Home Brand Story Qualcomm will release Q4 earnings on November 1, expects revenue decline

Qualcomm will release Q4 earnings on November 1, expects revenue decline

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Intel, Microsoft, Amazon, Google parent company Alphabet and other companies release their latest quarterly or financial reports, there will still be many companies that will release financial reports in the subsequent period, and Qualcomm is one of them.

According to information on Qualcomm’s official website, their financial report for the fourth fiscal quarter of fiscal year 2023 as of the end of September will be released on November 1, local time, and the financial analyst conference call will be held at 1:45 pm Pacific time on November 1. That is, it will start at 4:45 am on November 2, Beijing time.

For the fourth fiscal quarter, Qualcomm had expected revenue of $8.1 billion to $8.9 billion in its third fiscal quarter financial report released on August 2, and earnings per share under U.S. GAAP were expected to be $1.37 to $1.57.

According to expectations given by Qualcomm, their fourth quarter revenue will still decline year-on-year.

In the fourth quarter of fiscal 2022, Qualcomm had revenue of $11.396 billion and earnings per share of $2.54 under U.S. GAAP; revenue under non-GAAP was $11.387 billion and earnings per share of $3.13.

In addition, if Qualcomm’s fourth-quarter revenue is at the lower end of expected revenue, it will also decline quarter-on-quarter. Their fiscal third quarter revenue was $8.451 billion on a GAAP basis and $8.442 billion on a non-GAAP basis.

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