Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

Qualcomm Incorporated: Expanding Presence in Extended Reality (XR) to Capitalize On The Increasing Consumer Demand For Immersive XR Technology!

Qualcomm 2Q25 (March 25): Boring and Cheap

Qualcomm Q125. Firing On All Cylinders & An Ace Up Their Sleeve...

AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

Equity Bottom-Up

<ul>
<li>Handset and edge networking demand powered a strong QCT beat, but licensing growth underwhelmed, and margins declined sequentially.</li>
<li>Apple modem revenues will fade by 2026, and the management conspicuously avoided commentary on China auto; both adding to uncertainty.</li>
<li>Snapdragon X's monetisation has been deferred,  while XR design momentum was a rare bright spot beyond mobile.</li>
</ul>


Handset and edge networking demand powered a strong QCT beat, but licensing growth underwhelmed, and margins declined sequentially.
Apple modem revenues will fade by 2026, and the management conspicuously avoided commentary on China auto; both adding to uncertainty.
Snapdragon X's monetisation has been deferred,  while XR design momentum was a rare bright spot beyond mobile.


[실적 리뷰] 퀄컴, 안드로이드 열풍 타고 있지만 애플 철수와 라이선스 문제는 여전