Qualcomm delivered robust Q4 fiscal 2024 results with revenues reaching $10.2 billion, up 19% YoY, while GAAP net income surged 96% to $2.9 billion. Non-GAAP EPS grew 33% to $2.69, driven by strong performance across segments. QCT revenues increased 18% to $8.7 billion, with automotive revenue achieving its fifth consecutive quarterly record at $899 million.For fiscal 2024, the company reported revenues of $39.0 billion, up 9% YoY, with GAAP net income of $10.1 billion, representing 40% growth. The QCT segment saw 9% revenue growth to $33.2 billion, while QTL revenues rose 5% to $5.6 billion. The company maintained strong shareholder returns, with $7.8 billion returned through dividends and share repurchases.Looking ahead, Qualcomm provided Q1 FY25 guidance with expected revenues between $10.5-11.3 billion and Non-GAAP EPS of $2.85-3.05. The Board approved a new $15.0 billion stock repurchase authorization, supplementing the remaining $1.0 billion from the previous program.

Qualcomm delivered robust Q4 fiscal 2024 results with revenues reaching $10.2 billion, up 19% YoY, while GAAP net income surged 96% to $2.9 billion. Non-GAAP EPS grew 33% to $2.69, driven by strong performance across segments. QCT revenues increased 18% to $8.7 billion, with automotive revenue achieving its fifth consecutive quarterly record at $899 million.For fiscal 2024, the company reported revenues of $39.0 billion, up 9% YoY, with GAAP net income of $10.1 billion, representing 40% growth. The QCT segment saw 9% revenue growth to $33.2 billion, while QTL revenues rose 5% to $5.6 billion. The company maintained strong shareholder returns, with $7.8 billion returned through dividends and share repurchases.Looking ahead, Qualcomm provided Q1 FY25 guidance with expected revenues between $10.5-11.3 billion and Non-GAAP EPS of $2.85-3.05. The Board approved a new $15.0 billion stock repurchase authorization, supplementing the remaining $1.0 billion from the previous program.