Qualcomm Incorporated: Achieving Growth  Through Internet of Things (IoT) & Diversification Strategy!

Qualcomm Inc. reported financial results for the third quarter of fiscal 2024, demonstrating significant achievements and facing certain market challenges. The company’s non-GAAP revenue reached $9.4 billion, with earnings per share (EPS) of $2.33, surpassing the midpoint of their guidance. The core driver of this performance was their chipset business, generating revenues of $8.1 billion, underscored by sequential growth in the automotive and IoT sectors and consistent demand for Snapdragon mobile platforms across leading smartphones.