Qualcomm has reported fourth-quarter revenue of $11.27 billion, surpassing analyst expectations of $10.79 billion. The company's adjusted earnings per share reached $3.00, beating the forecast of $2.88. This growth is attributed to advancements in AI chips and diversification into automotive, IoT, and PC markets.
Despite a net loss of $3.12 billion due to tax charges, Qualcomm's outlook remains positive. The company has provided forward guidance for first-quarter revenue between $11.8 billion and $12.6 billion, indicating strong momentum in emerging sectors.
Qualcomm Exceeds Q4 Revenue Estimates with $11.27 Billion
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