Qualcomm cracks 10 billion US dollars, share price shoots up
Snapdragon processors are doing well. Qualcomm again achieves the total sales of 2022 – with a growing license business
(Image: Qualcomm)
Disregarding the legal dispute with ARM, Qualcomm is currently doing well. For the first time since 2022, the company has achieved quarterly sales of more than 10 billion US dollars. Qualcomm generates the majority of this with Snapdragon processors for Android smartphones – Qualcomm is the second-largest supplier behind Mediatek, albeit with higher average prices. However, the sale of wireless technology, with Apple as a major customer, also brings in billions of dollars.
Qualcomm turned over 10.24 billion dollars in the third quarter of 2024. With tax relief, this leaves a net profit of 2.92 billion dollars. Compared to the previous year, this corresponds to an increase of 19 or 96 percent.
Qualcomm's fiscal year ends with the third calendar quarter. The bottom line is a turnover of almost 39 billion dollars (+9 percent) and a net profit of just over 10 billion (+40 percent).
Strong growth in automotive and patent licenses
Processors and wireless technology for smartphones generated quarterly sales of 6.1 billion dollars, a year-on-year increase of 12%. Automotive products are growing much more strongly, increasing by 68 percent – but still accounting for the smallest share of sales at 899 million.
Videos by heise
Qualcomm groups all other chips under "IoT", including the Snapdragon X Elite and Snapdragon X Plus for notebooks, processors for mixed reality headsets and industrial products. At just under 1.7 billion dollars (+22%), this division is doing much better again. However, notebook CPUs did not make up for the weak start to the year: Over the year as a whole, IoT sales fall by 9 percent to just over 5.4 billion dollars.
Neither smartphone nor IoT chips will reach the strong 2022 level. The difference in the last quarter came from the licensing business in addition to the automotive increase; Qualcomm sells patent licenses for mobile technology, among other things. In the last quarter, this amounted to a good 1.5 billion dollars (+21%). Over the year as a whole, growth was moderate at 5 percent to a good 5.3 billion dollars. One of the licensees is Apple, which has been developing its own mobile radio modems for years.
(Image:Â Qualcomm)
The stock market is pleased
In the current fourth calendar quarter, Qualcomm expects a turnover of between 10.5 billion and 11.3 billion dollars. The stock market likes it: the share price has shot up by almost 9 percent since the announcement of the business figures – boosted by stock market sentiment following the US presidential election.
Empfohlener redaktioneller Inhalt
Mit Ihrer Zustimmung wird hier ein externer Preisvergleich (heise Preisvergleich) geladen.
Ich bin damit einverstanden, dass mir externe Inhalte angezeigt werden. Damit können personenbezogene Daten an Drittplattformen (heise Preisvergleich) übermittelt werden. Mehr dazu in unserer Datenschutzerklärung.
(mma)
