Qualcomm (QCOM): Autonomous Driving Chip Growth and Stock Outlook

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This is only a record of my personal analysis and the contents may contain errors or information that differs from the actual situation. Please understand in advance when viewing this site.

Introduction.

The rapid evolution of AI technology has led to an increased focus on the semiconductor sector.

In particular, the increase in demand related to IT devices in the Corona Disaster brought new trends in the semiconductor industry.
While many companies are dealing with inventory adjustments and market fluctuations, the silicon cycle, which indicates trends in the semiconductor market, has hit the bottom of the market cycle and is expected to grow significantly in the future as AI technology advances.

Previously,AMDand ... andNVIDIAWe have focused our research on semiconductor stocks such as Qualcomm.

Qualcomm is at the forefront of technological innovation in telecommunications, a unique strength that gives us a competitive edge in the marketplace.
This article explores Qualcomm's future prospects by analyzing their unique strengths from multiple perspectives, including the background of their technological innovations, their competitive edge in the market, and their foray into automated driving.

What kind of company is Qualcomm (QCOM)?

Qualcomm(Qualcomm Incorporated, NASDAQ: QCOM) is an American multinational company primarily engaged in the research and development, product design, and market deployment of wireless communications technologies.

About Us

• Company Name:Qualcomm Incorporated
• Year of establishment: April 1, 19491985
• Headquarter Location: Tokyo, JapanSan Diego, California
• Founder:.Irwin M. Jacobs and Andrew Viterbi
• CEO:Cristiano Amon
• Listed on NASDAQ QCOM

What are Qualcomm's main businesses?

Qualcomm's main business activities are as follows

Chipset manufacturing

Qualcomm.Development and manufacturing of chipsets, including the Snapdragon series of processors for smartphonesThe company is conducting the project.

These chipsets integrate high-performance CPUs, GPUs, DSPs (digital signal processors), and other components that contribute significantly to improving smartphone performance.

Research and development of wireless communication technology

Qualcomm is a leading provider of 3G, 4G LTE, and the latestThe company is an industry leader in the development of 5G and other wireless communication technologies.

Especially when it comes to 5G technology, the company has a significant influence in the market due to its advanced R&D and extensive patent portfolio.

Licensing Business

Qualcomm is,The company licenses patents related to its own wireless communication technology.This is an important source of revenue.
When other companies use Qualcomm's patented technology, they must pay a license fee.

Other Businesses

In addition to this, Qualcomm also provides technology for areas beyond smartphones, such as automobiles, wearable devices, and home entertainment systems.
The company is also actively deploying Internet of Things (IoT) technology in these areas.

Through these businesses, Qualcomm is influencing many devices and systems around the world and driving the evolution of communications technology.

What is Qualcomm's business model?

Qualcomm's business model is as follows

• Qualcomm does not have its own semiconductor manufacturing plant (fab) and specializes in chipset design and developmentFabless Semiconductor CompanyThe following is a list of the most common problems with the "C" in the "C" column.
  Manufacturing is outsourced to an external semiconductor manufacturing service company (foundry).
• Qualcomm has its ownLicensing of patents related to wireless communication technology, an important source of revenueThe first two are the following.
• Qualcomm has developed Snapdragon processors and otherThe company sells products and supplies chipsets to smartphone makers and other device manufacturers.
  These products integrate high-performance CPUs, GPUs, and AI engines to improve device performance.
• Qualcomm invests heavily in research and development, focusing on the development of new communication and semiconductor technologies.
  This has allowed the company to continue to lead the industry in technological innovation.
• Qualcomm is,Providing technology not only to the smartphone market, but also to diverse markets such as automotive, wearable devices, and IoT devicesThe company is doing so.

This business model allows Qualcomm to focus on technology development and innovation while avoiding large investments in manufacturing facilities and responding flexibly to fluctuations in market demand.

What are Qualcomm's main products?

Qualcomm's main products are as follows

Snapdragon processor

High-performance processor for smartphones and tablets, integrating CPU, GPU, and DSP (digital signal processor) to provide high-speed processing power, superior graphics performance, and AI processing capability.

modem chip

Modem chip compatible with wireless communication standards such as 4G LTE and 5G. Realizes high-speed data communication and stable connection.

