[ad_1] Qualcomm has reported the first quarter profits that are expected better than today, although post -watch trading shares have decreased. The profits of the first quarter amounted to $ 3.41 per share, which was 24 % higher than last year's results in the fiscal year, and the profits exceeded the number of share profits of $ 2.96 expected by Wall Street. Revenue, which amounted to $ 11.67 billion, increased by 18 % on an annual basis. The unit, which designs and sells chips to mobile devices manufacturers, has increased 13 % on an annual basis to $ 7.57 billion. The Wall Street analysts, who were talking to FactSet, were looking for Qualcomm to announce the sales of chips for 7.04 billion dollars mobile phones, which would have increased by only 5 %; Qualcomm more than weakness this estimate. The demand was heavy on the Qualcomm Snapdragon slices used on the leading smartphones in Qualcomm, according to the CEO of Cristiano Amon. The Galaxy S25 AP decision of Samsung 2 billion dollars added to Qualcomm's Conservations this year. | Qualcomm credit image Amon, CEO of Qualcomm, also indicated that the company will benefit from the latest version of the Deepsek R1 AI model outside China. This is because its Snapdragon chips can work Deepseek on the device instead of the cloud. Qualcomm also sells the chips that Meta uses to push the famous Ray-Ban glasses. In addition, the first Snapdragon Elite chips for laptops was shown last year, and it already has a 10 % market share in laptop chips at $ 800 and above. So, if everything is fine, why did the Qualcomm shares decrease $ 7.98 or 4.54 % after the trading hours when the numbers were issued? This decrease in the intellectual property licensing revenues of the company that has a 75 % high profit margin compared to 32 % for the chips. A small beauty queen in the expectations in this sector ($ 1.54 billion in revenue for the expectations of analysts of $ 1.56 billion) led to sale in stocks. For more worse, licensing revenues are expected to be 2025 with 2 % less than estimates. The fastest growing business sector in Qualcomm is its car unit, which has made a powerful 61 % profit in the first -quarter financial revenue to $ 961 million.
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Despite a strong fiscal first quarter, Qualcomm’s shares tank after the report is released
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Genre | News & Magazines |
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Update | February 6, 2025 |
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