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Stock QCOM

Qualcomm, Inc.

Us7475251036, semiconductors.

Market Closed - Nasdaq 04:00:00 2024-06-27 pm EDT 5-day change 1st Jan Change
195.2 -1.10% -9.43% +34.93%
Jun. 27 MT
Jun. 27 RE
  • Qualcomm : FY 2023 4th Quarter Executive Presentation

Fourth Quarter and Fiscal 2023 Earnings

November 1, 2023

Note Regarding Forward-Looking Statements

In addition to historical information, this document and the conference call that it accompanies contain forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to: statements regarding our growth and diversification opportunities, including those in Automotive, IoT and the artificial intelligence (AI) space; our business, product and technology strategies, including our diversification strategy; our technologies, technology leadership and technology roadmap; our products, product performance, product leadership, product pipeline, product mix and product roadmap; new product releases, announcements and design wins; the benefits of our technologies, products and research and development efforts; our business and share trends, as well as market and industry trends, such as on-device Generative AI and heterogeneous mobile computing, and their potential impact on our business and our positioning to take advantage thereof; acquisitions, collaborations or other strategic transactions, including the anticipated benefits thereof; elevated channel inventory levels, including our expectations regarding the resolution of this condition and the timing thereof; our restructuring initiatives and cost actions, and the anticipated timing and benefits thereof; anticipated demand for our products and technologies; seasonal trends; our business outlook; our expectations regarding macroeconomic conditions; and our estimates, guidance and targets related to revenues, earnings per share (EPS), non-GAAP combined R&D and SG&A expenses (non-GAAP operating expenses), interest and investment and other expense (income) net, weighted average diluted share count, earnings before tax (EBT) margins and growth, effective tax rates and global handset units. Forward-looking statements are generally identified by words such as "estimates," "guidance," "forecast," "target," "expects," "anticipates," "intends," "plans," "believes," "seeks" and similar expressions. Actual results may differ materially from those referred to in the forward-looking statements due to a number of important factors, including but not limited to: our dependence on a small number of customers and licensees, and particularly from their sale of premium-tier devices; our customers vertically integrating; a significant portion of our business being concentrated in China, which is exacerbated by U.S./China trade and national security tensions; our ability to extend our technologies and products into new and expanded product areas, and industries and applications beyond mobile handsets; our strategic acquisitions, transactions and investments, and our ability to consummate strategic acquisitions; our dependence on a limited number of third-party suppliers; risks associated with the operation and control of our manufacturing facilities; security breaches of our information technology systems, or other misappropriation of our technology, intellectual property or other proprietary or confidential information; our ability to attract and retain qualified employees; the continued and future success of our licensing programs, which requires us to continue to evolve our patent portfolio and to renew or renegotiate license agreements that are expiring; efforts by some OEMs to avoid paying fair and reasonable royalties for the use of our intellectual property, and other attacks on our licensing business model; potential changes in our patent licensing practices, whether due to governmental investigations, legal challenges or otherwise; adverse rulings in governmental investigations or proceedings or other legal proceedings; our customers' and licensees' sales of products and services based on CDMA, OFDMA and other communications technologies, including 5G, and our customers' demand for our products based on these technologies; competition in an environment of rapid technological change, and our ability to adapt to such change and compete effectively; failures in our products or in the products of our customers or licensees, including those resulting from security vulnerabilities, defects or errors; difficulties in enforcing and protecting our intellectual property rights; claims by third parties that we infringe their intellectual property; our use of open source software; the cyclical nature of the semiconductor industry, declines in global, regional or local economic conditions, or our stock price and earnings volatility; geopolitical conflicts, natural disasters, pandemics and other health crises, and other factors outside of our control; our ability to comply with laws, regulations, policies and standards; our indebtedness; and potential tax liabilities. These and other risks are set forth in our Annual Report on Form 10-K for the fiscal year ended September 24, 2023 filed with the Securities and Exchange Commission (SEC). Our reports filed with the SEC are available on our website at www.qualcomm.com . We undertake no obligation to update, or continue to provide information with respect to, any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.

This presentation includes "Non-GAAP financial measures" as that term is defined in Regulation G. Further discussion regarding our use of Non-GAAP financial measures, as well as the most directly comparable GAAP (accounting principles generally accepted in the United States) financial measures and information reconciling these Non-GAAP financial measures to our financial results prepared in accordance with GAAP, are included in this presentation.

References to "Qualcomm" refer to Qualcomm Incorporated and/or its subsidiaries, as applicable. Qualcomm Incorporated includes QTL and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering and research and development functions and substantially all of our products and services businesses, including QCT.