RF Front End Modules

RF (radio frequency) front-end components to support the wireless communication capabilities of smartphones and other mobile devices.

Wi-Fi and Bluetooth chipsets

A chipset that provides wireless LAN (Wi-Fi) and Bluetooth connectivity for devices.

Automotive chipsets

Chipsets for In-Vehicle Infotainment (IVI) and driver assistance systems, including the Snapdragon Automotive platform.

Infotainment is a term coined by combining the words "information" and "entertainment." In-vehicle infotainment systems are systems that provide information and entertainment while driving.

Chipsets for IoT devices

Chipset for home and industrial IoT (Internet of Things) devices. Provides energy-saving performance and connectivity.

These products are,Qualcomm's leadership in wireless communications and semiconductor technology, especially the Snapdragon processor, is widely known as the heart of high-performance mobile devices.

What are the features of Snapdragon?

Qualcomm's Snapdragon platform is particularly noteworthy for the following

• Camera technologySnapdragon is revolutionizing photography and videography on mobile devices.
  Premium camera technology with AI enhancement provides professional-level photos and videos. Users can capture life's great moments in high quality.
• Mobile Gaming Experience:.Snapdragon provides a fully immersive experience in mobile gaming.
  Mobile gaming technologies such as ray tracing are utilized to create a realistic gaming experience.
• Audio System: (1) AI-powered end-to-end audio system provides rich, studio-quality detailed sound.
  Users can enjoy the highest quality acoustic experience.
• Improved device performance:. Snapdragon is the core processor in smartphones and many other devices, integrating a high-performance CPU, GPU, and AI engine to significantly improve device performance.
• Partnerships:.Snapdragon is used in top-class smartphones such as the Samsung Galaxy S23 Ultra, allowing users to enjoy more amazing experiences.

Snapdragon, with its advanced technology and innovative features, has greatly improved the performance and experience of mobile devices. Advances in the areas of cameras, gaming, and audio, in particular, have brought notable benefits to users.

What is so great about Qualcomm's wireless communication technology?

The following points are noteworthy about Qualcomm's wireless communication technology

• 5G Technology Leadership:.Qualcomm.Major industry leader in the development of 5G communication technologyThe company is doing so.
  5G will revolutionize areas as diverse as smartphones, IoT devices, and automobiles by enabling high-speed data transmission, low latency, and mass device connectivity.
• Snapdragon Platform: SnapdragonSnapdragon is a high-performance processor for smartphones and other devices that integrates an advanced CPU, GPU, and AI engine. This allows for improved device performance, energy savings, and enhanced AI capabilities.
• Entering the Automotive Sector:.Qualcomm is,Entered the automotive industry through the Snapdragon Cockpit platform.This platform enhances the vehicle's infotainment system, digital dashboard, and driver assistance system (ADAS).
• C-V2X TechnologyQualcomm is,Focus on development of vehicle-to-vehicle (V2X) communication technologyThe new system is expected to improve vehicle safety, develop automated driving technology, and optimize traffic efficiency.
• AI and IoT Integration:.Qualcomm is integrating AI technology with the Internet of Things (IoT) to open up new possibilities in smart homes, wearable devices, and industrial IoT.

These technologies demonstrate how innovative Qualcomm is in the field of wireless communications technology and its impact on diverse industries.
In particular, the proliferation of 5G technology will be a factor that will further strengthen Qualcomm's growth and market influence in the future.

What is Qualcomm's 5G technology like? What are its advantages over the competition?

Qualcomm's strengths in 5G technology include

• Qualcomm invented the key technologies underlying 5G technology that made 5G possible. In this,This includes ultra-fast connections, high reliability, excellent performance, and low latency.
• Qualcomm's technology has played a key role in shaping the global standards for 5G. The company's innovative technology defines the advantages of 5G, including speed, responsiveness, and capacity,Accelerating 5G ExpansionThe company is doing so.
• Develop cutting-edge 5G products for a variety of platforms, from automotive to augmented reality (XR)The company is working on a number of new platforms. These platforms provide fast connections, excellent coverage, and energy savings.
• More than 100 5G license agreements signed worldwideThe mobile ecosystem is growing, and this is driving the growth of the mobile ecosystem.
• It applies 5G to three major connectivity service types: enhanced mobile broadband, mission-critical communications, and large-scale IoT.Faster smartphones, new immersive experiences, remote control of critical infrastructure, and seamless connectivity from smart home devices to smart citiesThe first is the "A" in the "A" column.

