QUALCOMM Full Year 2024 Earnings: EPS Beats Expectations

QUALCOMM (NASDAQ:QCOM) Full Year 2024 Results

Key Financial Results

• Revenue: US$39.0b (up 8.8% from FY 2023).
• Net income: US$10.1b (up 38% from FY 2023).
• Profit margin: 26% (up from 21% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$9.06 (up from US$6.57 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

QUALCOMM EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.0%.

The primary driver behind last 12 months revenue was the Qualcomm CDMA Technologies (QCT) segment contributing a total revenue of US$33.2b (85% of total revenue). The largest operating expense was Research & Development (R&D) costs, amounting to US$8.89b (75% of total expenses). Explore how QCOM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 3.4% from a week ago.

Valuation

Our analysis of QUALCOMM based on 6 different valuation metrics shows it might be undervalued. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.

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