- Qualcomm anticipates second quarter revenue between $10.3 billion and $11.2 billion, slightly above the estimate of $10.35 billion.
- The company forecasts QCT revenue to range from $8.9 billion to $9.5 billion, with an estimate at $8.92 billion.
- QTL revenue is expected to fall between $1.25 billion and $1.45 billion, with the estimate pegged at $1.4 billion.
- Adjusted EPS for the upcoming quarter is projected between $2.70 and $2.90, exceeding the estimate of $2.69.
- For the first quarter, Qualcomm reported adjusted EPS of $3.41, surpassing the year-ago figure of $2.75 and the estimate of $2.97.
- First quarter adjusted revenue came in at $11.67 billion, an 18% increase year-over-year, above the estimate of $10.93 billion.
- The QCT segment posted revenue of $10.08 billion, up 20% year-over-year, beating the $9.34 billion estimate.
- Internet of Things revenue surged 36% year-over-year to $1.55 billion, exceeding the estimate of $1.39 billion.
- Revenue from handsets rose 13% year-over-year to $7.57 billion, outperforming the $7.01 billion estimate.
- Automotive revenue climbed 61% year-over-year to $961 million, surpassing the $901.9 million estimate.
- QTL revenue increased 5.1% year-over-year to $1.54 billion, slightly below the estimate of $1.55 billion.
- The QSI segment reported zero revenue, a decrease from $13 million year-over-year, with the estimate at $7 million.
- Adjusted reconciling items for revenues totaled $50 million, a 28% increase year-over-year, above the estimate of $42.1 million.
- Adjusted operating income reached $4.38 billion, a 21% rise year-over-year, compared to the estimate of $3.9 billion.
- CEO Cristiano Amon emphasized the company’s growth in diversification initiatives and commitment to achieving $22 billion in non-handset revenues by fiscal year 2029.
“`
Qualcomm Inc on Smartkarma
Analyst coverage on Smartkarma for Qualcomm Inc provides valuable insights into the company’s strategic moves and financial performance. Baptista Research, in their report “Qualcomm’s $4 Billion PC Chip Bet: Can It Dominate Beyond Smartphones?,” highlights Qualcomm’s expansion into the PC market and projected revenue growth, marking a significant shift from its traditional smartphone focus. On the other hand, Nicolas Baratte‘s analysis, “Qualcomm Hits Record Growth in Automotive and IoT,” acknowledges Qualcomm’s strong earnings driven by chipset and licensing businesses, showcasing positive momentum amid challenges.
Additionally, analysts like Nicolas Baratte in “Qualcomm Sep-24: Nice Beat, Dec-24 Guide Small Beat. 3 Growth Factors: Smartphone AI, Automotive, PC” emphasize Qualcomm’s sustained growth trends in smartphone technologies, Automotive, and IoT markets. Douglas O’Laughlin‘s piece, “Idea in Smartphones,” hints at potential short-term share gains for Qualcomm, noting key executive actions that could influence market performance. These analyses on Smartkarma provide investors with diverse perspectives on Qualcomm’s prospects and operational strategies.
A look at Qualcomm Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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, a company that manufactures digital wireless communications equipment, has received positive Smartkarma Smart Scores. With a strong Momentum score of 4, Qualcomm shows promising signs of upward movement in the future. The company also scores well in Dividend, Growth, and Resilience, with scores of 3 across the board, indicating a stable and growing business outlook.
Overall, Qualcomm Inc‘s outlook appears favorable based on its Smartkarma Smart Scores. While the Value score is slightly lower at 2, the company’s strong performance in Dividend, Growth, Resilience, and particularly Momentum suggests a promising long-term trajectory. As a manufacturer of digital wireless communications equipment and a licensor of key intellectual property in the industry, Qualcomm Inc‘s balanced scores position it well for sustained growth and resilience in the market.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