These factors are fundamental to Qualcomm's ability to differentiate itself from competitors in the 5G technology space and maintain its market dominance.

Particularly,Qualcomm's strength is that it has laid the foundation for 5G technology and is applying that technology to a wide variety of industriesThe first is the "A" in the "A" column.

What is the Snapdragon Cockpit platform?

The Snapdragon Cockpit platform is Qualcomm's solution for next-generation in-vehicle infotainment systems.

Source:4th generation Snapdragon automotive cockpit platform

Below are the key features of the Snapdragon Cockpit platform.

• It features a high-performance SoC (System-on-Chip) using 5nm process technology to provide a next-generation in-vehicle experience. This raises the standard for connected cockpit solutions in the automotive industry.
• Support for the integration of the infotainment and driver assistance system domains with an integrated architecture that supports different hypervisors. Capable of handling the complexities associated with the integration of the digital cluster and infotainment domain.
• Provides an architecture that is scalable across different vehicle classes in a unified framework. Enables consumers to have a unified, high-quality experience regardless of vehicle class.
• Supports in-car virtual assistants, natural voice control, language understanding, and adaptive human-machine interfaces.
• It features intelligent driver assistance systems, including in-car monitoring and ultra-high resolution surround view monitoring.
• Support for multiple displays in the vehicle, including an ultra-wide angle panoramic display, reconfigurable 3D digital instrument cluster, augmented reality heads-up display (HUD), and Ultra HD media streaming.
• Supports customized multi-audio zones, clear in-vehicle communications, and high levels of noise suppression.

The Snapdragon Cockpit platform is,Provides a multi-tiered solution for automakers to meet the evolving needs of consumers, offering a wide range of options across entry-level and premium-level vehicles.

What are Qualcomm's strengths in self-driving technology?

Qualcomm's strength and influence in the self-driving market is evident through its latest technologies and initiatives, including

Snapdragon Digital Chassis

It is a comprehensive cloud-connected automotive platform for telematics (technology that allows vehicles to send and receive information via the Internet and other communications networks) and connectivity, computing, driver assistance and automated driving.

The platform will enable automakers to offer secure, customizable and immersive new technology features and digital services.

Snapdragon Ride

The Snapdragon Ride platform, which offers high performance with low power consumption, will be used to develop advanced driver assistance system (ADAS) features.
This includes state-of-the-art localization, recognition, and drive policy capabilities.

Snapdragon Auto Connectivity

It is a comprehensive solution that supports connectivity inside and outside the vehicle, enhancing safety and infotainment.
It includes state-of-the-art 4G/5G automotive modems, integrated C-V2X and MF-GNSS technology, advanced Wi-Fi and Bluetooth, and Snapdragon Car-to-Cloud services.

Snapdragon Cockpit

The platform provides in-car connectivity and intelligence, including in-car virtual assistants, contextual safety use cases, advanced audio, graphics, and multimedia.

C-V2X Solutions

Qualcomm's C-V2X (Cellular Vehicle to Everything) solution helps vehicles communicate directly with each other and virtually with everything around them.
This will help improve road safety and support the road to automated driving.

These technologies demonstrate that Qualcomm is having a significant impact in the self-driving market and accelerating the digital transformation of the automobile.

What do you expect the U.S. automated driving market to look like in the future?

A Mordor Intelligence report on the U.S. self-driving car market shows the following market size and growth projections

Market Size of Automated Driving (U.S.)

• Market size in 2023: 1,000,000In 2023, the U.S. self-driving car market is estimated to be worth approximately US$12.27 billion.
• Market size in 2028: 1,000,000By 2028, the market size is projected to reach approximately US$31.17 billion.

