driven by IoT revenues surging 27% to $1.581 billion.</li><li>Qualcomm's role in AI is burgeoning, with advancements in generative AI models running directly on devices and Snapdragon platforms supporting technologies from Alibaba, Google, Meta, and others.</li><li>CFO Akash Palkhiwala's guidance for Q3 anticipates non-GAAP revenues between $9.9 billion to $10.7 billion, despite tariff uncertainties, showcasing Qualcomm's resilience and commitment to technological innovation.</li></ul>

Qualcomm Reports Strong Q2 as Diversification Strategy Pays Off

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