"This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Live Updates Qualcomm ( NASDAQ: QCOM) reports fiscal fourth-quarter results after the close tonight. Shares have rallied this fall as investors grow increasingly confident in the chipmaker's ability to convert its AI leadership into sustained earnings growth. The company's story has shifted well beyond smartphones to include AI PCs, automotive, IoT, and even robotics, all anchored by its Snapdragon and Dragonwing architectures."
"In its July quarter, Qualcomm reported revenue of $10.4 billion and EPS of $2.77, near the top of its guidance. Growth was fueled by a 21% year-over-year surge in automotive and a 24% jump in IoT revenue, validating its long-term diversification plan. CEO Cristiano Amon said the company remains on pace to meet its fiscal 2029 goal of $22 billion in combined automotive and IoT sales."
Qualcomm is reporting fiscal fourth-quarter results amid strong investor confidence that AI leadership will drive sustained earnings growth. Revenue in the July quarter reached $10.4 billion with EPS of $2.77, supported by a 21% automotive and 24% IoT revenue increase. Management aims for $22 billion in combined automotive and IoT sales by fiscal 2029. Qualcomm announced an acquisition of Arduino to broaden access to Dragonwing AI processors and tap 33 million active users. Analysts expect mid-single-digit quarterly sales growth and about 16% annual EPS expansion, with momentum in Snapdragon X Series for AI PCs.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]