Growth Projections for the Automated Driving Market

• Growth rateBetween 2023 and 2028,Projected compound annual growth rate (CAGR) of 20.501 TP3TThe company has been

Source:U.S. Automated Driving Market Growth Projections

What are Qualcomm's strengths in AI semiconductors?

Qualcomm's strengths in AI semiconductors include

• Qualcomm has many years of experience in research and development of AI technology,Leadership in AI technology, especially for mobile devicesThe company is doing so.
• Qualcomm is focused on developing power-efficient on-device AI technology that enables devices to deliver fast, responsive AI processing while protecting user privacy.
• Qualcomm is promoting a hybrid AI architecture that distributes AI processing between devices and the cloud, providing performance, personalization, privacy, and security benefits.
• Qualcomm Combines 5G Technology and AI to Drive a New Generation of Wireless InnovationThe high speed and low latency of 5G will improve the performance of AI applications.
• Qualcomm's AI technology is used in a wide variety of industries to develop cutting-edge AI products for platforms ranging from smartphones, PCs, IoT and automotive to augmented reality (XR).The company has been

These strengths are fundamental to Qualcomm's ability to differentiate itself from its competitors and maintain a competitive edge in the AI semiconductor market.
Particularly,The combination of on-device AI and 5G technology will be key to future innovation and market growth.

How many patents does Qualcomm hold?

Qualcomm holds a total of 263,708 patents worldwide, of which 114,046 have already been granted.

More than 621 TP3T of these patents are still active.
The United States is the country in which Qualcomm has filed the most patents, followed by Europe and China.

These patents show that Qualcomm is an innovative leader in the field of wireless communications technology, providing the underlying technology in 3G, 4G, and 5G smartphones.

It also extends the benefits of mobile to new industries such as automotive, IoT, and computing. Qualcomm is leading research into the evolution of 5G.

What is the percentage of major countries that Qualcomm trades with?

Qualcomm Sales Breakdown by Key Countries

• China (including Hong Kong):.The largest market for Qualcomm, with sales of approximately US$2.238 billion in 2023.
• Vietnam: Vietnam Sales in 2023 are approximately US$455 million.
• Other foreign countries:. Sales in 2023 are approximately US$436 million.
• South Korea: (English)Sales in 2023 are approximately US$327 million.
• United States of America: United States of AmericaSales in 2023 are approximately US$126 million.

These data show that Qualcomm tends to rely primarily on China (including Hong Kong) for its sales, a larger percentage than in other countries. Vietnam, other foreign countries, South Korea, and the United States are also shown to be important markets for Qualcomm.

What is Qualcomm's dividend?

Information on Qualcomm's 2023 dividend is as follows

• Annual Dividends: (Yen)Qualcomm pays an annual dividend of $3.20.
• Dividend Yield: 1.0The dividend yield is 2.481 TP3T.
• Frequency of dividend paymentsDividends are paid quarterly.
• Dividend payout ratioThe dividend payout ratio is 49.841 TP3T.
• Dividend growth rateThe dividend growth rate is 7.511 TP3T.

What are Qualcomm's sectors, industries, and themes to which it belongs?

sector

• Qualcomm is classified in the technology sector. This sector includes companies that provide information technology, software, hardware, and related services.

type of industry

• Qualcomm is classified in the semiconductor industry sector because it specializes in the design and development of semiconductor chipsets, especially for mobile devices. This industry sector includes companies that manufacture, design, and market semiconductors.

Themes belonging to

• 5G: 5GQualcomm has played a key role in the development of 5G communications technology and provides 5G-related products and technologies.
• Mobile Communications:.By providing chipsets for mobile devices such as smartphones and tablets, the company is making a significant impact on the mobile communications industry.
• IoT (Internet of Things):. The company provides chipsets and technologies for IoT devices and is active in the areas of smart home, wearable devices, and industrial IoT.
• Automotive Technology:.The company provides chipsets for in-vehicle infotainment systems and driver assistance systems, contributing to technological innovation in the automotive industry.

Who are Qualcomm's competitors?

