Overview
- Fiscal Q4 revenue came in at $11.27 billion with adjusted EPS of $3.00, beating consensus estimates of $10.79 billion and $2.88.
- Qualcomm guided fiscal Q1 to a midpoint of $12.2 billion in sales and $3.40 adjusted EPS, both above Wall Street forecasts of $11.62 billion and $3.31.
- A non-cash $5.7 billion charge tied to new U.S. tax legislation produced a GAAP net loss of $3.12 billion for the quarter and lowered reported annual earnings; the company expects a 13%–14% effective tax rate and lower cash taxes going forward.
- Handset revenue rose 14% to $6.96 billion, automotive grew 17% to $1.05 billion, IoT increased 7% to $1.81 billion, and licensing declined 7% to $1.41 billion, with management citing upgrades to pricier, AI-capable phones expanding the premium tier.
- Shares slipped in after-hours trading following the release, as investors weighed strong guidance against the tax-driven GAAP loss and ongoing diversification efforts.