Core Insights - Qualcomm Inc reported fourth-quarter revenue of $11.27 billion, a 10% increase year-over-year, surpassing the consensus estimate of $10.79 billion [2] - The company achieved adjusted earnings per share of $3, exceeding the consensus estimate of $2.88, marking the 10th consecutive earnings per share beat and the 9th consecutive revenue beat [2][3] Financial Performance - QCT revenue was $9.82 billion, up 13% year-over-year, while QTL revenue was $1.41 billion, down 7% year-over-year [3] - Full-year revenue reached $44.14 billion, reflecting a 13% year-over-year increase, with adjusted earnings per share of $10.22, up 18% year-over-year [8] Segment Performance - QCT non-Apple revenues grew by 18% year-over-year, with combined fiscal year Automotive and IoT revenue growth of 27% [4] - Revenue breakdown for QCT includes Handsets at $6.96 billion (+14% YoY), Automotive at $1.05 billion (+17% YoY), and IoT at $1.81 billion (+7% YoY) [8] Tax and Guidance - Qualcomm announced a non-cash tax charge of $5.7 billion to establish a valuation allowance against U.S. federal deferred tax assets, which was excluded from non-GAAP results [4] - The company expects first-quarter revenue guidance of $11.80 to $12.60 billion, with consensus estimates at $11.62 billion, and earnings per share guidance of $3.30 to $3.50, compared to a consensus of $3.31 [6][7]