• Intel (INTC)The company offers a wide range of semiconductor products, with a focus on processors for personal computers and data centers. Recently, the company has also focused on 5G communication technology.
• Samsung Electronics :. It manufactures semiconductor chipsets for smartphones, tablets, and other electronic devices. The company is particularly well positioned in the memory chip market.
• Taiwan Semiconductor Manufacturing Corporation (TSMC)The world's largest independent semiconductor manufacturing services company (foundry). Provides manufacturing services to many semiconductor companies.
• Broadcom (AVGO): Provides semiconductor products in the areas of wireless communications, wired infrastructure, enterprise storage, and industrial.
• NVIDIA (NVDA):Provides semiconductor products in the fields of AI, deep learning, self-driving cars, etc., with a focus on GPUs (graphics processing units).
• Advanced Micro Devices (AMD):.Provides CPUs and GPUs for personal computers and servers.

These companies either compete directly with Qualcomm in the semiconductor industry or in related markets.
Competition is particularly fierce in areas such as smartphones, telecommunications technology, automotive technology, and AI.

What are Qualcomm's differentiators and advantages over the competition?

• Qualcomm is known as the developer of CDMA technology and is positioned as an industry leader for having laid the foundation for 3G, 4G, and 5G communication technologies that have revolutionized the world of wireless communications.
• Qualcomm has played a key role in the development of 5G technology, pioneering the development of 5G NR (New Radio) and mmWave technology. In doing so, Qualcomm has contributed significantly to the commercialization and widespread adoption of 5G.
• Qualcomm offers a diverse range of products, including processors, modems, RF systems, and connectivity solutions to meet the needs of a variety of sectors, including smartphones, automobiles, and IoT devices.
• Qualcomm has a global presence and influence in the global marketplace, with over 170 offices in more than 30 countries.
• Qualcomm invests heavily in R&D and focuses on developing new technologies and products. This allows the company to maintain sustained innovation and a competitive edge in the marketplace.

These elements are the same as those used by Qualcomm in theIt is the foundation for differentiation and advantage over competitors in the semiconductor industry and in the wireless communications technology sector.Particularly,Leadership in the development and deployment of 5G technology is one of Qualcomm's greatest strengthsThe first is the "A" in the "A" column.

What is the advantage over the competition in terms of patents?

To summarize Qualcomm's advantage over its competitors in terms of patent portfolio,

• Qualcomm holds extensive patents related to wireless communications technology. This includes fundamental patents related to 3G, 4G, and 5G communication technologies,These patents are integral to many of the industry standardsThe first is.
• Qualcomm is known as the developer of CDMA technology and holds a number of important patents on the underlying technology for subsequent 3G, 4G, and 5G. These patents have played an important role in the evolution of wireless communications technology.
• Qualcomm makes money by licensing its patents to other companies.This business model provides Qualcomm with a stable source of income and allows for reinvestment in R&D.
• Qualcomm's patents play an important role in shaping industry standards for wireless communications and can influence the direction of the industry.
• Qualcomm also has an advantage in patent litigation and negotiations, securing an advantageous position with its competitors and strengthening its market position.

These elements are the foundation upon which Qualcomm differentiates itself from its competitors through its patent portfolio and maintains its market dominance.
Particularly,Possession of patents that form the basis of wireless communication technology is a major strength for Qualcomm.

Qualcomm (QCOM) Current Stock Price

View the Qualcomm stock chart (TradingView).

The chart shows the Relative Strength Index (RSI). Reference as an indicator of market overheating.

*An overbought indicator when the RSI exceeds 70% to 80%, and conversely, an oversold indicator when the RSI falls below 20% to 30%.

Qualcomm's Financial Results

First, we will review the following four indicators to analyze Qualcomm's (QCOM) minimum performance.

1. Sales: An indicator of a company's performance and growth.
2. Operating Cash Flow and Operating Cash Flow Margin: Indicators that look at how much cash a company generates from its services. The margin is considered excellent when the ratio is 15%.
3. Operating Profit: Profit earned by a company from its core business. An indicator to evaluate a company's performance.
4. EPS: An indicator that looks at a company's earning power "profitability" and "growth potential" in terms of net income per share. The higher the number, the higher the earning power.

