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Qualcomm's Exciting Q4 Earnings Justify Investing
Seeking Alpha· 2024-11-08 14:35
Retirement is complicated, and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Qualcomm Incorporated (NASDAQ: QCOM ) is one of the largest semiconductor companies in the world. The company has a market capitalization of almost $200 ...
高通:FY2024Q4业绩点评及业绩说明会纪要:旗舰机型增量及多元化布局驱动业绩超预期,汽车芯片连续多个季度创纪录
华创证券· 2024-11-08 12:55
证 券 研 究 报 告 会议纪要 电子 2024 年 11 月 8 日 | --- | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
Qualcomm Beats Q4 Earnings Estimates on Solid Top-Line Growth
ZACKS· 2024-11-07 15:55
Qualcomm Incorporated (QCOM) reported strong fourth-quarter fiscal 2024 results, with adjusted earnings and revenues beating the respective Zacks Consensus Estimate, driven by healthy demand trends in Android handsets and automotive businesses. Both metrics improved year over year, led by the strength of the business model, revenue diversification and the ability to respond proactively to the evolving market scenario. Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Net IncomeOn a GAAP ...
Qualcomm Stock Rises After Q4 Beat-and-Raise
Schaeffers Investment Research· 2024-11-07 15:47
Semiconductor firm Qualcomm Inc (NASDAQ:QCOM) reported fiscal fourth-quarter results after yesterday's close, with earnings per share and revenue both beating estimates. What's more, the company's December quarter guidance was higher than expected, and the company's board approved $15 billion in additional buybacks. At last glance, the chip stock was up 1.6% at $175.82, extending its year-over-year lead to 47.1%. On the charts, QCOM briefly broke above the $180 level and its 160-day moving average, but is b ...
Breakout Alert: Qualcomm Just Hit The Rally Button
MarketBeat· 2024-11-07 15:00
Qualcomm Inc. NASDAQ: QCOM, the California-based semiconductor heavyweight with a market cap of $192 billion, has had a decent year. It started with a bang and continued 2023’s rally all the way to a fresh all-time high in June before shares slid 35% into August.  Since then, they’ve been consolidating their gains and setting a strong foundation for the next leg of the rally. Last night’s earnings report should offer a fresh spark, and there are plenty of reasons to believe that this stock could be gearing ...
Buy, Sell, Or Hold Qualcomm Stock?
Forbes· 2024-11-07 14:03
CHINA - 2024/09/21: In this photo illustration, a Qualcomm logo is displayed on the screen of a ... [+] smartphone. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesMobile chipset major Qualcomm (NASDAQ: QCOM) posted a better-than-expected set of Q4 FY’24 yesterday and guided better-than-expected numbers for the holiday quarter, driving the stock up by about 6% in after-hours trading on Wednesday. While revenue rose 9% year-over-year to $ ...
Missed Out on Nvidia? Buy This Amazing Artificial Intelligence (AI) Semiconductor Stock.
The Motley Fool· 2024-11-07 08:56
Qualcomm could be the best AI stock to own forever.In today's video, I will talk about Qualcomm's (QCOM 4.27%) fourth-quarter earnings report. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 6, 2024. The video was published on Nov. 6, 2024. ...
Qualcomm(QCOM) - 2024 Q4 - Earnings Call Transcript
2024-11-07 01:23
Financial Data and Key Metrics - Non-GAAP revenues for Q4 2024 were $10.2 billion, with non-GAAP earnings per share (EPS) of $2.69 [6] - Chipset business revenues were $8.7 billion, and licensing business revenues were $1.5 billion [6] - QCT handset revenues were $6.1 billion, in line with expectations [20] - QCT IoT revenues increased 24% sequentially to $1.7 billion, driven by new product launches and channel inventory normalization [20] - QCT automotive revenues reached a record $899 million, up 11% sequentially and 68% year-over-year [21] - The company returned $2.2 billion to stockholders, including $1.3 billion in stock repurchases and $947 million in dividends [21] - Full-year fiscal 2024 revenues were $39 billion, with non-GAAP EPS of $10.22, representing 21% year-over-year growth [22] Business Line Performance - Handset revenues grew over 20% year-over-year, driven by premium-tier Snapdragon products and channel inventory normalization [23] - IoT revenues grew sequentially throughout the year, with full-year growth of 55% in automotive, driven by content increases in new vehicle launches [23] - The Snapdragon 8 Elite platform, featuring a second-generation custom Oryon CPU, delivered 30% faster performance with 57% less power [11] - The Snapdragon X Series platforms have expanded to 58 platforms, with strong traction in the PC market [12][38] - The Qualcomm IQ Series was introduced for industrial IoT, offering up to 100 TOPS of on-device AI performance [15] Market Performance - The company expects global 3G, 4G, and 5G handset units to increase by low to mid-single digits year-over-year in calendar 2024 [24] - QCT IoT revenues are expected to grow by more than 20% year-over-year, with