- Qualcomm projects third-quarter revenue between $9.9 billion and $10.7 billion. Analysts estimate it at $10.33 billion.
- Quarterly estimates include QCT revenue from $8.7 billion to $9.3 billion, with an analyst estimate of $8.98 billion.
- QTL revenue is expected to be between $1.15 billion and $1.35 billion, against an estimate of $1.3 billion.
- Qualcomm anticipates adjusted earnings per share (EPS) between $2.60 and $2.80, with an estimate of $2.66.
- Capital expenditure in the first half of the year totals $491 million.
- Second-quarter results show an adjusted EPS of $2.85, a 16.8% year-over-year increase, above the estimate of $2.81.
- Adjusted second-quarter revenue is $10.84 billion, reflecting a 15% increase from the prior year, surpassing the $10.64 billion estimate.
- QCT revenue grew by 18% year-over-year to $9.47 billion, exceeding the estimate of $9.23 billion.
- Internet of Things revenue reached $1.58 billion, marking a 27% year-over-year growth and beating the estimate of $1.45 billion.
- Handsets revenue increased by 12% year-over-year to $6.93 billion, slightly above the estimate of $6.84 billion.
- Automotive segment revenue saw a significant 59% year-over-year rise to $959 million, outperforming the estimate of $909.8 million.
- QTL revenue was stable year-over-year at $1.32 billion, though slightly below the estimate of $1.35 billion.
- The QSI segment reported no revenue, compared to $3 million in the previous year and an estimate of $150 million.
- Adjusted operating income increased by 16% year-over-year to $3.69 billion, ahead of the $3.64 billion estimate.
- CEO Cristiano Amon emphasizes a focus on technology, product portfolio, customer relationships, and operational efficiency amid macroeconomic challenges.
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Qualcomm Inc on Smartkarma
Analyst coverage of Qualcomm Inc on Smartkarma reveals a positive outlook from top independent analysts. Baptista Research highlights Qualcomm’s strong financial performance in the latest quarter, with revenue exceeding expectations driven by increased sales in handsets and automotive segments. Additionally, the company’s move into the PC market with bold revenue projections indicates a strategic shift towards diversification.
William Keating’s analysis underscores Qualcomm’s impressive quarterly revenue growth and hints at a promising diversification strategy backed by recent key hires. Meanwhile, Nicolas Baratte provides a more cautious perspective, noting moderate growth and average valuations despite strong quarterly results. Overall, the diverse analyst sentiment on Smartkarma reflects Qualcomm’s evolving strategies and market positioning.
A look at Qualcomm Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Qualcomm Inc. is positioned well for long-term success, as indicated by its Smartkarma Smart Scores. With above-average scores in factors such as Resilience and Momentum, the company shows strength in its ability to weather challenges and maintain positive market momentum. This suggests that Qualcomm has a solid foundation and is poised for continued growth in the future.
Although Qualcomm’s Value score is lower, its scores in Dividend and Growth factors indicate a positive outlook for the company’s future profitability and expansion. Overall, Qualcomm Inc. appears to be a resilient and dynamic player in the digital wireless communications equipment industry, with promising prospects for long-term success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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