Each data is,Investing.com, ,TradingViewSee from

Qualcomm Quarterly: Sales Trends

Quarterly sales forecasts and actual sales and year-on-year changes.

Sales forecasts and actual results are shown in graphs.

Qualcomm Quarterly: Operating Cash Flow Trends

Quarterly operating cash flow and operating cash flow margin.

Generally, an operating cash flow margin of 15% is considered excellent.

Each transition is shown in the graph below.

Qualcomm Quarterly: Operating Income Trends

Quarterly operating income.

Each transition is shown in the graph below.

Qualcomm Quarterly: EPS Trends

Quarterly EPS forecast and actual EPS.

Each transition is shown in the graph below.

Qualcomm Full Year: Sales Trends

This is the sales forecast for the full year and actual sales and year-on-year changes.

Each transition is shown in the graph below.

Qualcomm Full Year: Operating Cash Flow Trends

Operating cash flow for the full year and operating cash flow margin.
Generally, an operating cash flow margin of 15% is considered excellent.

Each transition is shown in the graph below.

Qualcomm Full Year: Operating Income Trends

Operating income for the full year.

Each transition is shown in the graph below.

Qualcomm Full Year: EPS Trends

This is the EPS forecast and actual EPS for the full year.

Each transition is shown in the graph below.

 What are Qualcomm's future developments and prospects?

Qualcomm's future prospects look very promising due to the following factors

Improved smartphone demand

The outlook improves as the ongoing slump in smartphone sales eases in 2023 and demand for smartphones is on a recovery trend. A new contract with Apple to supply chipsets will also continue through 2026.

5G Technology Leadership

Qualcomm has been a pioneer in the development of 5G communications technology and its leadership in this area is expected to continue. 5G is expected to contribute significantly to Qualcomm's growth as the next generation of communications technology, impacting a wide range of sectors including smartphones, IoT devices and the automotive industry Qualcomm is a leading global provider of wireless technology and services.

Advances in AI and Semiconductor Technology

AI technology and semiconductor advancements make Qualcomm's products and solutions increasingly importantThe world is becoming a better place. In particular, the development of on-device AI technology is contributing to improved performance of smartphones and IoT devices.

Growth of automated driving technology

The market for self-driving cars is growing rapidly, and Qualcomm is playing a key role in this area through its Snapdragon Ride Platform and other products.Advances in automated driving technology are expected to expand Qualcomm's future growth opportunities.

Expansion into diverse markets

Qualcomm offers products in diverse markets, including not only smartphones, but also automobiles, wearable devices, and IoT devices, allowing the company to flexibly respond to market changes and explore new growth opportunities.

Strong patent portfolio

Qualcomm has an extensive patent portfolio related to communications technology, which is one of the company's competitive strengths and sources of revenue.

Taken together, these factors are,Qualcomm is at the forefront of technological innovation and will likely continue to growIt is believed that
However, the impact of changes in the external environment, such as market fluctuations, increased competition, and political and economic factors, must also be considered.

Qualcomm (QCOM) Financial Summary for Full Year 2024

Sales and Revenues

• Annual Sales: $38.962 billion, a 9% increase over the same period last year. Both QCT (Qualcomm CDMA Technologies) and QTL (Qualcomm Technology Licensing), major revenue sources, grew.
• GAAP Net Income: $10.142 billion, up 40% from $7.232 billion in the same period last year; GAAP EPS of $8.97 per share, up from $8.01 per share in the same period last year.
• Non-GAAP Net Income: $11.545 billion, with Non-GAAP EPS of $10.22 per share. This is higher than the previous year's $8.43.

Sectoral Growth

• QCT Division: Net sales totaled $33,196 million, up 9% from the same period last year. In particular, sales of chips for automotive applications increased 55% and continue to be a growth driver.
• QTL Division: Net sales were $5,572 million, up 5% from the same period last year. Licensing revenue increased steadily.

Cash Flow and Shareholder Returns

• Operating Cash Flow: $12.2 billion, up from about $11.3 billion in the same period last year.
• shareholder return: Returned $7.8 billion to shareholders for the full year and approved a new $15 billion share buyback program.

