Indicating that the Santa Clara-headquartered chipmaker might repeat the robust performance of the previous quarter, market watchers call for adjusted earnings of $5.59 per share for Q1, which represents a sharp increase from the prior-year quarter when the company earned $0.98 per share. Analysts estimate a three-fold growth in first-quarter revenues to $24.65 billion.
In the final three months of FY24, adjusted profit surged to $5.16 per share from $0.88 per share in Q4 2023. Reported profit was $12.29 billion or $4.93 per share, vs. $1.41 billion or $0.57 per share a year earlier. Driving the strong bottom-line growth, revenues more than tripled year-over-year to $22.1 billion.