Q4FY23 Highlights

Fourth Quarter Fiscal 2023 Results

Non-GAAP (1) EPS (2) Exceeded High End of Guidance Range (3)

Non-GAAP Revenues

Non-GAAP EPS

Revenues of

above guidance midpoint (3)

Combined Automotive & IoT revenues

with EBT margin of

EBT margin of

at midpoint of guidance range (3)

to stockholders including

of share repurchases &

Exceeded our FY23 cost action target, reducing Non-GAAP operating expenses (5) by

relative to FY22 exit rate

Record free cash flow (6) of

Record Automotive Revenues

in dividends

1.) Non-GAAP information excludes our QSI (Qualcomm Strategic Initiatives) segment and certain share-based compensation, acquisition-related items, and other items. Further discussion regarding our use of Non-GAAP financial measures and reconciliations between GAAP and Non-GAAP results are included in this presentation; 2.) EPS = Diluted earnings per share; 3.) Prior guidance as of August 2, 2023; 4.) EBT = Earnings before taxes; 5.) Non-GAAP operating expenses = Non-GAAP combined R&D and SG&A expenses; 6.) Free cash flow = Net cash provided by operating activities less

capital expenditures.

4

QCT Highlights

12 th consecutive quarter of double-digit YoY Auto growth

Internet of Things (IoT)

  • We announced our latest premium mobile platform, the Snapdragon® 8 Gen 3 , which delivers industry-leading performance and extraordinary experiences to consumers for the upcoming generative AI era.
  • In addition, we recently entered into an agreement with Apple to supply Snapdragon 5G Modem-RF Systems for smartphone launches in 2024, 2025 and 2026. This agreement reinforces our track record of sustained leadership across 5G technologies and products.
  • Our Snapdragon® Digital Chassis™ solutions will bring advanced capabilities to the upcoming Cadillac Escalade IQ , which is planned for commercial production in 2024. The Cadillac Escalade IQ will be equipped with our Snapdragon Cockpit, Snapdragon Auto Connectivity, and Snapdragon Ride™ Platforms.
  • Additionally, we are proud of our partnership with BMW for all vehicles as well as the upcoming Neue Klasse. We are also excited that the Snapdragon Digital Cockpit and connectivity solutions now power the new Mercedes-Benz User Experience, starting with the 2024 E-Class Sedan.
  • We reached an important milestone in our expansion into PCs with the announcement of our Snapdragon® X Elite platform - including our first implementation of the custom Qualcomm Oryon™ CPU which exceeds the multi-threaded CPU performance of any x86 or ARM competitor in its class .
  • Our Wi-Fi 7 solutions are seeing strong traction, with more than 350 design wins across all categories to date. We recently announced several new collaborations, including with Charter Communications in the U.S. and EE in the UK, both of which are preparing to roll out enhanced next-generationWi-Fi 7 connectivity to their residential, and small and medium-sized business customers.
  • Together with Meta, we are developing next-generation technologies to create the future of spatial computing . The Snapdragon AR1 Gen 1, along with the previously announced Snapdragon XR2 Gen 2, are a testament to the strength of this long-standing partnership. Across the industry, Snapdragon remains the platform of choice for all leading VR, MR and AR designs.

Note: Beginning in the first quarter of fiscal 2023, QCT RFFE (radio frequency front-end) revenues, which were previously presented as a separate revenue stream, are now included within our Handsets,

5

Automotive and IoT revenue streams as applicable. Prior period information has been recast to reflect this change.

Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries.

Financial Results and Guidance

As of November 1, 2023

Quarterly Results and Guidance

Q4FY23 Guidance(1)

Q4FY23 Results

GAAP Revenues

$8.1B - $8.9B

$8.6B

Non-GAAP diluted EPS

$1.80 - $2.00

$2.02

Decreased 1%

Non-GAAP operating expenses

~Flat

sequentially

GAAP interest and investment and other expense (income), net

~$75M

($9M)

Non-GAAP effective tax rate

~14%

13%

Weighted average diluted share count

~1.12B

1.13B

Segment Results and Guidance

QCT revenues

$6.9B - $7.5B

$7.4B

QCT EBT margin %

24% - 26%

26%

QTL revenues

$1.15B - $1.35B

$1.26B

QTL EBT margin %

64% - 68%

66%

Annual Guidance

FY23 Prior Guidance(1)

FY23 Results

Non-GAAP effective tax rate

~15%

14%

Q1FY24 Guidance (2)