Future Guidance

• Q1 Sales Forecast: Sales are expected to range from $10.5 billion to $11.3 billion, with the QCT sector expected to be the main growth driver.
• EPS Forecast: We expect $2.39 to $2.59 per share on a GAAP basis and $2.85 to $3.05 per share on a Non-GAAP basis.

Qualcomm aims to continue to leverage AI and next-generation communications technologies for future growth, along with increased demand for smartphones and automobiles.

Qualcomm (QCOM) Financial Results Summary for Q3 2024

Sales and Revenues

• Net sales: Total sales were $9.393 billion, up 11% YoY. Chipsets for smartphones in particular (QCT division) continue to be a major source of revenue.
• GAAP Net Income: $2.129 billion, up 18% from $1.803 billion in the same period last year; GAAP EPS of $1.88 per share.
• Non-GAAP Net Income: $2.648 billion, a 26% increase over the same period last year; solid Non-GAAP EPS of $2.33 per share.

Performance by Segment

• QCT (Qualcomm CDMA Technologies) Division: Sales were $8.069 billion, up 12% from the same period last year. In particular, sales to the automotive industry increased 87%, far outpacing growth in other industries.
• QTL (Qualcomm Technology Licensing) Division: Sales were $1.273 billion, up 3% y/y. Licensing revenue was also stable.

Business Highlights

• Growth in the Smartphone and Automotive Markets: The Snapdragon X series of chipsets for PCs has received particular attention for its improved performance and efficiency.
• shareholder return: $2.3 billion in shareholder returns in the third quarter, including $949 million in dividends and $1.3 billion in share buybacks.

Cash Flow and Financing

• Operating Cash Flow: Approximately $9.5 billion, an increase over the same period last year. The strong cash flow ensures a financial base to support future growth investments and shareholder returns.
• Cash and cash equivalents: The company retained $7.77 billion in cash and continues to demonstrate a stable financial position.

Future Guidance

• Q4 Sales Forecast: Sales are projected to range from $9.5 billion to $10.3 billion, and are expected to continue to grow. Growth is expected especially in the QCT sector, where sales are projected to range from $810 million to $870 million.
• EPS Forecast: GAAP EPS is expected to be $2.38 to $2.58 and Non-GAAP EPS is expected to be $2.45 to $2.65.

Qualcomm maintains its policy of accelerating growth in the smartphone and automotive markets with AI and next-generation communications technologies.

Qualcomm (QCOM) Financial Summary for Q2 2024

• Net sales9.4 billion dollars, an increase of 11 TP3T over the same period last year.
• Net income2.326 billion on a GAAP (Generally Accepted Accounting Principles) basis, up $371 TP3T from the same period last year. On a non-GAAP basis, $2.761 billion, up $141 TP3T from the same period last year.
• Earnings per share (EPS): $2.06 on a GAAP basis, up $36% y/y. Non-GAAP: $2.44, up $13% y/y.

Business Segment Performance

• QCT (Qualcomm CDMA Technologies):.
  • Sales were $8.026B, up 1% YoY.
  • Sales in the automotive sector increased 351 TP3T YoY to $603M.
  • The IoT (Internet of Things) sector declined by 111 TP3T from the previous year to $1.243 billion.
• QTL (Qualcomm Technology Licensing):.
  • Sales were $1.318 billion, up 21 TP3T from the same period last year.

Other

• Cash dividend increased to $3.40 per year.
• The design win pipeline for the automotive sector reached approximately $45 billion.
• A total of $1.6 billion was returned to shareholders in the second quarter (including dividend payments and share buybacks).

Future Outlook

• Third quarter sales are expected to range from $8.8 billion to $9.6 billion.
• GAAP net income per share is projected to be $1.74 to $1.94 and non-GAAP net income per share is projected to be $2.15 to $2.35.

The financial results show that Qualcomm continues to grow in the automotive sector and other areas, particularlyThe strengthening of the automotive sector stands out.

