Summary
Qualcomm Beats
Qualcomm (QCOM) reported Quarter September 2024 earnings of $2.81 per share on revenue of $10.2 billion. The consensus earnings estimate was $2.56 per share on revenue of $9.9 billion. The Earnings Whisper number was $2.63 per share. Revenue grew 18.7% on a year-over-year basis.
The company said it expects first quarter non-GAAP earnings of $2.85 to $3.05 per share on revenue of $10.50 billion to $11.30 billion. The current consensus earnings estimate is $2.86 per share on revenue of $10.59 billion for the quarter ending December 31, 2024.
Qualcomm is the world's leading wireless technology innovator and the driving force behind the development, launch, and expansion of 5G.
Earnings Release
Qualcomm Earnings Release Available on Company’s Investor Relations Website
SAN DIEGO--(BUSINESS WIRE)--Qualcomm Incorporated (NASDAQ: QCOM) today announced the Company’s financial results for its fourth quarter and fiscal 2024 through an earnings release that is available on the Qualcomm Investor Relations website at https://investor.qualcomm.com/financial-information. The earnings release will also be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K and will be available on the SEC website at http://www.sec.gov.
As previously announced, Qualcomm will host a conference call to discuss its fourth quarter and fiscal 2024 results which will be broadcast live on November 6, 2024, beginning at 1:45 p.m. Pacific Time (PT) at https://investor.qualcomm.com/news-events/investor-events. An audio replay will be available at https://investor.qualcomm.com/news-events/investor-events and via telephone following the live call for 30 days thereafter. To listen to the replay via telephone, U.S. callers may dial (877) 660-6853 and international callers may dial (201) 612-7415. Callers should use reservation number 13749366.
Our Investor Relations website at https://investor.qualcomm.com contains a significant amount of information about us, including financial and other information for investors, and it is possible that this information could be deemed to be material information. Accordingly, investors and others interested in Qualcomm should review the information posted on our website in addition to following our press releases, SEC filings and public conference calls and webcasts.
About Qualcomm
Qualcomm relentlessly innovates to deliver intelligent computing everywhere, helping the world tackle some of its most important challenges. Our proven solutions drive transformation across major industries, and our Snapdragon® branded platforms power extraordinary consumer experiences. Building on our nearly 40-year leadership in setting industry standards and creating era-defining technology breakthroughs, we deliver leading edge AI, high-performance, low-power computing, and unrivaled connectivity. Together with our ecosystem partners, we enable next-generation digital transformation to enrich lives, improve businesses, and advance societies. At Qualcomm, we are engineering human progress.
Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering and research and development functions and substantially all of our products and services businesses, including our QCT semiconductor business. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patents are licensed by Qualcomm Incorporated. For more information, visit www.qualcomm.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241106519507/en/
Qualcomm Contact:
Mauricio Lopez-Hodoyan, Investor Relations
Phone: 1-858-658-4813
Email: ir@qualcomm.com
Source: Qualcomm Incorporated
