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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