Qualcomm (QCOM) Financial Summary for Q1 2024

• Net sales9.935 billion, up 51 TP3T from $9.463 billion in the same period last year.
• Net incomeGAAP (generally accepted accounting principles) basis of $2.767 billion, up $24% from $2.235 billion in the same period last year. 3.101 billion on a non-GAAP basis, up $16% from $2.684 billion in the same period last year.
• Earnings Per Share (EPS)2.46 on a GAAP basis, up $24% from $1.98 in the same period last year. 2.75 on a non-GAAP basis, up $16% from $2.37 in the same period last year.

Business Segment Performance

• QCT (Qualcomm CDMA Technologies):.
  • Sales were $8.423B, up 7% from $7.892B in the same period last year.
  • Sales in the automotive sector were $598 million, up 311 TP3T from the previous year.
  • The IoT (Internet of Things) sector declined by $321 TP3T from the previous year to $1.138 billion.
• QTL (Qualcomm Technology Licensing):.
  • Sales were $1.460B, down 4% from $1.524B in the same period last year.

Other Information

• Returned a total of $1.7 billion to shareholders through cash dividends and stock buybacks.
• Record sales in the automotive sector in the first quarter.

Future Outlook

• Second quarter sales are expected to range from $8.9 billion to $9.7 billion.
• GAAP net income per share is projected at $1.73 to $1.93 and non-GAAP at $2.20 to $2.40.

The financial results show that Qualcomm is experiencing continued growth, especially in the automotive sector.

Qualcomm (QCOM) Financial Summary for Full Year 2023

Results for the fourth quarter of 2023

• Revenue: $0.1 billion $$8,631M (-24% YoY)
• Earnings before taxes (EBT)$1,420 million on a GAAP basis (-59% YoY); $2,617 million on a non-GAAP basis (-37% YoY)
• Net income$1,489 million on a GAAP basis (-48% YoY); $2,277 million on a non-GAAP basis (-36% YoY)
• Earnings Per Share (EPS)$1.32 on a GAAP basis (-48% YoY); $2.02 on a non-GAAP basis (-35% YoY)

Results for FY2023

• Annual Revenue: $3,960,000$$35,820 million (down $19% from the previous year)
• Earnings before taxes (EBT) for the year$$7,443 million on a GAAP basis (-50% YoY); $$11,070 million on a non-GAAP basis (-33% YoY)
• Net income for the year: (Millions of yen)$7,232 million on a GAAP basis (-44% YoY); $9,486 million on a non-GAAP basis (-33% YoY)
• Earnings Per Share (EPS): (in millions of yen)$6.42 on a GAAP basis (-44% YoY); $8.43 on a non-GAAP basis (-33% YoY)

Other Points of Interest

• Restructuring-related expensesGAAP results for FY2023 include restructuring and restructuring-related expenses of $$427 million (quarterly) and $$723 million (annual).
• Reversal of fine by the Commission:.GAAP results for FY2022 include a $$110 million benefit from the reversal of the Commission's FY 2018 fine.

What brokerage firms can I buy Qualcomm (QCOM) stock from?

We have listed the major brokerages that offer Qualcomm shares. At these brokerages, you can choose to invest as a CFD (Contract for Difference) as well as directly as a foreign stock.

I myself mainly use SBI Securities, but some stocks they handle may not be available for purchase. In such cases, I sometimes use CFDs at Saxo Bank Securities or IG Securities.

summary

We took an in-depth look at Qualcomm's technological innovations, its competitiveness in the marketplace, and especially its role and future in the self-driving market.

Qualcomm is an important player in the semiconductor industry, particularly in its established leadership in 5G technology and AI semiconductors.
These technologies are,It is essential to the development of self-driving cars and will have a significant impact on Qualcomm's future.

The automated driving market is expected to grow significantly in the coming years in terms of technological innovation, improved safety, and more efficient transportation systems.

Qualcomm has a significant influence in this market with key products and solutions in the area of self-driving technology, such as Snapdragon® Digital Chassis and C-V2X solutions.
These technologies have the potential to enhance the safe and innovative driving experience offered by automakers and accelerate the adoption of self-driving vehicles.

Qualcomm's future growth and success is closely tied to the development of the automated driving market.
The company's advanced technology, robust patent portfolio, and competitive edge in the marketplace will play a key role in shaping the future of automated driving.

It remains to be seen how Qualcomm will evolve and grow in this dynamic market.