Qualcomm Announces Second Quarter Fiscal 2024 Results.

Revenues: $9.4 billion

GAAP EPS: $2.06, Non-GAAP EPS: $2.44

QCT Automotive: Design Win Pipeline Now Approximately $45 Billion1-

Increased Quarterly Cash Dividend to $3.40 Annualized Payout Per Share-

Qualcomm Incorporated (NASDAQ: QCOM) today announced results for its fiscal second quarter ended March 24, 2024.

'We are pleased to report strong quarterly results, with EPS exceeding the high end of our guidance,' said Cristiano Amon, President and CEO of Qualcomm Incorporated. 'We are excited about our continued growth and diversification, including achieving our third consecutive quarter of record QCT Automotive revenues, upcoming launches with our Snapdragon X platforms, and enabling leading on-device AI capabilities across multiple product categories.'

Complete Press Release

Qualcomm and Snapdragon products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm and Snapdragon are registered trademarks of Qualcomm Incorporated.

(1) As of May 1, 2024. The design win pipeline reflects the current estimated future size of awarded automaker programs, based on forecasts provided directly by automakers and Tier-1 suppliers.

(C) 2024 Electronic News Publishing, source ENP Newswire