On November 6, 2024, Qualcomm Incorporated released its financial results for the fourth quarter and the fiscal year ended September 29, 2024. The company reported a significant increase in revenues and earnings per share (EPS), with GAAP revenues reaching $39.0 billion and GAAP EPS at $8.97, while Non-GAAP EPS was $10.22, indicating over 20% growth in fiscal year EPS. The results also highlighted a record fiscal year operating cash flow and the fifth consecutive record quarterly revenues for QCT Automotive. Qualcomm's President and CEO, Cristiano Amon, expressed satisfaction with the strong fourth-quarter results and the company's technology leadership in various sectors including Handsets, PC, Automotive, and Industrial IoT. The company's Board of Directors approved a new $15.0 billion stock repurchase authorization, in addition to...Show More

On November 6, 2024, Qualcomm Incorporated released its financial results for the fourth quarter and the fiscal year ended September 29, 2024. The company reported a significant increase in revenues and earnings per share (EPS), with GAAP revenues reaching $39.0 billion and GAAP EPS at $8.97, while Non-GAAP EPS was $10.22, indicating over 20% growth in fiscal year EPS. The results also highlighted a record fiscal year operating cash flow and the fifth consecutive record quarterly revenues for QCT Automotive. Qualcomm's President and CEO, Cristiano Amon, expressed satisfaction with the strong fourth-quarter results and the company's technology leadership in various sectors including Handsets, PC, Automotive, and Industrial IoT. The company's Board of Directors approved a new $15.0 billion stock repurchase authorization, in addition to the existing repurchase program. Looking forward, Qualcomm provided guidance for the first quarter of fiscal 2025, estimating revenues between $10.5 billion and $11.3 billion, and Non-GAAP diluted EPS between $2.85 and $3.05. The company's financial outlook does not account for proposed tax law changes, asset impairments, or pending legal matters unless they are probable and estimable.