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Highlights

  • Qualcomm’s Q4FY24 revenue grew 18.7% YoY, reaching USD 10.24 billion
  • Net income surged 96.1% YoY, totaling USD 2.92 billion in Q4FY24
  • The company declared a quarterly cash dividend of USD 0.85 per share for Q1FY25
  • Q1FY25 revenue is expected between USD 10.5 billion and USD 11.3 billion

Qualcomm Incorporated (NASDAQ:QCOM) specializes in development and marketing essential technologies for the wireless sector, covering 3G, 4G, and 5G connectivity, as well as high-performance, energy-efficient computing, and on-device AI. As of January 21, 2025, Qualcomm's dividend yield stands at 2.03%.

For the fourth quarter of the financial year 2024 (Q4FY24), Qualcomm reported a total revenue of USD10,244 million, an 18.7% YoY increase from Q4FY23. It was driven by a USD 2.7 billion rise in equipment and services revenue from the QCT segment and a USD 266 million boost in licensing revenue from the QTL segment.

Net income for the quarter surged by 96.1% YoY, reaching USD2,920 million, due to higher total revenue, though partially offset by increased costs and expenses. In Q4FY24, operating cash inflow grew by 8.0% YoY to USD 12,202 million, reflecting favorable changes in net working capital and higher net income.

However, cash and cash equivalents decreased by 7.1% YoY, to USD 7,849 million, mainly due to cash outflows from investing and financing activities, despite positive operating cash inflows.

Recent Business Update

The company has announced a quarterly cash dividend of USD 0.85 per common share. It is scheduled to be paid on March 27, 2025.

Company Outlook

Qualcomm expects Q1FY25 revenue between USD 10.5 billion and USD 11.3 billion. QCT revenue is projected at USD 9.0 billion to USD 9.6 billion, and QTL revenue at USD 1.45 billion to USD 1.65 billion. GAAP EPS is expected between USD 2.39 and USD 2.59, with Non-GAAP EPS ranging from USD 2.85 to USD 3.05. Actual results may vary due to risks noted in SEC filings.

Top 10 shareholders

Qualcomm’s top 10 shareholders collectively own approximately 31.45% of the company’s total shares. Among them, The Vanguard Group, Inc. and BlackRock Institutional Trust Company, N.A. are the largest, holding stakes of around 10.13% and 5.83%, respectively.

Price Performance

Qualcomm (QCOM) has seen a 0.60% drop in its share price over the past three months. In the longer term, the stock has experienced a decline of 4.17% over the past six months. Currently, QCOM's stock is nearing the lower end of its 52-week range, which spans from a high of USD 230.63 to a low of USD 139.26. As of January 27, 2025, the stock closed at USD 171.18.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is January 27, 2025. The reference data in this report has been partly sourced from EODHD/Others.