Qualcomm Q4 Earnings Highlights: Revenue Beat, EPS Beat, Chipmaker's Guidance Comes In Ahead Of Estimates
Benzinga
2023-11-02
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Qualcomm reported fourth-quarter revenue of $8.67 billion, which was down 24% year-over-year. The revenue beat a Street consensus estimate of $8.51 billion, according to data from Benzinga Pro.
The company reported earnings per share of $2.02, which beat a Street consensus estimate of $1.91.
Revenue was $7.37 billion for the QCT segment, down 26% year-over-year, and $1.26 billion for the QTL segment, down 12% year-over-year.
QCT revenue consisted of $535 million for automotive, $5.46 billion for handsets and $1.38 billion for IoT. Automotive revenue was up 15% year-over-year, while handsets and IoT were down 27% and 31%, respectively.
Full-year revenue was $35.8 billion, down 19% year-over-year. Full-year revenue consisted of $30.38 billion for the QCT segment and $5.31 billion for the QTRL segment, down 19% and 17%, respectively.
The company reported earnings per share of $2.02, which beat a Street consensus estimate of $1.91.
Revenue was $7.37 billion for the QCT segment, down 26% year-over-year, and $1.26 billion for the QTL segment, down 12% year-over-year.
QCT revenue consisted of $535 million for automotive, $5.46 billion for handsets and $1.38 billion for IoT. Automotive revenue was up 15% year-over-year, while handsets and IoT were down 27% and 31%, respectively.
Full-year revenue was $35.8 billion, down 19% year-over-year. Full-year revenue consisted of $30.38 billion for the QCT segment and $5.31 billion for the QTRL segment, down 19% and 17%, respectively.
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