QUALCOMM Incorporated (QCOM)
Piper Sandler Just Raised Its Price Target on Qualcomm (QCOM) Stock
Semiconductor firm Qualcomm (NASDAQ: QCOM ) resoundingly beat estimates for its fiscal third quarter. However, investors were put off by weak guidance for the company's December quarter, leading to a big drop in QCOM stock today.
Qualcomm's Growth Will Be Driven By AI-Embedded Devices (Rating Upgrade)
Qualcomm Incorporated has a strong growth trajectory as AI-enabled devices are adopted across automotive, PCs, handhelds, and wearables. Despite the anticipated flat market for devices and vehicles, Qualcomm can realize significant growth as a result of additional content per device. Automotive may become one of Qualcomm's biggest growth drivers as content per vehicle increases with more advanced digital cockpits and ADAS systems.
Qualcomm: Heading Back Up
Qualcomm Incorporated pulled back after a rally, but future growth in Automotive and AI PCs remains promising. The wireless chip company is back to reporting strong growth with solid guidance for FQ4. The stock only trades at 15x FY25 EPS targets, an incredible bargain in the chip sector.
Qualcomm sinks as phone market fears overshadow results
Qualcomm Inc (NASDAQ:QCOM, ETR:QCI) shares slid on Thursday morning after a post-results rally abruptly ended on fears over the phone market's recovery. Shares had spiked after third-quarter results showed that revenue and per-share earnings came in ahead of expectations at $9.39 billion and $2.33 respectively.
Qualcomm Is Betting on AI Smartphones for Growth. Why Analysts Are Worried.
The chip maker posted better-than-expected June quarter earnings on Wednesday. Wall Street was looking for more.
Markets Close Higher Following Powell Presser; META, QCOM, ETSY Report
Clearly the Fed feels they can afford seven more weeks of dwindling labor market and inflation data.
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.
