Qualcomm (NASDAQ: QCOM ) reported earnings last week in what appeared to be a blowout quarter, but after an initial jump close to 10%, shares have now fallen back to pre-earnings levels. Despite generating oodles of cash and showing substantial growth, the market seems toTo follow me click the "Follow" button! (Easy right?) Hi there, thanks for coming to my profile page! My name is Kumquat Research (but you can call me Jeremy) and I've been writing for Seeking Alpha on and off for going on ten years now, be ...

Qualcomm Incorporated (QCOM) recorded solid fourth-quarter fiscal 2024 results, with adjusted earnings and revenues beating the 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. QCOM Rides on Snapdragon Mobile Platform Qualcomm envisions solid growth opportunities within the mobi ...

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Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Qualcomm. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

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Investment Rating - The report assigns a positive investment rating to Qualcomm, indicating strong performance expectations for the upcoming quarters [2][41]. Core Insights - Qualcomm's Q4 FY2024 performance exceeded expectations, driven by flagship model shipments and diversified business strategies, with revenues reaching $10.2 billion, a year-over-year increase of 18% [2][5]. - The automotive chip segment continues to set records, with revenue of $899 million, reflecting a quarter-over-quarter increase of 11% and a year-over-year increase of 68% [2][10]. - The IoT business saw significant growth, with revenues of $1.7 billion, up 21% year-over-year, attributed to new product launches and inventory normalization [2][9]. - Qualcomm's guidance for Q4 FY2024 anticipates revenues between $10.5 billion and $11.3 billion, representing a year-over-year growth of 6% to 14% [2][19]. Revenue and Profitability - In Q3 FY2024, Qualcomm reported revenues of $10.244 billion, with a net profit of $2.92 billion, leading to a GAAP EPS of $2.59 and a Non-GAAP EPS of $2.69 [5][6]. - The QCT segment generated $8.7 billion in revenue, with a pre-tax profit margin of 28%, benefiting from strong growth in IoT and automotive sectors [6][11]. - The QTL segment achieved revenues of $1.5 billion, with a pre-tax profit margin of 74%, aligning with expectations [11][20]. Business Segment Developments - The PC segment is expanding with the launch of the Snapdragon X Plus 8 platform, which is expected to enhance performance and battery life for OEMs [12][24]. - XR products are gaining traction, with new offerings like the Quest 3S providing affordable options for mixed reality experiences [12][15]. - Qualcomm's automotive business is leveraging new platforms like Snapdragon Cockpit Elite and Snapdragon Ride Elite, which are designed for AI and advanced driver-assistance systems [15][26]. Future Guidance - Qualcomm expects Q4 FY2024 revenues to be between $10.5 billion and $11.3 billion, with adjusted EPS projected between $2.85 and $3.05 [2][19]. - The QCT segment is anticipated to generate revenues of $9 billion to $9.6 billion, with a pre-tax profit margin of 29% to 31% [19][20]. - The automotive segment is projected to grow by 50% year-over-year, while the IoT segment is expected to see over 20% growth [19][20].

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 ...

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 ...

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 ...

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 $ ...