Overview:
For the quarter ended June 2024, Qualcomm (QCOM) reported revenue of $9.39 billion, an increase of 11.1% over the same period last year. EPS came in at $2.33, compared to $1.87 in the year-ago quarter.
The revenue represents a surprise of +1.79% over the Zacks Consensus Estimate of $9.23 billion. With the consensus EPS estimate being $2.25, the EPS surprise was +3.56%.
Key Metrics:
Comparing these metrics to year-ago numbers and analyst estimates offers a more accurate picture of Qualcomm's financial health
Revenue - QCT - Handsets: $5.90 billion (estimated $5.90 billion, +12.3% YoY)
Revenue - QCT - Automotive: $811 million (estimated $663.66 million, +86.9% YoY)
Revenue - QCT - IoT: $1.36 billion (estimated $1.31 billion, -8.5% YoY)
Revenue - QTL: $1.27 billion (estimated $1.32 billion, +3.5% YoY)
Revenue - QCT Total: $8.07 billion (estimated $7.87 billion, +12.5% YoY)
Revenue - Non-GAAP Reconciling Items: $49 million (estimated $51.77 million, +29% YoY)
Revenue - Equipment and Services: $7.99 billion (estimated $7.87 billion, +12.5% YoY)
Revenue - Licensing: $1.40 billion (estimated $1.37 billion, +4.2% YoY)
Income / (Loss) Before Taxes - QTL: $894 million (estimated $935.13 million)
Income / (Loss) Before Taxes - QCT: $2.18 billion (estimated $2.09 billion)
Stock Performance:
Shares of Qualcomm have returned -16.6% over the past month versus the Zacks S&P 500 composite's -0.4% change.
For the quarter ended June 2024, Qualcomm (QCOM) reported revenue of $9.39 billion, an increase of 11.1% over the same period last year. EPS came in at $2.33, compared to $1.87 in the year-ago quarter.
The revenue represents a surprise of +1.79% over the Zacks Consensus Estimate of $9.23 billion. With the consensus EPS estimate being $2.25, the EPS surprise was +3.56%.
Key Metrics:
Comparing these metrics to year-ago numbers and analyst estimates offers a more accurate picture of Qualcomm's financial health
Revenue - QCT - Handsets: $5.90 billion (estimated $5.90 billion, +12.3% YoY)
Revenue - QCT - Automotive: $811 million (estimated $663.66 million, +86.9% YoY)
Revenue - QCT - IoT: $1.36 billion (estimated $1.31 billion, -8.5% YoY)
Revenue - QTL: $1.27 billion (estimated $1.32 billion, +3.5% YoY)
Revenue - QCT Total: $8.07 billion (estimated $7.87 billion, +12.5% YoY)
Revenue - Non-GAAP Reconciling Items: $49 million (estimated $51.77 million, +29% YoY)
Revenue - Equipment and Services: $7.99 billion (estimated $7.87 billion, +12.5% YoY)
Revenue - Licensing: $1.40 billion (estimated $1.37 billion, +4.2% YoY)
Income / (Loss) Before Taxes - QTL: $894 million (estimated $935.13 million)
Income / (Loss) Before Taxes - QCT: $2.18 billion (estimated $2.09 billion)
Stock Performance:
Shares of Qualcomm have returned -16.6% over the past month versus the Zacks S&P 500 composite's -0.4% change.