Qualcomm reports Q3 revenue up 11% YoY to $9.39B, vs. $9.21B est., handset chip sales up 12% YoY to $5.9B, and forecasts Q4 revenue above estimates
Ian King / Bloomberg :
Bloomberg Ian King
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Discussion
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@benbajarin
Ben Bajarin
on x
Solid beat and raise by @qualcomm. No real bogeys in the quarter and just a continuation of momentum and the growth story. This steady growth isn't being driven by AI, it's just product execution. The AI story is a sleeper potential upside but not needed for continued growth. [im…
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@anshelsag
Anshel Sag
on x
Strong earnings and strong guidance from @Qualcomm on earnings today. This is especially encouraged by IoT, which was down again this quarter by 8%, expecting a double-digit improvement next quarter from @Snapdragon X Elite Copilot+ PCs. $QCOM [image]
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@beth_kindig
Beth Kindig
on x
Qualcomm $QCOM beat on the top and bottom line, reporting revenue of $9.39 billion and adjusted EPS of $2.33, versus consensus for $9.22 billion and EPS of $2.25. Qualcomm guided fiscal Q4 revenue between $9.5 billion and $10.3 billion, while analysts were expecting $9.7
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@patrickmoorhead
Patrick Moorhead
on x
And it's a beat-beat-raise for $QCOM. It was great to chat with @cristianoamon. The diversification story is on display for the quarter as the auto business shows monster growth when the auto market is down. Overall, it is, but Qualcomm is growing some big share here, and it's [i…