The following is a summary of the QUALCOMM Incorporated (QCOM) Q4 2024 Earnings Call Transcript:

Financial Performance:

• QUALCOMM reported Q4 non-GAAP revenues of $10.2 billion, and non-GAAP EPS of $2.69.

• Chipset business revenues were $8.7 billion, and licensing business revenues were $1.5 billion.

• In fiscal 2024, Qualcomm delivered revenues of $39 billion and non-GAAP EPS of $10.22, reflecting a year-over-year growth of 21%.

• QCT automotive revenues grew 68% year-over-year.

Business Progress:

• Qualcomm is continuing its transformation into a connected computing company for the edge of AI.

• Notable developments include the introduction of Snapdragon 8 Elite, recognized as the world's fastest mobile processor.

• Expansion of the Snapdragon X Series portfolio, including the launch of the Snapdragon X Plus 8-core compute platform.

• Establishment in emerging markets such as AI-ready industrial IoT solutions and powerful platforms for automotive computing.

Opportunities:

• Expansion into AI-enabled edge computing devices and applications.

• Sustained innovation and delivery in Snapdragon products fueling growth in premium mobile and computing devices.

• Promising developments in automotive and IoT segments create new revenue streams.

Risks:

• Dependence on successful launches and adoption rates of new technologies such as Snapdragon 8 Elite and AI-based platforms.

• Increasing competition in both mobile chipsets and automotive platforms.

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