The CEO of Qualcomm Cristiano Amon speaks at the Computex Forum in Taipei, Taiwan, June 3, 2024.
Ann Wang Reuters
Qualcomm The results of the first quarter of the fiscal were reported better than expected on Wednesday and issued strong guidance for the current period.
Here’s how Chipmaker make up for the LSEG consensus estimates for the quarter ending on December 29:
- Arrow profits: $ 3.41, amendment, for $ 2.96
- profit: 11.67 billion dollars for $ 10.93 billion
In revenues in the quarter increased by 18 % from 9.92 billion dollars a year ago. The shares have increased more than 1 % in extended trading.
For March quarter, Qualcomm said it expects revenues ranging from 10.2 billion dollars and $ 11 billion, which tops Lseg expectations in the middle of 10.34 billion dollars. The company expects modified profits ranging between $ 2.70 and $ 2.90 per share. The mid -range is higher than Wall Street, $ 2.69 per share.
Qualcomm said that net income increased by 15 % to 3.18 billion dollars, or $ 2.83 per share from 2.77 billion dollars, or $ 2.46 per share, a year ago.
Excluded the company’s modified profits number, such as the expected revenues resulting from the settlement of the dispute, the elements related to the acquisition, as well as search and development expenses.
All the three main Qualcomm end of its chips have grown during a quarter. Its QCT section, which includes sales of physical chips, increased by 20 % to $ 10.1 billion.
The most important market for Qualcomm is mobile phones, which has grown by 13 % year on an annual basis to $ 7.57 billion of sales. Analysts surveyed by FactSet were looking for 7.04 billion dollars in phone sales, or about 5 % growth.
Qualcomm’s fastest growth market is its car business, which has grown by 61 % to 961 million dollars in sales, as long -term contracts for company spare parts and their programs turn into registered revenues.
Qualcomm has witnessed a large demand for customers in China for expensive “excellent” smartphones, CEO Cristiano Amon told CNBC from Christina Pancysinilus. The company also benefited from the latest Galaxy from Samsung using Qualcomm processors exclusively.
Qualcomm “IOS” works include low -power chips for industrial purposes in addition to selling Chips Qualcomm Dead To run its headphones and the relatively new Snapdragon elite chips for Windows. The first laptop chips were released in Qualcomm last year.
Revenue in the company’s Internet business has grown 36 % during the quarter to $ 1.55 billion.
Qualcomm also has a license company, called QTL, where other technology companies are pushing it to reach its 5G intellectual property and cellular technology. Qualcomm has reported 1.54 billion dollars sales, and it signed the prominent Chinese smart phone maker to a 4G license, as well as final long -term licenses negotiations with two Chinese manufacturers.
Qualcomm said it had paid $ 942 million of stock profits and spent $ 1.8 billion to restore stocks during the quarter.