$9.1B - $9.9B

$2.25 - $2.45 ~Flat ~$50M ~14% ~1.13B

$7.7B - $8.3B 26% - 28% $1.3B - $1.5B 70% - 74%

FY24 Guidance (2)

1.) Prior guidance as of August 2, 2023; 2.) Our outlook does not include provisions for proposed tax law changes, future asset impairments or for pending legal matters, other than future legal amounts that are probable and estimable. Further, due to their nature, certain income and expense items, such as certain investments, derivative and foreign currency transaction gains or losses, cannot be accurately forecast. Accordingly, we only include such items in our financial outlook to the extent they are reasonably certain. Our outlook includes the impact of any pending business combinations to the extent they are expected to close in the upcoming quarter. Actual results may differ materially from outlook.

FY23 Highlights

Results -19%

$44.2B

$35.8B

FY22

FY23

$16.6B

$11.1B

FY22

FY23

$12.53

$8.43

FY22

FY23

FY23

QCT

Segment

Revenues

EBT

Results

-19%

-38%

Revenues EBT

$37.7B

$30.4B

FY22

FY23

$12.8B

$7.9B

FY22

FY23

$6.4B

$5.3B

FY22

FY23

$4.6B

$3.6B

FY22

FY23

QCT Revenue Handsets

Streams -22%

Automotive IoT

$28.8B

$22.6B

FY22

FY23

$1.5B

$1.9B

FY22

FY23

$7.4B

$5.9B

FY22

FY23

Note: Beginning in the first quarter of fiscal 2023, QCT RFFE (radio frequency front-end) revenues, which were previously presented as a separate revenue stream, are now included within our Handsets, Automotive and IoT revenue streams as applicable. Prior period

10

information has been recast to reflect this change.

Attachments

  • Original Link
  • Original Document

Qualcomm Inc. published this content on 01 November 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 01 November 2023 20:05:36 UTC .

Latest news about Qualcomm, Inc.

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Chart Qualcomm, Inc.

Chart Qualcomm, Inc.

Company Profile

Income statement evolution, analysis / opinion.

Cristiano Amon, CEO of Qualcomm:  AI is coming to our smartphones

Cristiano Amon, CEO of Qualcomm: AI is coming to our smartphones

May 02, 2024 at 03:13 pm EDT

Ratings for Qualcomm, Inc.

Analysts' consensus, eps revisions, quarterly earnings - rate of surprise, sector other semiconductors.

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QUALCOMM Incorporated 2024 Q1 - Results - Earnings Call Presentation

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The following slide deck was published by QUALCOMM Incorporated in conjunction with their 2024 Q1 earnings call.

First Quarter

This article was written by

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Qualcomm showcases diversification, growth and resilience at investor day 2021.

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As a tech analyst, I frequently watch the quarterly earnings reports of the companies I follow closely. While these provide helpful snapshots of a company’s outlook, nothing compares to the wealth of information typically offered at annual Investor Days. These events give companies a chance to provide shareholders with the big picture stuff—context for the previous year’s numbers and how they fit into the company’s roadmap and strategy at large. Investors, current and prospective, look to companies with a well-defined vision and proof of progress, at the bottom line, of its successful execution. For me, an industry analyst, it gives me as close to “ground truth” as I can get that comes with an investor day.

Qualcomm held its annual Investor Day this week, and it did not disappoint. The event was a fount of helpful information, providing insight into the chip manufacturer’s growth areas and diversification, progress towards various strategic business goals, and its general plan for mobile world domination. Let’s look at the highlights of the day as I see them.

The financials

First, let’s look at Qualcomm’s last year by the numbers. Qualcomm Chief Financial Officer Akash Palkhiwala took the stage to share updates on the company’s key financial priorities—revenue growth, diversification, operating discipline and capital allocation. He led off with the news that Qualcomm is significantly exceeding the targets it set at Analyst Day 2019 (see Figure 1 below) as it shifts its earnings mix away from its traditional licensing business (QTL) and towards its chip manufacturing business (QCT). The latter encompasses Qualcomm’s myriad of handset modems, RF front-end, automotive and IoT chipset offerings.

Three-year financial targets set at Analyst Day 2019, which Qualcomm has surpassed a full year early

Before we break down the past year’s QTL and QCT numbers, let’s look at FY21 overall.  Revenue was up 55%, from $21.7B in 2020 to $33.5B in 2021. The company’s operating income climbed a whopping 98%, from $5.9B in 2020 to $11.8B in 2021. Of particular interest to Qualcomm’s investors was, of course, the company’s earnings per share, which rose from $4.19 last year to $8.54 in 2021—put into perspective, a 104% increase.

