Qualcomm reported its financial results for the fourth quarter of fiscal year 2024, ending on September 29, 2024. The company recorded revenue of $10.244 billion according to GAAP, marking a 19% increase from the same period last year. Additionally, Qualcomm achieved a net profit of $2.92 billion.
During a statement, Cristiano Amon, the CEO of Qualcomm, highlighted the impact of the company’s newly announced products. He emphasized that Qualcomm continues to lead in mobile devices, PCs, automotive, and IoT industries.
The revenue breakdown by business segments for Qualcomm is as follows:
– QCT chip sales business generated revenues of $8.678 billion, showing an 18% increase. Mobile phone sales grew by 12% to $6.096 billion, automotive sales increased by 68% to $899 million, and IoT sales increased by 22% to $1.683 billion.
– QTL licensing business revenue amounted to $1.521 billion, marking a 21% increase.
Source: Qualcomm (pdf)
TLDR: Qualcomm’s Q4 2024 financial report reveals a significant revenue increase and strong performance across its business segments, with a focus on new product offerings and leadership in key industries.
Leave a Comment