Smartphone And PC Industry Rebound Make Qualcomm A Buy

JHVEPhoto Qualcomm Incorporated (QCOM) reported its second quarter 2024 earnings on May 1, 2024. The company delivered a passable quarter, considering the primary end markets for its chips, smartphones, and consumer electronics are still emerging from a severe downturn. The company delivered a slight beat of $39.41 million on $9.39 billion in revenue. Its continued margin expansion led to Qualcomm recording an earnings-per-share ("EPS") of $2.44, beating consensus analyst estimates by $0.12. The stock r ...