The company said revenue for fiscal 2024 was $39.0 billion, an increase of 9% from $35.8 billion a year earlier, and net income was $10.1 billion, an increase of 40% from $7.2 billion a year earlier.

1. 01

   The company said revenue for fiscal 2024 was $39.0 billion, an increase of 9% from $35.8 billion a year earlier, and net income was $10.1 billion, an increase of 40% from $7.2 billion a year earlier.

2. 02

   The company said QCT revenues rose 9% in fiscal 2024, citing higher handsets and automotive revenues, partly offset by lower IoT revenues. It said QTL revenues increased 5%.

3. 03

   The company said it repurchased shares of common stock for $4.1 billion and paid cash dividends of $3.7 billion in fiscal 2024. On November 6, 2024, it announced a new stock repurchase authorization of $15.0 billion, separate from its existing program.

4. 04

   The company said that beginning in fiscal 2023, federal income tax rules require it to capitalize and amortize domestic research and development expenditures over 5 years and foreign research and development expenditures over 15 years. It said this significantly raises its cash tax payments and adversely affects its operating cash flow.

Key figures

Fiscal year ended September 29, 2024

Revenue

$39.0B

Operating income

$10.1B

Net income

$10.1B

EPS

$8.97

Operating cash flow

$12.2B

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. 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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