Qualcomm's Growth Will Be Driven By AI-Embedded Devices (Rating Upgrade)
QCOMQualcomm(QCOM) Seeking Alpha·2024-08-02 03:07
BlackJack3D/E+ via Getty Images Qualcomm Incorporated (NASDAQ:QCOM) came to play in their q3’24 earnings report with EPS beating consensus estimates of $2.25 with reported adjusted EPS coming in at $2.33/share. This earnings beat is paired with a strong eq4’24 forecast of $2.45-1.65/share, with analysts estimating a range of $2.23-2.83/share. To my surprise, much of the strength in revenue for q3’24 derived from strong handset and automotive revenue in their QCT segment, growing by 87% and 12%, respecti ...