Qualcomm $QCOM Fourth Quarter 2024 Earnings Call Recap

08/11/2024 8 min
Qualcomm $QCOM Fourth Quarter 2024 Earnings Call Recap

Listen "Qualcomm $QCOM Fourth Quarter 2024 Earnings Call Recap"

Episode Synopsis

Qualcomm's recent earnings announcement reveals strong growth in the fourth quarter and fiscal year 2024, with revenues exceeding $38 billion and earnings per share surpassing $8. The company highlights significant gains across segments including QCT (Qualcomm CDMA Technologies) and QTL (Qualcomm Technology Licensing), with QCT automotive revenues reaching a record high for the fifth consecutive quarter. The press release also includes forward-looking statements, providing guidance on Q1 FY25 revenue and earnings, and outlines the company's strategy for returning capital to shareholders through stock repurchases and dividends. The report concludes with a detailed analysis of Non-GAAP financial measures, explaining why these metrics are used and providing reconciliations with GAAP results.