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Thursday, February 1, 2024

Qualcomm’s Q1 earnings present promise with uptick in chipset gross sales

What you must know

  • Qualcomm introduced its  Q1 FY2024 monetary earnings on Wednesday with a reported $9.9 billion in complete income.
  • Handsets gross sales rose by 16%, whereas automotive noticed an uptick of 31% in gross sales this quarter. 
  • The agency is engaged on enhancing its XR expertise with Google and Samsung.

Qualcomm introduced its Q1 monetary earnings for fiscal yr 2024 on Wednesday, posting a ‘sturdy’ Q1 primarily based on its handsets and automotive gross sales. The corporate reported $9.9 billion in complete income, a 5% uptick in comparison with the $9.4 billion reported through the first quarter of 2023.

“We’re extraordinarily happy to report sturdy quarterly outcomes, with revenues and EPS exceeding the excessive finish of our steerage,” stated Cristiano Amon, president and CEO of Qualcomm.

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