Regarding diversification within QCT, Qualcomm’s RF front-end, automotive and IoT revenue made significant gains on its handset modem business, the company’s traditional bread and butter. Individually, these non-handset segments showed record revenue growth:

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  • RF front-end revenue up 76%, from $2.4B in FY20 to $4.2B in FY21
  • Automotive revenue up 51%, from $0.64B in FY20 to $0.97B in FY21
  • IoT revenue up 67%, from $3B in FY20 to $5.1B in FY21

Qualcomm’s total non-handset revenue more than doubled over two years, from $4.8B in 2020 to $10.2B in 2021—38% of QCT’s overall FY21 revenue ($27B).

Additionally, Qualcomm expanded its operating margins, the purported result of employing a single technology roadmap across all products. Qualcomm claims this approach has reduced its non-GAAP operating expenses (as a percentage of revenue) by 11% since 2019, from 34% to 23%. During that same period, QCT’s earnings before taxes margins grew from 15% to 29%, a 14% increase.

Qualcomm nearly “Apple-Proof”

Let’s drill down into handsets, or, as they’re colloquially known, smartphones. The big, ongoing story in this area is Qualcomm’s ever-dwindling reliance on old frenemy Apple. Over the last few years, many talking heads speculated that Apple’s development of its own 5G modem would inevitably spell Qualcomm’s downfall. As I’ve said over and over, the company has effectively diversified itself to the point where it is nearly Apple-proof. This is a counter to the investors who have traditionally put what I believe is too much weight on Apple’s value to Qualcomm’s overall business.

Qualcomm drove this point home at Investor Day 2021, divulging that it expects only a 20% share of the 2023 iPhone launch. If that comes to bear, Apple revenue as a percentage of QCT should fall in the low single digits by the end of FY24. At the same time, Qualcomm chips will purportedly ship inside approximately 85% of all Android handsets worldwide in 2022, comprising about 87% of QCT’s handset SAM for the year. On the whole, Qualcomm projects its handset revenue to grow at least in line with its projected SAM, but its Android handset revenue is growing at a significantly faster rate. Its FY21 Android revenue was reportedly around 40% higher than its primary competitor (MediaTek, presumably), so it’s not even a close race. Qualcomm is running away with the Android market. The loss of its business with Apple, once considered vital, will not be enough to blunt this momentum.

Qualcomm put any further worries to rest by announcing a slate of two-year customer commitments on premium and high-tier smartphones from Xiaomi, Honor, Vivo and Oppo. That’s in addition to Qualcomm’s Samsung design wins across 2022 smartphone tiers, including the entire global allocation of Galaxy Z Fold series, Galaxy Z Flip series and a good portion of Galaxy S series. Circling back, does anyone still seriously think Apple’s 5G modem will “crush” Qualcomm’s prospects? 

RF front-end gains and potential

RF Front-End: Revenue Growth Opportunity

The OEM landscape is shifting as Chinese companies, such as those with new commitments to Qualcomm, gain share. Qualcomm believes these changes, along with the transition to 5G, will expand its opportunity in premium and high-tier devices beyond that of only modems. That brings us to the topic of RF front-end, another area where Qualcomm, frankly, looks to be in great shape. RF front-end is a catchall term for the RF component of the modem-to-antenna solutions employed by connected handsets, cars and IoT devices. 

With $3.9B worth of revenue in FY21, Qualcomm is already the market leader in RF front-end solutions for smartphones. As the global migration to 5G and adoption of mmWave technology continues, Qualcomm believes modem-to-antenna solutions will only extend its overall leadership in handsets. The company’s automotive RF front-end business is also looking promising, with over $0.6B worth of design wins currently in the pipeline. With up to 70% of cars expected to be connected by 2024, and each vehicle expected to include up to $30 worth of 5G RF content, Qualcomm has a significant opportunity to take advantage of here. Qualcomm’s IoT RF front-end solutions have also shown growth, bringing in approximately $0.3B of revenue in FY21. This segment also appears poised to explode as 5G proliferates in PCs, XR devices, wearables, tablets, wireless fiber and more. Keep your eye on WiFi 7 as this will be the company’s entry into the growing RFFE market for WiFi.

Qualcomm expects the roughly $17B RF front-end SAM to expand at a 12% CAGR, reaching $24B by 2024. Furthermore, the company projects its RF front-end revenue ($4.2B in FY21) to grow in line with this market growth. However, with commitments from major OEMs already on the books, don’t be surprised if Qualcomm exceeds those projections. 

