QUALCOMM (QCOM) Revenue — Quarter Ended Jun 23, 2024
Revenue remained level with the prior quarter, while increasing compared to the same period last year. The company's filing highlights an ongoing risk from customer concentration in premium tier handset devices.
Key takeaway
Quarter ended Jun 23, 2024 · FY2024 Q3
Revenue remained level with the prior quarter, while increasing compared to the same period last year. The company's filing highlights an ongoing risk from customer concentration in premium tier handset devices.
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
+0.0%
Change from the immediately preceding quarter.
Year-over-year
+11.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$37.3B
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 |
|---|---|---|
| Sep 24, 2023 | $8.6B | -24.3% |
| Dec 24, 2023 | $9.9B | +5.0% |
| Mar 24, 2024 | $9.4B | +1.2% |
| Jun 23, 2024 | $9.4B | +11.1% |
Revenue performance
Reported revenue was unchanged from the preceding quarter, reflecting a stable sequential performance.
Quarterly comparison
Compared to the same quarter one year earlier, revenue showed an increase, indicating year-over-year growth.
What to watch
The filing notes that a significant portion of revenue depends on a small number of customers, especially those selling premium tier handsets.