Qualcomm (QCOM) Q2 Earnings Top on Solid Automotive Revenues

Qualcomm Incorporated (QCOM) reported relatively healthy second-quarter fiscal 2024 results, with the bottom and top lines 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.Management expects a steady improvement in the demand trajectory in the remainder of ...