Automotive: Revenue Growth Opportunity

Automotive and IoT growth potential

Qualcomm also stands to benefit significantly from the increasing complexity and levels of autonomy of next-generation vehicles. Considering advancements in telematics and connectivity, the digital cockpit, ADAS and autonomy, Qualcomm projects its automotive SAM to grow from its current $3B to $15B in 2026. The company currently has $13B worth of design wins coming down the pipeline, a number that has doubled since Analyst Day in 2019. These design pipelines matter because automotive designs can take anywhere from 3 to 5 years to be realized as revenue. Looking to the future, Qualcomm expects 70% revenue coverage in its automotive business over the next five years with a high degree of confidence. Additionally, Qualcomm projects that its annual automotive revenue, totaling $1B in FY21, will balloon to roughly $3.5B in five years and around $8B in a decade. 

Qualcomm kicked off its Investor Day announcing the expansion of its relationship with BMW Group related to ADAS. While you may have seen Qualcomm in BMW telematics and the dash, ADAS is new. From my understanding, cars with this functionality should be available model year 2025. Also of interest was the first time I saw anyone from GM cite Qualcomm and Super Cruise in the same sentence. So it’s official, Qualcomm is powering GM’s Super Cruise and that’s a very big deal.

The last non-handset area I’ll mention is IoT, where Qualcomm pulled in $5.1B of an estimated $42B SAM in FY21. Qualcomm expects its IoT SAM to grow significantly between now and FY24, driven by growth in edge networking, consumer devices (PCs and XR) and several industrial verticals. Of its $67B IoT SAM projected for 2024, Qualcomm hopes to grow its revenues in the segment up to $9B.  

This section was very straight-forward but with very little insights about the PC market. We know that Nuvia-based solutions will sample in 2022 and be in devices in 2023, but Qualcomm was very conservative on how it believes it can perform in this giant, 300M unit, high ASP market.

Wrapping up

Qualcomm painted a compelling picture at Investor Day 2021: a company on a distinct upward trajectory, driven by a concerted diversification into fast-growing segments that reduce its reliance on any specific company or product (cough, cough, Apple). Not only did Qualcomm show impressive financial growth across handsets, RF front-end, automotive and IoT, but it very clearly laid out why we can expect this revenue to continue to grow alongside the company’s expanding SAMs. As for its protracted split with Apple, Qualcomm’s runaway success with Android handset OEMs should do much to insulate it from the fallout it may incur from the split. All the while, the company’s opportunities in RF front-end, automotive and IoT space are poised to dramatically increase over the next decade, driven by enterprise digital transformation, the transition to 5G and a changing OEM landscape that elevates Qualcomm’s partners in China. Overall, it’s not a bad place to be if you’re Qualcomm. 

Note: Moor Insights & Strategy writers and editors may have contributed to this article.  

Moor Insights & Strategy, like all research and tech industry analyst firms, provides or has provided paid services to technology companies. These services include research, analysis, advising, consulting, benchmarking, acquisition matchmaking, or speaking sponsorships. The company has had or currently has paid business relationships with 8×8, A10 Networks, Advanced Micro Devices, Amazon, Ambient Scientific, Anuta Networks, Applied Micro, Apstra, Arm, Aruba Networks (now HPE), AT&T, AWS, A-10 Strategies, Bitfusion, Blaize, Box, Broadcom, Calix, Cisco Systems, Clear Software, Cloudera, Clumio, Cognitive Systems, CompuCom, CyberArk, Dell, Dell EMC, Dell Technologies, Diablo Technologies, Dialogue Group, Digital Optics, Dreamium Labs, Echelon, Ericsson, Extreme Networks, Flex, Foxconn, Frame (now VMware), Fujitsu, Gen Z Consortium, Glue Networks, GlobalFoundries, Revolve (now Google), Google Cloud, Graphcore, Groq, Hiregenics, HP Inc., Hewlett Packard Enterprise, Honeywell, Huawei Technologies, IBM, IonVR, Inseego, Infosys, Infiot, Intel, Interdigital, Jabil Circuit, Konica Minolta, Lattice Semiconductor, Lenovo, Linux Foundation, Luminar, MapBox, Marvell Technology, Mavenir, Marseille Inc, Mayfair Equity, Meraki (Cisco), Mesophere, Microsoft, Mojo Networks, National Instruments, NetApp, Nightwatch, NOKIA (Alcatel-Lucent), Nortek, Novumind, NVIDIA, Nutanix, Nuvia (now Qualcomm), ON Semiconductor, ONUG, OpenStack Foundation, Oracle, Panasas, Peraso, Pexip, Pixelworks, Plume Design, Poly (formerly Plantronics), Portworx, Pure Storage, Qualcomm, Rackspace, Rambus, Rayvolt E-Bikes, Red Hat, Residio, Samsung Electronics, SAP, SAS, Scale Computing, Schneider Electric, Silver Peak (now Aruba-HPE), SONY Optical Storage, Springpath (now Cisco), Spirent, Splunk, Sprint (now T-Mobile), Stratus Technologies, Symantec, Synaptics, Syniverse, Synopsys, Tanium, TE Connectivity, TensTorrent, Tobii Technology, T-Mobile, Twitter, Unity Technologies, UiPath, Verizon Communications, Vidyo, VMware, Wave Computing, Wellsmith, Xilinx, Zayo, Zebra, Zededa, Zoho, and Zscaler. Moor Insights & Strategy founder, CEO, and Chief Analyst Patrick Moorhead is a personal investor in technology companies dMY Technology Group Inc. VI and Dreamium Labs.

