Qualcomm reports $10.2B in FY Q4 revenue thanks to strong headset sales, automotive push

What you need to know

• Qualcomm announced its fiscal year Q4 2024 revenue with $10.2 billion for the quarter.
• Mobile chipset sales increased by 12%, while automotive grew an impressive 68% compared to the same quarter in 2023.
• Qualcomm just launched the Snapdragon 8 Elite, which is already landing in new smartphones from Xiaomi, OPPO, OnePlus, and more.

Qualcomm is ending its 2024 fiscal year on a high note, reporting a 12% growth in Q4 revenue to $10.2 billion. That brings its total 2024 revenue to $39 billion, up 9% compared to fiscal year 2023.

“We are pleased to conclude the fiscal year with strong results in the fourth quarter, delivering greater than 30% year-over-year growth in EPS,” said Qualcomm CEO Cristiano Amon in a prepared statement.