growth across consumer, industrial, and networking segments [25] - QCT automotive revenues are forecasted to grow by 50% year-over-year, with flat sequential growth [25] - The company anticipates greater than 40% sequential revenue growth from Chinese OEMs in Q1 fiscal 2025 [24] Strategic Direction and Industry Competition - The company is transitioning from a wireless communications company to a connected computing company for edge AI [6] - Partnerships with Meta, Amazon, and others are driving the transition to AI-enabled edge computing [10] - The Snapdragon 8 Elite platform has been adopted by major OEMs, including Xiaomi, Honor, OPPO, and Vivo, with additional launches expected from Samsung and ASUS [12] - The company is expanding its presence in the automotive market with the Snapdragon Cockpit Elite and Snapdragon Ride Elite platforms, which offer significant AI performance upgrades [17][18] Management Commentary on Operating Environment and Future Outlook - The company remains focused on executing its growth and diversification strategy while maintaining operating discipline [8] - Management is optimistic about the momentum of edge AI across the business and the potential for a new cycle of semiconductor innovation [9] - The company expects to provide a financial framework for its diversification strategy and growth at the upcoming Investor Day on November 19 [34][26] Other Important Information - The company introduced the Networking Pro A7 Elite Platform, integrating Wi-Fi 7, 5G, and AI co-processing for enterprise and home networking [16] - The Snapdragon AR1 Gen 1-powered Ray-Ban Meta glasses are receiving new AI features, including real-time speech translation and location assistance [14] - The company announced the Qualcomm IoT Solutions Framework, aimed at reducing time-to-implementation and improving operational efficiencies for industrial IoT solutions [15] Q&A Session Summary Question: Strength in Automotive Segment - The strength in automotive is driven by new models launching with Qualcomm technology, reflecting a shift in market share rather than market conditions [28] Question: Arm Dispute - The company is confident in its broad, well-established license rights covering custom-designed CPUs, with the trial scheduled for December [29] Question: IoT Growth Drivers - IoT growth is driven by new product launches in PC, XR, and other areas, along with channel inventory normalization [32] Question: Sustainability of Double-Digit Growth - The company is not guiding beyond Q1 but will provide a financial framework at the Investor Day [34] Question: Chipset Gross Margins - Gross margins are expected to remain stable, with product mix playing a key role in future performance [36] Question: PC Market Contribution - The PC market is showing strong traction, with 58 platforms now in development, up from 20 at launch [38] Question: Automotive Exposure in China - The company has a diverse portfolio with design wins globally, not reliant on any specific geography [41] Question: Handset Market Dynamics - The handset market is seeing content increases and a shift towards premium-tier devices, with ASPs benefiting from more capable chipsets [44] Question: Licensing Business Seasonality - The licensing business is expected to follow normal seasonality, with no structural changes anticipated [48] Question: End Market Demand - The company is seeing strong demand, particularly from Chinese OEMs, with no significant inventory dynamics [51] Question: China Android Growth - The growth in China Android is driven by customer launch cadences and demand, not related to tariffs or pull-forward effects [54] Question: IoT Business Challenges - The IoT business is benefiting from new product launches and early demand for AI-ready industrial solutions [56] Question: Large Customer Risk - The company maintains its planning assumption of a 20% share for the 2026 launch, with no new information on customer internalization [57]
Qualcomm (QCOM) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-11-07 00:00
For the quarter ended September 2024, Qualcomm (QCOM) reported revenue of $10.24 billion, up 18.7% over the same period last year. EPS came in at $2.69, compared to $2.02 in the year-ago quarter. The reported revenue represents a surprise of +3.49% over the Zacks Consensus Estimate of $9.9 billion. With the consensus EPS estimate being $2.56, the EPS surprise was +5.08%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...
Qualcomm (QCOM) Q4 Earnings and Revenues Surpass Estimates
ZACKS· 2024-11-06 23:21
Qualcomm (QCOM) came out with quarterly earnings of $2.69 per share, beating the Zacks Consensus Estimate of $2.56 per share. This compares to earnings of $2.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.08%. A quarter ago, it was expected that this chipmaker would post earnings of $2.25 per share when it actually produced earnings of $2.33, delivering a surprise of 3.56%.Over the last four quarters, the company has sur ...