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Revenue and profits are growing, and the company expects the good times to continue well into 2025.
Qualcomm Incorporated delivered strong Q4 earnings, beating estimates and showing revenue growth, particularly in the QCT segment, with improved EBIT margins and raised guidance. Despite positive earnings, Qualcomm remains undervalued due to headwinds from Apple's in-house chip plans and potential trade issues with China. A conservative DCF analysis suggests QCOM is undervalued by 16%, with potential for significant upside if Apple delays its chip plans or automotive revenues accelerate.
Qualcomm Incorporated's strong fiscal Q4 financials include over $10 billion in revenue, annualized EPS of $10/share, and a P/E ratio in the high teens. The company's guidance forecasts nearly $11 billion in revenue and EPS approaching $12/share, driven by strong margins and reduced share count. Qualcomm leads in segments like Snapdragon processors, automotive intelligence, and Wi-Fi 7, despite risks from potential Intel acquisition and Arm lawsuit.
Shares of Qualcomm Inc QCOM remained volatile in early trading on Thursday, after the company reported upbeat fiscal fourth-quarter results.
Alex Coffey discusses markets hitting new all-time highs on Thursday, and places example trades on Qualcomm (QCOM) and Arm Holdings (ARM) after earnings on today's The Daily Trader,
I reiterate a 'Sell' rating on Qualcomm, citing concerns over Apple's potential shift to in-house 5G modems, impacting Qualcomm's future growth. Despite Qualcomm's strong Q4 results and new $15 billion stock repurchase authorization, the risk from Apple's modem development remains significant. Qualcomm's Snapdragon 8 Elite and AI PC market growth offer potential upside, but I believe Apple's transition could reduce Qualcomm's revenue by 3% from FY26 to FY28.
QCOM beats fourth-quarter fiscal 2024 earnings estimates on top-line growth led by solid automotive, handset and IoT revenues.
Semiconductor firm Qualcomm Inc (NASDAQ:QCOM) reported fiscal fourth-quarter results after yesterday's close, with earnings per share and revenue both beating estimates.
The post-election rally has been nothing short of explosive, with the S&P 500 blasting off over 2.5% in response to Donald Trump's presidential victory.
Qualcomm Inc. NASDAQ: QCOM, the California-based semiconductor heavyweight with a market cap of $192 billion, has had a decent year. It started with a bang and continued 2023's rally all the way to a fresh all-time high in June before shares slid 35% into August.