QUALCOMM (QCOM) Revenue — Quarter Ended Mar 24, 2024
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease followed a strong prior period, while the year-over-year gain marked a continued recovery from earlier lows.
Key takeaway
Quarter ended Mar 24, 2024 · FY2024 Q2
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease followed a strong prior period, while the year-over-year gain marked a continued recovery from earlier lows.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.4B
Revenue reported for this quarter.
Quarter-over-quarter
-5.5%
Change from the immediately preceding quarter.
Year-over-year
+1.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$36.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 25, 2023 | $8.5B | -22.7% |
| Sep 24, 2023 | $8.6B | -24.3% |
| Dec 24, 2023 | $9.9B | +5.0% |
| Mar 24, 2024 | $9.4B | +1.2% |
Revenue performance
The reported revenue decreased from the immediately preceding quarter, reflecting a reversal of the prior period's growth. However, revenue increased compared to the same quarter one year earlier, indicating a year-over-year improvement.
Quarterly comparison
Compared to the prior quarter, revenue contracted after a period of expansion. Versus the same quarter a year ago, revenue expanded, continuing a trend of year-over-year growth.
What to watch
Monitor whether the sequential decline persists or stabilizes in the coming quarters.