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Qualcomm's Q1 earnings show promise with uptick in chipset sales
Most chipset sales came from handsets and automotive
Qualcomm announced its Q1 financial earnings for fiscal year 2024 on Wednesday, posting a 'strong' Q1 based on its handsets and automotive sales. "We are extremely pleased to report strong quarterly results, with revenues and EPS exceeding the high end of our guidance," said Cristiano Amon, president and CEO of Qualcomm. "We are proud to partner with Samsung and Google to provide leading XR experiences to Galaxy users by utilizing Snapdragon XR2+ Gen 2," Amon added on the earnings call.
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