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5G - 3GPP Release 17: Qualcomm Presentation

qualcomm presentation

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3GPP Release 17: Qualcomm Presentation

To bring new system capabilities and expand 5G to new devices, applications, and deployment

Completing the first phase of the 5G evolution

Rel-15 eMBB focus

•5G NR foundation

•Sub-7 and mmWave

•Scalable & forward compatible

•Basic URLLC support

•mMTC via eMTC & NB-IoT

Rel-16 industry expansion

•Unlicensed spectrum (NR-U)

•Enhanced URLLC

•New functionalities: Sidelink (NR V2X), Positioning

•5G broadcast

•eMTC/NB-IoT with 5G core

•Topology: IAB

•eMBB enh: MIMO, device power, CA/DC, mobility

Rel-17 continued expansion

•mmWave extended to 71GHz

•Lower complexity “NR-Light” (RedCap)

•Non-terrestrial communication (satellites): NR NTN and NTN IoT

•Improved IIoT, positioning, V2X

•Enhanced IAB, RF repeaters

Rel-18+ 5G-Advanced

•Next set of 5G releases (i.e., 18, 19, 20, …)

•Rel-18 scope decided in Dec ’21

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Automotive Investor Day Livestream

September 22, 2022 | new york, ny, usa.

On September 22, 2022, at Automotive Investor Day, Qualcomm executives will discuss how the Snapdragon Digital Chassis is enabling the transformation of the automobile. The discussion will be followed by a live Q&A.

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September 17th: Day 1 – Keynote & Presentations 8:00am-4:00pm Location: Qualcomm – N Auditorium 5775 Morehouse Drive, San Diego, CA September 17th: 4:30pm-6:30pm: Networking Meetings & Reception Location: La Jolla Marriott 4240 La Jolla Drive, San Diego, CA September 18th: Day 2: 8:30am – 12:30pm Presentations & Meetings Location: La Jolla Mariott 4240 La Jolla Drive, San Diego, CA

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Why Shares of Qualcomm Soared Nearly 8% Higher Today

  • Qualcomm said it will continue to grow even if Apple decides to part ways.
  • Motley Fool Issues Rare “All In” Buy Alert

NASDAQ: QCOM

Qualcomm Stock Quote

Shareholders were pleased with Qualcomm's new investor presentation.

What happened

Shares of mobile chip leader Qualcomm ( QCOM -1.10% ) soared nearly 8% higher today, building on the company's gains since reporting on the final quarter of its 2021 fiscal year (the 12 months ended Sept. 26, 2021). The stock is now up nearly 40% in the last month.  

The latest jump comes following Qualcomm's investor day presentation. Qualcomm's relationship with Apple ( AAPL 0.40% ) has been tenuous in recent years, and indications are that Apple might eventually part ways with Qualcomm . However, in the presentation, Qualcomm indicated it should continue to grow in the coming years with or without Apple -- leading to shareholder cheer.

A city skyline. An illustrated bubble with "5G" written in it hovers in the sky, representing mobile 5G networks.

Image source: Getty Images.

Smartphones have long been the secular growth trend behind Qualcomm's rise to mobile chip design dominance. But global smartphone growth has matured with billions of people already using mobile networks now. Additionally, Apple claims just over half of smartphone market share in the U.S. Potentially losing out on those lucrative iPhone sales has loomed large for Qualcomm shareholders, an event that could send the mobile semiconductor company into reverse if Apple says "sayonara."  

