The company said revenue for Q2 of fiscal 2024 was $9.4 billion, up 1% from the year-ago quarter, and net income was $2.3 billion, up 37% from the year-ago quarter.

1. 01

   The company said revenue for Q2 of fiscal 2024 was $9.4 billion, up 1% from the year-ago quarter, and net income was $2.3 billion, up 37% from the year-ago quarter.

2. 02

   QUALCOMM said QCT revenues rose 1% year over year in Q2. The company said higher automotive and handsets revenues were partly offset by lower IoT revenues.

3. 03

   The company said investment and other income (expense), net rose $346 million from the year-ago quarter in Q2. It cited higher net gains on QSI investments and higher interest and dividend income as the main drivers.

4. 04

   The company said it paid cash dividends of $1.8 billion and repurchased 11 million shares for $1.5 billion in the first 6 months of fiscal 2024. It also announced that it will raise its quarterly dividend per share from $0.80 to $0.85, effective March 5, 2024.

Key figures

Quarter ended March 24, 2024

Revenue

$9.4B

Operating income

$2.3B

Net income

$2.3B

EPS

$2.06

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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