Qualcomm Financial Report: Qualcomm's revenue in Q4 of fiscal year 2024 was US$10.244 billion, a year-on-year increase of 19%

Qualcomm Financial Report: Qualcomm's revenue in Q4 of fiscal year 2024 was US$10.244 billion, a year-on-year increase of 19%

Qualcomm released its fourth quarter and full-year financial report for fiscal year 2024 ending September 29, 2024. All indicators increased significantly and exceeded expectations. The situation was encouraging, driving the pre-market stock price up nearly 7%. In the quarter, Qualcomm's adjusted revenue was US$10.244 billion, a year-on-year increase of 19%, net profit was US$2.920 billion, and earnings per share were US$2.59, both up 96% year-on-year.

Among them, QCT's revenue from chip business for mobile phones, automobiles, etc. was US$8.678 billion, a year-on-year increase of 18%; QTL's technology licensing business had revenue of US$1.521 billion, a year-on-year increase of 21%.

It is particularly worth mentioning that Chinese customers contributed more than 46% of Qualcomm's revenue in the quarter, making them the main force among the main forces.

The Snapdragon 888 was a name specially customized for Chinese customers.

For the full year, Qualcomm's total revenue reached US$38.962 billion, a year-on-year increase of 9%, and its net profit was US$10.142 billion, with earnings per share of US$8.97, both up 40% year-on-year.

Among them, QCT's revenue was US$33.196 billion, a year-on-year increase of 9%; QTL's revenue was US$5.572 billion, a year-on-year increase of 5%.

Qualcomm expects first-quarter revenue of $10.5 billion to $11.3 billion and diluted earnings per share of $2.85 to $3.05 in fiscal 2025, also exceeding analysts' expectations.

Zikuai Technology

<<:  Why is Apple's self-designed A-series chips so successful?

>>:  The PS4 version of "Child of Light" in China: Ubisoft's belated version of Miyazaki's fairy tale

Recommend

iOS 9's "Wallet" feature will allow merchants to send product updates

Recently, Apple announced information related to ...

10 tips for video marketing promotion!

It is estimated that by 2022, video traffic will ...

A 50-inch smartphone for just over 2,000 yuan? Coocaa K50J unboxing review

Which Internet TV is the best? There may be no co...

Snow leopards, big cats active in the snowy mountains

In nature, there is a big cat with a long tail th...

Case analysis: How to achieve user growth?

How to achieve user growth for Airbnb using the A...

Two carriages are filled in one minute! How heavy is a heavy-load train?

Did you know? In just one minute, a heavy-load tr...

After the bonus period, you should take this complete guide to channel operation

The traffic dividend has passed, so how will traf...

Interview with Zenny Chen: iOS developers should pay attention to Metal

[[120974]] CocoaChina: How did you get involved i...

Opinion: We have overestimated the economic benefits of artificial intelligence

Are we overestimating the impact of generative AI...