It is estimated that March quarter earnings, adjusted for one-off items, increased to $2.17 per share from $2.15 per share in the prior-year period. The consensus revenue estimate is $8.71 billion.
In the first quarter, revenues increased 5% annually to $9.94 billion. QCT revenues increased 7% while QTL revenues declined 4%. Net income came in at $2.77 billion or $2.46 per share in Q1, compared to $2.24 billion or $1.98 per share in the first quarter of 2023. Adjusted profit increased to $2.75 per share in the first quarter from $2.37 per share last year.