The earnings call reflects a positive sentiment with significant growth in automotive and IoT segments, strong financial results surpassing guidance, and promising partnerships. However, there are some concerns, such as the ARM licensing dispute and dynamics in the handset market.

Company Guidance

During the Qualcomm Fourth Quarter and Fiscal 2024 Earnings Conference Call, the company provided guidance for the upcoming fiscal year. Qualcomm expects global 3G, 4G, and 5G handset units to grow by a low to mid-single-digit percentage in calendar 2024. For the first quarter of fiscal 2025, they anticipate revenues between $10.5 billion and $11.3 billion, with non-GAAP earnings per share ranging from $2.85 to $3.05. The company forecasts QCT revenues of $9 billion to $9.6 billion, with an EBITDA margin of 29% to 31%, and QTL revenues between $1.45 billion and $1.65 billion, with EBITDA margins of 73% to 77%. Qualcomm also projects a more than 20% year-over-year increase in QCT IoT revenues, driven by growth across consumer, industrial, and networking segments. Additionally, QCT automotive revenues are expected to grow by 50% year-over-year and remain approximately flat sequentially.

Strong Financial Performance in Q4

Non-GAAP revenues of $10.2 billion and EPS of $2.69, surpassing the high end of guidance. QCT delivered revenues of $8.7 billion, with IoT revenues increasing 24% from the prior quarter.

Automotive Revenue Growth

Achieved fifth consecutive quarter of record QCT automotive revenues of $899 million, with sequential growth of 11% and year-over-year growth of 68%.

Promising Outlook for Fiscal '25

Guidance for Q1 fiscal '25: revenues of $10.5 billion to $11.3 billion and non-GAAP EPS of $2.85 to $3.05, with anticipated growth in QCT IoT revenues and automotive revenues.

Partnerships and Strategic Alliances

Collaborations with Meta, Amazon, and others to advance AI-enabled edge computing and enhance product offerings.

Expansion in PC Market

Launch of Snapdragon X Plus platform, targeting $700 price tier, with significant increase in design wins from 20 to 58 platforms.

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Qualcomm (QCOM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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QCOM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 25, 2018	2018 (Q3)	- / 1.01	0.83	21.69% (+0.18)	―	―
Nov 07, 2018	2018 (Q4)	- / 0.90	0.92	-2.17% (-0.02)	―	―
Jan 30, 2019	2019 (Q1)	- / 1.20	0.98	22.45% (+0.22)	―	―
May 01, 2019	2019 (Q2)	- / 0.77	0.8	-3.75% (-0.03)	―	―
Jul 31, 2019	2019 (Q3)	- / 0.80	1.01	-20.79% (-0.21)	―	―
Nov 06, 2019	2019 (Q4)	- / 0.78	0.9	-13.33% (-0.12)	―	―
Feb 05, 2020	2020 (Q1)	- / 0.99	1.2	-17.50% (-0.21)	―	―
Apr 29, 2020	2020 (Q2)	- / 0.88	0.77	14.29% (+0.11)	―	―
Jul 29, 2020	2020 (Q3)	- / 0.86	0.8	7.50% (+0.06)	―	―
Nov 04, 2020	2020 (Q4)	- / 1.45	0.78	85.90% (+0.67)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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QCOM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 06, 2024	$172.09	$172.01	-0.05%
Jul 31, 2024	$165.22	$179.08	+8.39%
May 01, 2024	$161.75	$177.51	+9.74%
Jan 31, 2024	$145.64	$138.38	-4.98%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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