Loading...
•
Mar 24, 2024
Qualcomm Q2 2024 Earnings Report
Qualcomm reported strong quarterly results, with EPS exceeding the high end of its guidance. The company saw continued growth and diversification, including record QCT Automotive revenues for the third consecutive quarter.
Key Takeaways
Qualcomm announced its Q2 Fiscal Year 2024 results, with revenues of $9.4 billion. GAAP EPS was reported at $2.06, and Non-GAAP EPS at $2.44. QCT Automotive design win pipeline is now approximately $45 billion. The company increased its quarterly cash dividend to $3.40 annualized payout per share.
Revenues reached $9.4 billion.
GAAP EPS was $2.06, while Non-GAAP EPS was $2.44.
QCT Automotive design win pipeline is approximately $45 billion.
Increased quarterly cash dividend to $3.40 annualized payout per share.
Qualcomm
Qualcomm
Qualcomm Revenue by Segment
Revenue by Segment
QCT Revenue
CapyFin.comQTL Revenue
CapyFin.comHandsets Revenue
CapyFin.comAutomotive Revenue
CapyFin.comIoT Revenue
CapyFin.com Forward Guidance
Qualcomm provided guidance for Q3 FY24, with revenue estimated between $8.8B and $9.6B and Non-GAAP diluted EPS between $2.15 and $2.35.
Positive Outlook
- Revenue is expected to be between $8.8B and $9.6B.
- QCT revenues are projected to be between $7.5B and $8.1B.
- QTL revenues are forecasted to be between $1.2B and $1.4B.
- GAAP diluted EPS is estimated to be between $1.74 and $1.94.
- Non-GAAP diluted EPS is expected to be between $2.15 and $2.35.
Challenges Ahead
- Outlook does not include provisions for proposed tax law changes.
- Outlook does not include provisions for future asset impairments.
- Outlook does not include provisions for pending legal matters.
- Certain income and expense items cannot be accurately forecast.
- Actual results may differ materially from the outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income