But the international scene is a different story. Android devices claim about 85% of global smartphone market share, and Qualcomm said its revenue among these handhelds is growing some 40% more than sales to "a leading competitor" (ahem, Apple). Additionally, 5G network adoption is only just beginning outside of the U.S. Qualcomm sees its total serviceable market growing an average of 12% a year through 2024 and reaching $46 billion (in global spend on mobile chips it designs) by that time.

Qualcomm has also put in significant work to diversify beyond smartphones. In fact, in its recently concluded 2021 fiscal year, non-mobile phone sales (encompassing radio frequency chips, automotive, and the Internet of Things) made up nearly 40% of the company's large CDMA Technologies segment. The rapid expansion of these chip types is expected to continue in coming years and further expand Qualcomm's semiconductor designs into new mobile markets.

Even after the recent jump in share price, Qualcomm stock trades for 24 times trailing-12-month free cash flow. Qualcomm has put in the work and is proving it will remain a healthy mobile chip leader for years to come, even if its relationship with a certain tech giant named after a fruit comes to an end.

Nicholas Rossolillo and his clients own shares of Apple. The Motley Fool owns shares of and recommends Apple and Qualcomm. The Motley Fool recommends the following options: long March 2023 $120 calls on Apple and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy .

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The real ai revolution will be invisible.

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Key Takeaways

  • Qualcomm, NVIDIA, AMD, Intel, and other companies are developing hardware for faster on-device AI.
  • On-device AI is already powering impressive audio mixing software, accessibility tools, and other software.
  • As AI hardware becomes more accessible, expect more useful AI features to be integrated into applications, replacing the current trend of obnoxious AI chatbots and suggested replies.

Tech companies are really excited about artificial intelligence, often to the point of creating unhelpful AI-related services and features just to prove they’re doing something with the technology. Underneath the vapid marketing and useless functionality, there are some genuinely impressive AI features that will make a difference in your day-to-day life.

Qualcomm invited me to its headquarters in San Diego, California this week to show off its ongoing work on AI technology. You might not have heard of Qualcomm, but it’s the company that builds the core chipsets for countless phones and tablets, from high-end devices like the Galaxy S24 Ultra to budget models like the Moto G 5G . The company’s modems are found in most iPhones , and it’s building VR and AR hardware for use in the Meta Quest and other headsets. Most recently, Qualcomm started building high-end System-on-a-Chip (SoC) designs for Windows laptops , in direct competition with CPUs from Intel and AMD.

Qualcomm is developing a lot of AI hardware and software, built up from the company’s experience with mobile image processing and other earlier implementations of on-device machine learning. The new Snapdragon X chipsets for PC laptops have a dedicated neural processing unit (NPU) for on-device AI tasks. The company’s newer mobile chips, like the Snapdragon 8s Gen 3, can handle some large language models (LLMs) without help from an external server over an internet connection. Qualcomm isn’t alone here, to be clear—the latest laptop CPUs from AMD and Intel also have NPUs, and consumer Nvidia GPUs can also handle many on-device AI workloads.

Outside The Hype

I know what you’re thinking. You’re tired of hearing every tech company ramble about AI like it’s the magical solution to all the world’s problems. You’re sick of the AI features popping up in your favorite apps. Maybe you’re an artist, writer, or some other creator that heard OpenAI’s CTO say that AI could kill some creative jobs that “shouldn’t have been there in the first place,” and you’re ready to burn it all down to the ground. I get that, and I agree most implementations of “AI” right now are solutions in search of a problem or actively harmful.

Underneath the AI hype cycle nonsense, and the executives excited about replacing countless workers with cheaper automation, there are some actually useful features that have only become feasible with recent hardware from Qualcomm, Intel, AMD, NVIDIA, and other companies.

Cephable, a company that builds a camera-based input tool for people with disabilities, showed off an updated version of its software running on a Snapdragon X Elite laptop. It uses a webcam for monitoring head movements and facial expressions, translating them into key presses or other actions for desktop software (for example, turning your head to change slides in a PowerPoint presentation). The new version for Snapdragon laptops runs all machine learning software on the dedicated NPU, reducing battery usage, improving processing speed and accuracy, and freeing up CPU and GPU resources for your other applications. There was another demonstration of djay Pro that could split songs into multiple instrumental and vocal tracks for real-time DJ mixing, which is only practical with on-device AI. The latest Logic Pro update on Mac and iPad has similar functionality for audio production.

Live demo of DJ software running on a Snapdragon X Elite laptop.

The ability to run large language models on a more typical smartphone, tablet, or PC opens up other interesting use cases. For example, the upcoming “Apple Intelligence” on iPhones, iPads, and Macs will use on-device AI to sort notifications and better understand spoken language in Siri. There are some features that are harder to build and scale when they require a powerful datacenter somewhere, and that’s what hardware makers are trying to change right now.

