Qualcomm Q4 2024 Earnings Report
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.
Qualcomm
Qualcomm
Qualcomm 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.
- Actual results may differ materially from the outlook.