Qualcomm's fourth quarter financial report for fiscal year 2024 is impressive

According to the latest financial report data, Qualcomm achieved revenue of US$10.244 billion in the fourth quarter of fiscal year 2024, a year-on-year increase of 19%. Among them, 46% of the revenue came from customers headquartered in China. In terms of net profit, under US GAAP, Qualcomm achieved US$2.92 billion in this quarter, a year-on-year increase of 96%, and diluted earnings per share of US$2.59. Under non-US GAAP, net profit was US$3.036 billion, a year-on-year increase of 33%, and diluted earnings per share was US$2.69. For the next fiscal quarter, Qualcomm has given higher revenue and profit expectations.