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Akash Palkhiwala - 1 Cristiano Amon - 1
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Qualcomm - 1 Apple - 1 Nvidia - 1 Quest - 1 Microsoft - 1

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☆ Qualcomm pops 10% on chipmaker's earnings and revenue beat
  + stars: | 2024-11-06 | by ( Kif Leswing | ) www.cnbc.com   time to read: +3 min
Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and the company guided to a strong December quarter. The company reported $2.92 billion in net income, or $2.59 per share, a sharp jump from last year's $1.49 billion, or $1.23 per share. Qualcomm reported $33.19 billion in total revenue in its fiscal 2024, a 9% increase from 2023. Qualcomm reported a 12% increase in handset chip sales to $6.1 billion, in line with FactSet estimates. The company's profitable technology licensing business, QTL, reported $1.52 billion in revenue, a 21% increase over the same period last year.
Persons: Akash Palkhiwala, Cristiano Amon Organizations: Qualcomm, Apple, Nvidia, Quest, Microsoft
☆ Qualcomm gives light forecast, phone chip sales fall 17%
  + stars: | 2023-05-03 | by ( Kif Leswing | ) www.cnbc.com   time to read: +3 min
Analysts were expecting current-quarter earnings guidance of $2.16 per share, but Qualcomm said it expected it that to be around $1.80. Qualcomm reported second-quarter earnings on Wednesday that were in line with analyst expectations but saw sales from handset chips, a core business for the company, decline 17% on an annual basis. The biggest part of QCT's sales come from handset chips, which are the processors at the heart of most Android phones. Qualcomm reported $6.11 billion in handset sales, down 17% from last year. Qualcomm said it made $900 million in share repurchases and paid $800 million in dividends during the quarter.
☆ Qualcomm CFO Focuses on Investing in Budding Automotive Business
  + stars: | 2022-09-27 | by ( Mark Maurer | Qualcomm Cfo Akash Palkhiwala | ) www.wsj.com   time to read: +6 min
The company estimated $1.3 billion in auto revenue for the fiscal year ended Sunday, up 33% from the prior year. Ninety percent of Qualcomm’s auto-related revenue forecast through 2026 is based on existing design wins from across the business line, Mr. Palkhiwala said. “It’s a business that’s important to us,” Mr. Palkhiwala said about the auto-chips division. Like Qualcomm, chip companies such as Intel Corp. and Nvidia Corp. are wading deeper into the auto market. Nvidia reported $566 million in revenue for its auto business in the year ended in January, up 5.6% from the prior-year period.
☆ Qualcomm's first auto investor day offers signs the industry is embracing its tech platform
  + stars: | 2022-09-22 | by ( Kevin Stankiewicz | ) www.cnbc.com   time to read: +7 min
The estimated figure stems from Qualcomm's deals with auto companies that it expects to translate into sales in future years. Its booming auto pipeline and additional tie-ups with vehicle original equipment manufacturers (OEMs) offer more evidence that the industry is embracing its automotive platform. More Club thoughts Thursday's auto event has been circled on our calendars because it goes to the heart of our investment thesis in the company: revenue diversification. Nonetheless, the market has not been kind to Qualcomm's stock price this year, sending it down by more than 30%, as investors jumped ship over fears of a smartphone slowdown and higher interest rates. Qualcomm's stock closed down 0.75% on Thursday, at $123.68 a share.
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