As reported in a press release on Nov. 6, Qualcomm has disclosed its financial outcomes for the fiscal fourth quarter and full year ending Sept. 29, 2024. The company reported significant growth, with generally accepted accounting principles revenue reaching $39.0 billion for fiscal year 2024, an increase of 8% year over year. The company reported fourth-quarter 2024 revenue at $10.24 billion, up 19% year over year.

Furthermore, Qualcomm experienced a substantial increase in its earnings per share (EPS), posting a GAAP EPS of $8.97 and a non-GAAP EPS of $10.22, which indicates over 20% growth in fiscal year EPS. Additionally, the fiscal year showcased a record in operating cash flow for Qualcomm. Specifically, its QCT Automotive segment marked its fifth consecutive quarter of record revenue, highlighting the company's ongoing success in this area.

“We are pleased to conclude the fiscal year with strong results in the fourth quarter, delivering greater than 30% year-over-year growth in EPS,” said Cristiano Amon, president and CEO of Qualcomm. “We are excited about our recent product announcements at Snapdragon Summit and Embedded World, as they continue to extend our technology leadership and position us well across Handsets, PC, Automotive and Industrial IoT. We look forward to providing an update on our growth and diversification initiatives at our Investor Day on November 19.”