Categories AlphaGraphs, Earnings, Technology
Qualcomm Q4 earnings decline but beat estimates; revenue down 24%
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) reported a year-over-year decrease in earnings and revenues for the fourth quarter of 2023. However, the results exceeded analysts’ estimates.
At $8.63 billion, September-quarter revenues were down 24% from the prior-year quarter. Both the QCT and QTL segment revenues declined.
Net income was $1.49 billion or $1.32 per share in the three-month period, compared to $2.87 billion or $2.54 per share in the fourth quarter of 2022. Adjusted profit dropped to $2.02 per share from $3.13 per share. Both earnings and revenues beat estimates.
“Our recent Snapdragon Summit announcements underscore our technology leadership, establishing Qualcomm as a leader in on-device generative AI and mobile computing performance,” said Qualcomm’s CEO Cristiano Amon.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
