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.