QUALCOMM (QCOM) Revenue — Quarter Ended Sep 29, 2024
Revenue increased in the current quarter compared to both the prior quarter and the same quarter a year ago. The growth rate versus the prior year was notably stronger than the sequential gain.
Key takeaway
Quarter ended Sep 29, 2024 · FY2024 Q4
Revenue increased in the current quarter compared to both the prior quarter and the same quarter a year ago. The growth rate versus the prior year was notably stronger than the sequential gain.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$10.2B
Revenue reported for this quarter.
Quarter-over-quarter
+9.1%
Change from the immediately preceding quarter.
Year-over-year
+18.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$39B
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 |
|---|---|---|
| Dec 24, 2023 | $9.9B | +5.0% |
| Mar 24, 2024 | $9.4B | +1.2% |
| Jun 23, 2024 | $9.4B | +11.1% |
| Sep 29, 2024 | $10.2B | +18.7% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, continuing an upward trajectory. The year-over-year comparison also showed a substantial increase.
Quarterly comparison
Sequentially, revenue improved by a moderate percentage, while the year-ago comparison reflected a much larger percentage gain. This indicates that the current quarter's revenue growth accelerated relative to the same period last year.
What to watch
Monitor whether the sequential growth rate can sustain or improve in the coming quarters.