On May 1, 2024, Qualcomm Incorporated released its financial results for the second quarter of fiscal year 2024. The company reported revenues of $9.4 billion, a slight increase from the previous year's $9.275 billion. GAAP earnings per share (EPS) were $2.06, while Non-GAAP EPS stood at $2.44. Qualcomm's QCT Automotive segment saw a significant design win pipeline, now valued at approximately $45 billion, and the company increased its quarterly cash dividend to an annualized payout of $3.40 per share. The QCT segment, which includes handsets, automotive, and IoT, brought in $8.026 billion in revenue, with automotive revenue growing by 35% to $603 million. However, IoT revenue saw an 11% decrease. The company also returned $1.6 billion to stockholders through dividends and share repurchases. Looking ahead, Qualcomm provided guidance for the third quarter of fiscal 2024, estimating revenues between $8.8 billion and $9.6 billion, and Non-GAAP diluted EPS between $2.15 and $2.35. The earnings call was broadcast live, and the company emphasized the inclusion of Non-GAAP financial measures to provide useful information to investors.

On May 1, 2024, Qualcomm Incorporated released its financial results for the second quarter of fiscal year 2024. The company reported revenues of $9.4 billion, a slight increase from the previous year's $9.275 billion. GAAP earnings per share (EPS) were $2.06, while Non-GAAP EPS stood at $2.44. Qualcomm's QCT Automotive segment saw a significant design win pipeline, now valued at approximately $45 billion, and the company increased its quarterly cash dividend to an annualized payout of $3.40 per share. The QCT segment, which includes handsets, automotive, and IoT, brought in $8.026 billion in revenue, with automotive revenue growing by 35% to $603 million. However, IoT revenue saw an 11% decrease. The company also returned $1.6 billion to stockholders through dividends and share repurchases. Looking ahead, Qualcomm provided guidance for the third quarter of fiscal 2024, estimating revenues between $8.8 billion and $9.6 billion, and Non-GAAP diluted EPS between $2.15 and $2.35. The earnings call was broadcast live, and the company emphasized the inclusion of Non-GAAP financial measures to provide useful information to investors.