$QCOM (-2,78 %) | Qualcomm Q4 FY2024 Earnings Highlights:

🔹 Revenue: $10.2B (Est. $9.9B) 🟢; UP +19% YoY

🔹 EPS: $2.69 (Est. $2.56) 🟢; UP +33% YoY

🔹 Net Income: $3.04B; UP +33% YoY

🔸 New $15B Stock Repurchase Plan approved

Q1 Guidance

🔹 Revenue: $10.5B - $11.3B (Est. $10.54B) 🟢

🔹 Non-GAAP EPS: $2.85 - $3.05 (Est. $2.79) 🟢

🔹 QCT Revenue: $9.0B - $9.6B

🔹 QTL Revenue: $1.45B - $1.65B

Q4 QCT (Qualcomm CDMA Technologies):

🔹 Revenue: $8.68B; UP +18% YoY

🔹 EBT: $2.47B; UP +30% YoY

🔹 EBT as % of Revenue: 28% (UP 2 percentage points YoY)

Breakdown:

🔹 Handsets: $6.1B; UP +12% YoY

🔹 Automotive: $899M; UP +68% YoY

🔹 IoT: $1.68B; UP +22% YoY

QTL (Qualcomm Technology Licensing):

🔹 Revenue: $1.52B; UP +21% YoY

🔹 EBT: $1.12B; UP +35% YoY

🔹 EBT as % of Revenue: 74% (UP 8 percentage points YoY)

Fiscal Year 2024 Summary

🔹 Total Revenue: $39.0B; UP +9% YoY

🔹 Non-GAAP EPS: $10.22; UP +21% YoY

🔹 Operating Cash Flow: Record level for the fiscal year

Shareholder Returns and Stock Repurchase Plan

🔸 New $15B Stock Repurchase Plan approved, adding to the remaining $1B from the prior program.

🔸 Dividends and Share Buybacks in Q4: $2.25B, with an $0.85 per share dividend

CEO Commentary

🔸 "Strong results in Q4 reflect Qualcomm's technology leadership across Handsets, PC, Automotive, and IoT," said Cristiano Amon, President and CEO. "Our recent product innovations from Snapdragon Summit underscore our commitment to advancing growth and diversification."

Strategic Highlights

🔸 Automotive Segment: Achieved 5th consecutive record quarterly revenue

🔸 New Product Announcements: Snapdragon Summit featured products across sectors, solidifying Qualcomm's position in next-gen technology