NASDAQ$QCOM
Qualcomm Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Qualcomm reported strong quarterly results, with EPS exceeding the high end of its guidance. The company saw continued growth and diversification, including record QCT Automotive revenues for the third consecutive quarter.
Qualcomm announced its Q2 Fiscal Year 2024 results, with revenues of $9.4 billion. GAAP EPS was reported at $2.06, and Non-GAAP EPS at $2.44. QCT Automotive design win pipeline is now approximately $45 billion. The company increased its quarterly cash dividend to $3.40 annualized payout per share.
- Revenues reached $9.4 billion.
- GAAP EPS was $2.06, while Non-GAAP EPS was $2.44.
- QCT Automotive design win pipeline is approximately $45 billion.
- Increased quarterly cash dividend to $3.40 annualized payout per share.
Headline financials
Revenue & EPS history
Qualcomm · Revenue · Quarterly
$9.39B
Revenue by segment
Qualcomm · $11.3B total across 2 segments · Q4 2022
- QCT$9.9B—87.3%
- QTL$1.44B—12.7%
Forward guidance
Qualcomm provided guidance for Q3 FY24, with revenue estimated between $8.8B and $9.6B and Non-GAAP diluted EPS between $2.15 and $2.35.
Tailwinds
- Revenue is expected to be between $8.8B and $9.6B.
- QCT revenues are projected to be between $7.5B and $8.1B.
- QTL revenues are forecasted to be between $1.2B and $1.4B.
- GAAP diluted EPS is estimated to be between $1.74 and $1.94.
- Non-GAAP diluted EPS is expected to be between $2.15 and $2.35.
Headwinds
- Outlook does not include provisions for proposed tax law changes.
- Outlook does not include provisions for future asset impairments.
- Outlook does not include provisions for pending legal matters.
- Certain income and expense items cannot be accurately forecast.
- Actual results may differ materially from the outlook.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-0.5%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+4.4%
Avg return
30 days after
47%
34 / 73 earnings
Positive
+17.2%
Q3 2020
Best reaction
-16.1%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -1.9% | +19.6% | +60.9% | |
| Q1 2026 | -8.5% | -5.9% | -8.9% | |
| Q4 2025 | +0.7% | -3.2% | -2.7% | |
| Q3 2025 | -7.7% | -7.8% | +1.0% | |
| Q2 2025 | -8.9% | -5.8% | -2.2% | |
| Q1 2025 | -3.7% | -2.2% | -8.3% | |
| Q4 2024 | +4.2% | +1.4% | -3.9% | |
| Q3 2024 | -1.8% | -5.4% | +5.0% | |
| Q2 2024 | +8.6% | +9.6% | +23.0% | |
| Q1 2024 | -3.3% | -1.3% | +11.7% | |
| Q4 2023 | +7.7% | +10.0% | +19.0% | |
| Q3 2023 | -10.1% | -9.6% | -12.6% | |
| Q2 2023 | -8.2% | -6.7% | -0.4% | |
| Q1 2023 | -2.5% | -1.3% | -10.7% | |
| Q4 2022 | -11.5% | -6.2% | +7.1% | |
| Q3 2022 | -2.3% | -1.7% | -7.7% | |
| Q2 2022 | +11.0% | +8.8% | +4.7% | |
| Q1 2022 | +1.1% | -1.2% | -8.4% | |
| Q4 2021 | +15.4% | +22.6% | +30.5% | |
| Q3 2021 | +7.1% | +5.6% | +2.8% | |
| Q2 2021 | +3.4% | -0.4% | -2.5% | |
| Q1 2021 | -10.2% | -10.6% | -21.3% | |
| Q4 2020 | +15.9% | +13.7% | +25.6% | |
| Q3 2020 | +17.2% | +19.8% | +29.3% | |
| Q2 2020 | +4.5% | +0.5% | +7.4% | |
| Q1 2020 | +1.9% | -0.4% | -12.9% | |
| Q4 2019 | +5.3% | +7.5% | -1.9% | |
| Q3 2019 | -4.8% | -8.0% | +4.0% | |
| Q2 2019 | +1.2% | +2.5% | -22.4% | |
| Q1 2019 | +0.2% | +0.6% | +9.7% | |
| Q4 2018 | -8.8% | -14.4% | -12.0% | |
| Q3 2018 | +8.0% | +5.4% | +14.1% | |
| Q2 2018 | +1.1% | +2.1% | +20.1% | |
| Q1 2018 | -0.3% | -7.9% | -3.4% | |
| Q4 2017 | +7.5% | +22.6% | +28.4% | |
| Q3 2017 | -4.1% | -5.5% | -7.8% | |
| Q2 2017 | -0.0% | +0.3% | +9.5% | |
| Q1 2017 | -1.7% | -2.5% | +4.0% | |
| Q4 2016 | -2.0% | +0.2% | -3.7% | |
| Q3 2016 | +8.7% | +10.1% | +13.8% | |
| Q2 2016 | -0.3% | — | — | |
| Q1 2016 | -10.2% | — | — | |
| Q4 2015 | -16.1% | — | — | |
| Q3 2015 | -5.2% | — | — | |
| Q2 2015 | -0.3% | — | — | |
| Q1 2015 | -11.3% | — | — | |
| Q4 2014 | -8.5% | — | — | |
| Q3 2014 | -6.6% | — | — | |
| Q2 2014 | -3.4% | — | — | |
| Q1 2014 | +1.8% | — | — | |
| Q4 2013 | -2.8% | — | — | |
| Q3 2013 | +1.8% | — | — | |
| Q2 2013 | -4.5% | — | — | |
| Q1 2013 | +4.1% | — | — | |
| Q4 2012 | +0.5% | — | — | |
| Q4 2011 | +0.5% | — | — | |
| Q3 2012 | +7.3% | — | — | |
| Q2 2012 | -6.9% | — | — | |
| Q1 2012 | +3.2% | — | — | |
| Q3 2011 | -0.1% | — | — | |
| Q2 2011 | +6.6% | — | — | |
| Q1 2011 | +0.3% | — | — | |
| Q4 2010 | +6.5% | — | — | |
| Q3 2010 | +6.4% | — | — | |
| Q2 2010 | -9.1% | — | — | |
| Q2 2009 | -13.7% | — | — | |
| Q1 2009 | -13.7% | — | — | |
| Q1 2010 | +0.3% | — | — | |
| Q4 2007 | +5.5% | — | — | |
| Q4 2009 | +5.5% | — | — | |
| Q3 2008 | -1.2% | — | — | |
| Q4 2008 | -1.2% | — | — | |
| Q3 2009 | -1.2% | — | — |
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