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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 10.2B | 9.1% |
| Gross Profit | 5.78B | 10.7% |
| Cost of Revenue | 4.47B | 7% |
| Operating expense | 3.38B | 15.7% |
| Net Income | 2.92B | 37.2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 55.2B | 4.6% |
| Total Liabilities | 28.9B | 2.9% |
| Total Equity | 26.3B | 6.5% |
| Shares Outstanding | 1.11B | 0.3% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 2.65B | 13.3% |
| Cash from investing | -385M | 63.1% |
| Cash from financing | -2.2B | 36.2% |
EPS
Financial Highlights for QUALCOMM in Q3 '24
QUALCOMM reported a revenue of 10.2B, which is a 9.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 5.78B, marking a 10.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 4.47B, a 7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 3.38B, showing a 15.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 2.92B, showing a 37.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for QUALCOMM with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.
