- Qualcomm predicts an adjusted EPS (Earnings Per Share) between $2.25 to $2.45 for the first quarter, matching the estimated $2.25.
- The company anticipates revenue between $9.1 billion to $9.9 billion, slightly higher than the estimated $9.26 billion.
- QCT (Qualcomm CDMA Technologies) revenue is projected to be between $7.7 billion to $8.3 billion, surpassing the estimated $7.78 billion.
- QTL (Qualcomm Technology Licensing) revenue is expected to range from $1.3 billion to $1.5 billion, also above the estimated $1.42 billion.
- The company reported an adjusted EPS of $2.02 for the fourth quarter, lower than the $3.13 from the previous year but higher than the estimated $1.92.
- Adjusted revenue for the fourth quarter was $8.67 billion, a 24% decrease year over year, but above the estimated $8.51 billion.
- Revenue from the Internet of Things was $1.38 billion, down 31% from the previous year, and lower than the estimated $1.46 billion.
- Handsets revenue was $5.46 billion, a 27% decrease year over year, but slightly higher than the estimated $5.43 billion.
- Automotive revenue showed improvement with $535 million, a 15% increase year over year, and higher than the estimated $483.6 million.
- QTL revenue came in at $1.26 billion, down 12% from the previous year, but on par with the estimated $1.26 billion.
- The QSI (Qualcomm Strategic Initiatives) segment brought in $6 million in revenue, a 33% decrease year over year, and lower than the estimated $9.33 million.
- Adjusted operating income was reported at $2.67 billion, higher than the estimated $2.58 billion.
- CEO Cristiano Amon expressed satisfaction with the company’s roadmap and product execution as they enter fiscal 2024.
Qualcomm Inc on Smartkarma
Analysts on Smartkarma, an independent investment research network, have recently released research reports on Qualcomm Inc. Baptista Research‘s report, “Qualcomm Incorporated: Collaboration With Sony & Other Major Developments” presented a bullish outlook, noting that the company’s strong performance supported its revenue despite mixed results in the most recent quarter. Similarly, Kevin George‘s report, “Qualcomm: A Sleeper Stock For Potentially Big AI Gains” suggests that the company’s partnership with Meta could open up new opportunities for everyday consumers, potentially boosting Qualcomm’s market position. Brian Freitas‘ report, “MVIS US Listed Semiconductor 25 Index Rebalance: Chipping Away” discussed the upcoming index rebalance and estimated a one-way trade of $358 million. Lastly, Baptista Research‘s report, “Qualcomm Incorporated: New Processor Launch Amidst Market Slowdown – Key Drivers” highlighted the company’s decent results in the face of a difficult macroeconomic climate.
Overall, analysts on Smartkarma have presented a bullish outlook on Qualcomm Inc, noting the company’s strong performance and potential opportunities for growth.
A look at Qualcomm Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Qualcomm Inc is a leading manufacturer of digital wireless communications equipment. It is well-positioned for long-term success, as indicated by its Smartkarma Smart Scores. The company has a strong Value score of 2, which shows that it is a reliable and sound investment. Its Dividend score of 3 means that shareholders can expect a steady return on their investments. Its Growth score of 5 is the highest possible, showing that the company is well-positioned for long-term success. Its Resilience score of 3 indicates that it is well-prepared to endure market downturns. Finally, its Momentum score of 4 shows that it is on a positive trajectory.
Overall, Qualcomm Inc has the potential for long-term success. Its strong scores across the board show that it is a reliable and sound investment, and that shareholders can expect a steady return on their investments. With its CDMA-based integrated circuits and software for wireless content enablement, Qualcomm Inc is well-positioned to maintain its success in the long-term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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