Key TakeawaysQualcomm shares rose in extended trading Wednesday after the chipmaker reported fiscal second-quarter earnings that beat analysts' estimates.The company's revenue rose 1% from a year ago to $9.39 billion, while net income grew 14% to $2.33 billion.The chipmaker cited strong demand from Chinese phonemakers and record Qualcomm CDMA Technologies (QCT) automotive sales as having contributed to its results. Qualcomm also highlighted its expanding offerings with artificial intelligence capabilities a ...

Second Quarter Fiscal 2024 Earnings May 1, 2024 Note Regarding Forward-Looking Statements In addition to historical information, this document and the conference call that it accompanies contain forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to: statements regarding our growth and diversification opportunities, including those in Automotive, IoT and the artificial intelligence (AI) space; our business, product and technology strategies, including ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________ FORM 10-Q _____________________ (Mark one) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☒ 1934 For the quarterly period ended March 24, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ☐ 1934 For the transition period from to . Commission File Number 0-19528 QUALCOMM Incorporated (Exact name of registrant as specified in its charter) D ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Qualcomm Contact: Mauricio Lopez-Hodoyan Vice President, Investor Relations Phone: 1-858-658-4813 | e-mail: ir@qualcomm.com Qualcomm Announces Second Quarter Fiscal 2024 Results Revenues: $9.4 billion GAAP EPS: $2.06, Non-GAAP EPS: $2.44 —QCT Automotive: Design Win Pipeline Now Approximately $45 Billion1— —Increased Quarterly Cash Dividend to $3.40 Annualized Payout Per Share— SAN DIEGO - May 1, 2024 - Qualcomm Incorporated (NASDAQ: QCOM) today announced results for its fi ...

Qualcomm has a multibillion-dollar buyback, but it's not the shareholder windfall you might think.Tech giant Qualcomm (QCOM -1.98%) makes leading modem chips for smartphones and owns the key patents in cellular technology. Qualcomm has also recently invested in new growth markets such as automotive and Internet of Things chips.As a large technology blue chip stock, Qualcomm has also been a regular repurchaser of its own stock. But how effective have these repurchases really been?$2.05 billion, but there's a ...

Investors are always looking for stocks that are poised to beat at earnings season and Qualcomm Incorporated (QCOM) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Qualcomm is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty goo ...

Qualcomm Incorporated (QCOM) shares have witnessed a steady uptrend since November 2023 barring minor hiccups, with the ebb and flow attributable to various macroeconomic developments and corporate achievements. While such ups and downs are part of a stock’s progression, the sudden turn of events often tests the stock's inherent strength to withstand the storm and its ability to come up trumps. We believe that Qualcomm has the requisite wherewithal to emerge victorious from the apparent upheaval and strike ...

In its upcoming report, Qualcomm (QCOM) is predicted by Wall Street analysts to post quarterly earnings of $2.30 per share, reflecting an increase of 7% compared to the same period last year. Revenues are forecasted to be $9.32 billion, representing a year-over-year increase of 0.5%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this p ...

A worker inspects a circuit board for a smartphone at Dixon Technologies' Padget Electronics Pvt factory in Noida, Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Dixon boasts a market value of more than $2.5 billion and the capacity to produce about 50 million smartphones this year. Photographer: Anindito Mukherjee/Bloomberg via Getty ImagesQualcomm is already designing chips in India as it taps on the country's pool of talented engineers, Qualcomm India's president said in an exclusive interview."We alr ...