AI Prospecting for Qualcomm

Qualcomm is set to go ex-dividend on December 5, 2024, with shareholders of record on this date to receive a $0.85 dividend per share on December 19, 2024[2][3]. Additionally, the company has announced a quarterly dividend, representing an annualized dividend of $3.40 and a yield of 2.08%[1].

Qualcomm reported a strong Q4 2024 with total revenues of $10.244bn, a 19% increase year-over-year, and net income of $2.92bn, nearly doubling from the previous year. Automotive and IoT revenues surged, with automotive revenues up 68% to $899m, and IoT revenues at $1.7bn[2][4].

Qualcomm announced fiscal 2024 results with GAAP revenues of $39.0 billion, a 8.8% increase from FY 2023, and GAAP EPS of $8.97, exceeding analyst estimates by 4.0%. The company also reported a 38% increase in net income to $10.1 billion and a profit margin of 26%[2][4]. Qualcomm's Board of Directors approved a new $15.0 billion stock repurchase authorization with no expiration date, in addition to the remaining $1.0 billion from the 2021 program[1]. The company set new growth targets, highlighting opportunities driven by on-device AI, and will provide updates on growth and diversification initiatives at their Investor Day on November 19, 2024[5].