Qualcomm's revenue for the fourth fiscal quarter was $10.24 billion, a year-on-year increase of 19%, and it surged by 10% in after-hours trading
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Qualcomm announced its fourth-quarter financial report, with revenue of $10.24 billion, a year-on-year increase of 19%; net income of $2.92 billion, and earnings per share of $2.69. Sales of mobile chips grew by 12%, reaching $6.1 billion. Total revenue for fiscal year 2024 is expected to be $33.19 billion, a year-on-year increase of 9%. The board approved a stock repurchase of $15 billion, repurchasing $1.3 billion in the fourth quarter and paying $949 million in dividends. After-hours stock price initially rose by 10%, then fell back to about 4%
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