Qualcomm appears to be treading in the middle of the road and investors could be better off if they trade with caution.
Qualcomm's shares have stagnated, but AI smartphone growth is just starting and will significantly benefit Qualcomm, making shares a strong buy. Qualcomm's Q4 earnings exceeded expectations, with impressive handset revenue growth and strong performance in the AI chip sector. Qualcomm's valuation is attractive with a low P/E ratio and strong projected revenue growth, presenting significant upside potential.
Revenue and profits are growing, and the company expects the good times to continue well into 2025.
Qualcomm Incorporated's strong fiscal Q4 financials include over $10 billion in revenue, annualized EPS of $10/share, and a P/E ratio in the high teens. The company's guidance forecasts nearly $11 billion in revenue and EPS approaching $12/share, driven by strong margins and reduced share count. Qualcomm leads in segments like Snapdragon processors, automotive intelligence, and Wi-Fi 7, despite risks from potential Intel acquisition and Arm lawsuit.
Shares of Qualcomm Inc QCOM remained volatile in early trading on Thursday, after the company reported upbeat fiscal fourth-quarter results.
Alex Coffey discusses markets hitting new all-time highs on Thursday, and places example trades on Qualcomm (QCOM) and Arm Holdings (ARM) after earnings on today's The Daily Trader,
QCOM beats fourth-quarter fiscal 2024 earnings estimates on top-line growth led by solid automotive, handset and IoT revenues.
Semiconductor firm Qualcomm Inc (NASDAQ:QCOM) reported fiscal fourth-quarter results after yesterday's close, with earnings per share and revenue both beating estimates.
Qualcomm Inc. NASDAQ: QCOM, the California-based semiconductor heavyweight with a market cap of $192 billion, has had a decent year. It started with a bang and continued 2023's rally all the way to a fresh all-time high in June before shares slid 35% into August.
Qualcomm (QCOM) is rallying Thursday morning after a strong earnings report. Olivier Blanchard from the Futurum Group thinks the changes the company has made over the last 10 years puts it in a strong position to continue to rally.
Mobile chipset major Qualcomm (NASDAQ: QCOM) posted a better-than-expected set of Q4 FY'24 yesterday and guided better-than-expected numbers for the holiday quarter, driving the stock up by about 6% in after-hours trading on Wednesday. While revenue rose 9% year-over-year to $33.19 billion, earnings saw a considerable jump rising to $2.59 per share, up from $1.23 per share in the year-ago period.
Qualcomm's shares rose more than 8% on Thursday after the company forecast first-quarter results ahead of Wall Street estimates as the chip designer benefits from a recovery in the smartphone market and the launch of new Chinese handsets.