The corporation anticipates a robust first quarter, supported by remarkable financial outcomes from the prior fiscal year. Qualcomm announced a 10% rise in revenue for FY Q4, achieving $11.3 billion, primarily fueled by its QCT segment. The Snapdragon 8 Elite chipset designed for premium Android smartphones significantly enhanced headset sales, which climbed by 14% to almost $7 billion. Furthermore, the Automotive and IoT divisions experienced revenue increases of 17% and 7%, respectively, highlighting the effectiveness of Qualcomm’s diversified approach. CEO Cristiano Amon conveyed enthusiasm about the company’s progress, emphasizing an 18% year-over-year growth in total QCT non-Apple revenues and a 27% surge in combined fiscal year Automotive and IoT revenue. With the rollout of their automated driving stack and expansion into data centers and cutting-edge robotics, Qualcomm is set for ongoing success in the forthcoming quarter.
