Qualcomm Inc. (QCOM)
Qualcomm (QCOM) Tops Q3 Earnings Estimates on Solid Revenues
Qualcomm (QCOM) beats third-quarter fiscal 2024 earnings estimates driven by healthy top-line growth led by solid automotive and handset revenues.
QUALCOMM Incorporated (QCOM) Q3 2024 Earnings Call Transcript
QUALCOMM Incorporated (NASDAQ:QCOM ) Q3 2024 Results Conference Call July 31, 2024 4:45 PM ET Company Participants Mauricio Lopez-Hodoyan - Vice President, Investor Relations Cristiano Amon - President and Chief Executive Officer Akash Palkhiwala - Chief Financial Officer and Chief Operating Officer Alex Rogers - President of Qualcomm Technology Licensing and Global Affairs Conference Call Participants Matt Ramsay - TD Cowen Samik Chatterjee - JPMorgan Chris Caso - Wolfe Research Stacy Rasgon - Bernstein Research Joe Moore - Morgan Stanley Christopher Rolland - Susquehanna Ross Seymore - Deutsche Bank Tal Liani - Bank of America Tom O'Malley - Barclays Operator Ladies and gentlemen, thank you for standing by. Welcome to the Qualcomm Third Quarter Fiscal 2024 Earnings Conference Call.
Qualcomm (QCOM) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Qualcomm (QCOM) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Qualcomm (QCOM) Beats Q3 Earnings and Revenue Estimates
Qualcomm (QCOM) came out with quarterly earnings of $2.33 per share, beating the Zacks Consensus Estimate of $2.25 per share. This compares to earnings of $1.87 per share a year ago.
Qualcomm's stock powers higher after upbeat earnings and forecast
Qualcomm Inc.'s stock soared more than 8% on Wednesday alongside a broader rally in chip names, and it was poised to move higher yet based on aftermarket action.
Qualcomm beats estimates and phone chip sales are up 12%
Qualcomm's biggest and most important business is processors and modems for smartphones, which was up 12% on an annual basis. The company's IoT and automotive businesses also beat Wall Street expectations.
Qualcomm forecasts quarterly revenue above estimates on smartphone strength
Qualcomm forecast fourth-quarter revenue above Wall Street estimates on Wednesday, helped by strong demand for high-end Android devices, and betting that more chips will be used in smartphones that are getting AI upgrades.
Qualcomm Earnings Come Today. Don't Hold Your Breath for a Boost From AI Phones.
The maker of mobile processors and 5G wireless chipsets reports its June-ended fiscal third quarter after the market close Wednesday.
Is Qualcomm (QCOM) Stock a Smart Buy Before Q3 Earnings Release?
With solid fundamentals and healthy revenue-generating potential driven by robust demand trends, Qualcomm (QCOM) appears to be a solid investment proposition.
Qualcomm: Diversification Strategy Underway
Qualcomm's diversification strategy is showing positive signs, with growth in the Automotive and IoT segments outpacing the Handset segment. Despite concentrated geographic revenue exposure and customer concentration, this exposure may still benefit margins through rising QCT exposure. The company faces short-term growth headwinds in 2024, but significant growth potential is seen in IoT and Automotive segments, driving long-term revenue growth.
1 Top Artificial Intelligence (AI) Stock That Could Start Soaring After July 31
Qualcomm stock has pulled back lately, but it could regain its momentum once it reports earnings next week. The recovery in the smartphone market and the growing demand for AI smartphones could help the company deliver better-than-expected results.
Qualcomm Analyst Predicts 34% Upside: 'Share Price Pullback Offers Entry Point'
Qualcomm Inc‘s QCOM shares dropped 13% in just a month; this presents an excellent entry point for investors looking to capitalize on a promising upswing driven by artificial intelligence adoption.
