Qualcomm Inc (WBO:QCOM)

€ 152.96 -3.12 (-2%) Market Cap: 168.57 Bil Enterprise Value: 169.93 Bil PE Ratio: 21.87 PB Ratio: 7.64 GF Score: 91/100

Q2 2024 Qualcomm Inc Earnings Call Transcript

May 01, 2024 / 08:45PM GMT

Transcript 10-Q8-K

Key Points

Positve

Qualcomm Inc (QCOM) reported strong non-GAAP revenues of $9.4 billion and non-GAAP earnings per share of $2.44, surpassing the high end of guidance.
The company's chipset business generated $8 billion in revenue, driven by robust demand for premium tier Android smartphones and growth in the automotive sector.
Significant progress in technology and product roadmaps, particularly in on-device GenAI applications, with the launch of the Qualcomm AI Hub.
Record growth in QCT Automotive revenues, which increased by 35% year-over-year, with a design-win pipeline now valued at approximately $45 billion.
Continued leadership in 5G technology with the introduction of the Snapdragon X80, the world's most advanced 5G Modem-RF System.

Negative

Guidance for the third fiscal quarter reflects a seasonal decline in QCT handset revenues, expected to decrease by a mid-single-digit percentage sequentially.
Potential market saturation and competitive pressures in the smartphone segment, particularly with the absence of flagship handset launches in the upcoming quarter.
Challenges in the IoT segment, although recovering, still faces gradual recovery from macroeconomic factors impacting the industry.
Dependence on the Chinese market for a significant portion of revenue growth, which poses risks if geopolitical tensions or economic conditions in China worsen.
End of revenue from Huawei's product business in 2025 as the market transitions to 5G, removing a source of income for Qualcomm.

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Qualcomm Second Quarter Fiscal 2024 Earnings Conference Call. (Operator Instructions) As a reminder, this conference is being recorded May 1, 2024. The playback number for today's call is (877) 660-6853, International callers, please dial (201) 612-7415. The playback reservation number is 13745532.

I would now like to turn the call over to Mauricio Lopez-Hodoyan, Vice President of Investor Relations. Mr. Lopez-Hodoyan, please go ahead.

Mauricio Lopez;Hodoyan

QUALCOMM Incorporated - Vice President of Investor Relations

Thank you, and good afternoon, everyone. Today's call will include prepared remarks by Cristiano Amon and Akash Palkhiwala, in addition, Alex Rogers will join the question-and-answer session.

You can access our earnings release and a slide presentation that accompany this call on our Investor Relations website. In addition, this call is being webcast on qualcomm.com, and a replay will be available on our website later today. During the call today,

Already have an account? Log in

Get the full story

Start 7-Day Free Trial

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

You are not charged until the trial ends. Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.