QCOM Earnings: Qualcomm reports higher Q4 2024 revenue and profit

Alpha Street
2024.11.06 21:04
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Qualcomm, Inc. (NASDAQ: QCOM) reported a 19% increase in Q4 2024 revenues, reaching $9.2 billion, with net income rising to $2.92 billion or $0.59 per share, compared to $1.49 billion or $0.32 per share in Q4 2023. Revenue from the CDMA Technologies division grew 18%, and Technology Licensing revenue rose 21% year-over-year. Adjusted profit increased to $0.69 per share from $0.02 per share last year.

Qualcomm, Inc. (NASDAQ: QCOM), a leading manufacturer and supplier of digital wireless communication products, reported an increase in revenues and net income for the fourth quarter of 2024.

September-quarter revenues increased 19% from last year to $10.2 billion. Revenue from the CDMA Technologies division grew 18% and Technology Licensing revenue rose 21% year-over-year during the three months.

Fourth-quarter net income came in at $2.92 billion or $2.59 per share, compared to $1.49 billion or $1.32 per share in the corresponding quarter of 2023. Adjusted profit increased to $2.69 per share in Q4 from $2.02 per share last year.

(This story will be updated shortly with infographic)

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