Why Qualcomm's Growth Looks Unstoppable
Portfolio Pulse from
Qualcomm reported strong Q4 results with $10.2 billion in revenue, an 18% YoY increase, and 35% YoY EPS growth. Automotive revenue hit a record $899 million, up 68% YoY, driven by new vehicle content and AI platforms. IoT revenues grew 24% sequentially due to new product launches.
November 18, 2024 | 5:30 pm
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Qualcomm's Q4 results show significant growth with $10.2 billion in revenue, an 18% YoY increase, and 35% YoY EPS growth. Automotive and IoT segments are key drivers.
Qualcomm's strong financial performance in Q4, with significant growth in revenue and EPS, is likely to positively impact its stock price. The automotive segment's record revenue and IoT growth highlight successful strategic initiatives, boosting investor confidence.
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