Qualcomm completes a banner yr with the discharge of its This autumn monetary outcomes. Within the fiscal fourth quarter, the corporate noticed its revenues improve by 19% in comparison with This autumn 2023 whereas internet revenue nearly doubled (+96%).
Qualcomm’s report for the fiscal fourth quarter of 2024
That capped off a powerful fiscal 2024 for Qualcomm with revenues for the total yr growing by 9% in comparison with 2023 and internet revenue going up by 40%.
Full yr 2024 report in comparison with 2023
The corporate paid out $947 million in dividends in simply This autumn 2024, for the total yr the quantity is $3.68 billion. Moreover, Qualcomm repurchased $1.3 billion price of shares this quarter and a complete of $4.12 billion for the total fiscal yr. The Board of Administrators has accredited an extra inventory buyback to the tune of $15 billion.
Monetary outcomes and steering
The This autumn breakdown by division is attention-grabbing too. Naturally, the handset market is the most important earner, bringing in $6.1 billion of income. Web of Issues was subsequent with $1.7 billion and automotive is rising quick with $899 million in income. For comparability, the numbers for This autumn 2023 had been $5.5 billion handsets, $1.4 billion IoT and $535 million automotive.
The telephone market brings in probably the most income, automotive is rising
The outlook for the primary quarter of the monetary yr 2025, Qualcomm expects revenues to develop to $10.5 to $11.3 billion.
Cristiano Amon, President and CEO of Qualcomm mentioned: “We’re happy to conclude the fiscal yr with sturdy leads to the fourth quarter, delivering larger than 30% year-over-year progress in EPS. We’re enthusiastic about our current product bulletins at Snapdragon Summit and Embedded World, as they proceed to increase our know-how management and place us effectively throughout Handsets, PC, Automotive and Industrial IoT. We sit up for offering an replace on our progress and diversification initiatives at our Investor Day on November 19.”
