QCOM: Qualcomm Beats Q2 — But Pays $75M Over Anticompetitive Claims

Court: S.D. California

Case: 3:17-cv-00121

Qualcomm QCOM beat expectations in its fiscal Q2 2025 report, posting $10.84B in revenue (up 15.45% YoY) and $2.85 EPS, both above forecasts.

Following the report, Citi raised its price target from $145 to $170, citing the sector’s resilience to tariffs, stronger demand, and inventory restocking. Still, it maintained a Hold rating on the stock.

Qualcomm also agreed to a $75 million settlement to resolve claims it misled investors about anticompetitive practices and weak financial reporting controls.

The case stems from 2017, when the FTC accused Qualcomm of:

• Overcharging for licenses
• Refusing to sell chips to some companies
• Offering Apple discounts for exclusive chip use

On January 19, 2017, QCOM dropped 18.3% following the news. Four days later, investors filed the now-settled lawsuit.

Investors who bought between February 1, 2012 and November 8, 2024 can still file a claim.

You can check more information about the QCOM settlement and file for payment HERE.