Qualcomm Inc.
Qualcomm Reports Strong Fiscal 2024 Results
Summary
Qualcomm Incorporated announced its fiscal 2024 results, highlighting greater than 20% growth in earnings per share (EPS). The company reported GAAP revenues of $39.0 billion and Non-GAAP EPS of $10.22 for the fiscal year. Qualcomm also announced a new $15.0 billion stock repurchase authorization, in addition to the $1.0 billion remaining from a previous authorization. The company's QCT segment achieved 5th consecutive record quarterly revenues.
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About Qualcomm Inc.
Qualcomm Inc. is a global leader in the semiconductor and telecommunications equipment industries, primarily renowned for its advancements in wireless technology. The company is pivotal in developing and commercializing digital communication technologies, including 3G, 4G, and the latest 5G standards. Qualcomm's portfolio includes Snapdragon processors and modems, which are integral to the performance and connectivity features of many modern smartphones and other smart devices. With a presence in mobile, automotive, and IoT sectors, Qualcomm's innovations have a profound impact on enhancing wireless communication capabilities and powering connected experiences around the world. Additionally, Qualcomm licenses its vast array of patents to numerous device manufacturers, playing a crucial role in the evolution and deployment of new telecommunications technologies. As such, Qualcomm Inc. holds a significant position in the global technology market, driving the infrastructure for cutting-edge connectivity solutions.
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