Qualcomm (QCOM) Reports Strong Q3 Results, Stock Drops 5% in after hours

Qualcomm reported strong Q3 results, but shares fell 5.44% after hours to $150.40 as guidance failed to excite.


📊 Key Metrics (YoY):

  • Revenue: $10.37B (â–²10%)
  • Non-GAAP EPS: $2.77 (â–²19%)
  • GAAP EPS: $2.43 (â–²29%)
  • Net Income (Non-GAAP): $3.04B (â–²15%)
  • Operating Margin: 26.7%

📦 Segment Highlights:

  • QCT: $8.99B (â–²11%)
  • Automotive: $984M (record, â–²21%)
  • IoT: $1.68B (â–²24%)
  • QTL: $1.32B (â–²4%)

💵 Capital Return:

  • $3.8B returned via buybacks & dividends
  • YTD cash flow: $10B

📉 Q4 Guidance:

  • Revenue: $10.3B – $11.1B
  • EPS (Non-GAAP): $2.75 – $2.95

Growth in auto and IoT impressed, but macro risks and cautious guidance weighed on sentiment.