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Sep 29, 2024
Qualcomm Q4 2024 Earnings Report
Qualcomm reported strong Q4 2024 results with significant EPS growth and advancements in key technology areas.
Key Takeaways
Qualcomm's Q4 2024 revenues reached $10.244 billion, a 19% increase year-over-year. GAAP EPS grew by 96% to $2.59, while non-GAAP EPS increased by 33% to $2.69. The company is focusing on growth and diversification initiatives, with strong performance in automotive and IoT sectors.
Qualcomm's Q4 revenues increased by 19% year-over-year, reaching $10.244 billion.
GAAP EPS grew by 96% to $2.59, and Non-GAAP EPS increased by 33% to $2.69.
QCT revenues increased by 18% year-over-year to $8.678 billion, driven by growth in handsets, automotive, and IoT.
The company returned $2.249 billion to stockholders through stock repurchases and dividends.
Revenue by Segment
Forward Guidance
Qualcomm anticipates revenues between $10.5 billion and $11.3 billion for Q1 FY25, with QCT revenues expected to be between $9.0 billion and $9.6 billion, and QTL revenues between $1.45 billion and $1.65 billion. Non-GAAP diluted EPS is projected to be $2.85 - $3.05.
Positive Outlook
- Revenue expected to be $10.5B - $11.3B
- QCT revenues expected to be $9.0B - $9.6B
- QTL revenues expected to be $1.45B - $1.65B
- GAAP diluted EPS expected to be $2.39 - $2.59
- Non-GAAP diluted EPS expected to be $2.85 - $3.05
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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