From Nasdaq:

Qualcomm Incorporated QCOM selects January 31st after closing to report their first-quarter fiscal 2024 results. They expect top-line growth this year thanks to an increasing demand for Snapdragon chipsets and cutting-edge AI-native solutions.

During Q1, Qualcomm launched next-gen Snapdragon platforms with powerful and efficient AI devices. They released Snapdragon 8 Gen 3, Snapdragon X Elite, and Snapdragon 7 Gen 3 chipsets. They are slated to record increased revenues in the quarter from these products.

Their QCT and QTL segments are estimated at $8.05 billion and $1.35 billion in revenue, respectively with an expected growth in eps from $2.37 to $2.38.

Earnings Whispers: Qualcomm is likely to exceed its earnings expectations due to their +3.45% Earnings ESP and Zacks Rank of 3.

Other Stocks to Consider: Companies like InterDigital, Inc. (IDCC), NVIDIA Corporation (NVDA), and Meta Platforms, Inc. (META) are showing similar potential and worth considering.

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Read more: Will Top-Line Growth Boost Qualcomm’s (QCOM) Q1 Earnings?