There aren’t many applications and services that use on-device AI right now, because they can behave differently across different devices and operating systems, and not everyone has a phone or PC with the required processing power. Newer developer tools, like NVIDIA’s TensorRT-LLM and Qualcomm’s AI Engine Direct SDK , are slowly making that part more accessible for software developers. Eventually, adding a feature that requires a powerful LLM won’t be much more complex than adding a feature that needs any other system function, and I expect that’s when we’ll see more apps adding useful features.

These advancements are pointing towards a future where more on-device AI features will be possible, and they will be implemented just like any other functionality in your favorite applications. The trend of obnoxious AI chatbots or AI-suggested replies on social media posts will eventually fade away (hopefully), but we’ll be left with the features that are actually useful . That’s the real AI revolution: not a giant Copilot button in Microsoft Edge, but your apps and devices becoming smarter and accomplishing specific tasks much quicker and more efficiently.

What’s Old Is New

The word “AI” has lost most of its meaning over the past year or two, much like “crypto” became meaningless during the last cryptocurrency bubble . It might mean large language models that require expensive datacenters, or it might be the image processing algorithms used when taking a photo on a modern smartphone. There are also many AI-enabled devices that are clearly just using the term for the hype value, like rice cookers with “AI Smart Cooking Technology.”

The term “AI” is also often used to describe the same functionality that was called “machine learning” a few years ago, such as object recognition in photos or translating text between languages. Many of those machine learning features were useful, such as Google Photos adding the ability to search for specific people or pets in photo libraries, or using Google Lens to figure out what type of bug you just found. Much of that functionality was never as obnoxious and in-your-face as many modern AI features, and many of those features don’t need big expensive servers.

The real AI revolution won’t be annoying popups or chatbots everywhere, or ugly AI-generated images all over social media. It will just be another step in the decades-long evolution of software, making your devices more useful. That’s the AI I’m excited about.

Disclosure: My trip to San Diego, California to visit the AI Analyst & Media Workshop was paid for by Qualcomm, including travel and accommodations. Qualcomm did not review this article before it went live.

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Microsoft Surface Pro 2-in-1 Laptop/Tablet (2024), Windows 11 Copilot+ PC, 13" Touchscreen Display, Snapdragon X Plus (10 Core), 16GB RAM, 256GB Storage, Platinum

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Snapdragon X Plus (10 core)

Snapdragon X Elite (12 core)

1 TB

Brand Microsoft
Model Name Surface Pro
Memory Storage Capacity 256 GB
Screen Size 13 Inches
Display Resolution Maximum 2880 x 1920

About this item

  • [This is a Copilot+ PC] — A new AI era begins. Experience enhanced performance and AI capabilities with Copilot+ PC, boosting productivity with security and privacy in mind.
  • [Introducing Surface Pro 13” Touchscreen Display] — The most flexible, powerful 2-in-1 laptop and tablet with AI-accelerated Copilot+ experiences. Surface Pro 11th Edition reimagines the laptop.
  • [Flexibility at Any Angle] — Use with the detachable Surface Pro Flex Keyboard (sold separately). Shift from tablet to laptop to sketchbook with its unique kickstand.
  • [Outstanding Performance] — Snapdragon X Plus (10 core) or Elite (12 core) with powerful NPU, faster than MacBook Air M3[1].
  • [All day battery life] — 14 hours of battery life[5], fast charging with 65W PSU via Surface Connect or USB-C.
  • [Recall with Copilot+]: Easily retrieve documents, emails, or web pages with an explorable timeline of your PC's history[2] (coming soon).
  • [Enhance Calls with Copilot+] — Improve lighting, cancel noise, and blur distractions with Windows Studio Effects for video calls. Prerelease product shown, subject to change.
  • [Translate with Copilot+] — Real-time subtitles for 44 languages during video calls or streaming.
  • [Cocreate with Copilot+] — Generate art from text or image prompts.
  • [Stunning Colors] — Black, Platinum, Sapphire, and brand-new Dune and matching keyboards in premium Alcantara fabric6 (sold separately)

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From the manufacturer

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Unlock your new superpower

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A smarter PC

The most powerful NPU in a PC delivers mind-boggling levels of AI compute at 40 trillion operations per second. Faster than MacBook Air M3 [1] with unrivaled power for seamless productivity.

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Surface Pro Copilot+ Can Recall instantly

Searching for a document, email or web page on your PC can be time-consuming. Now you can just describe how you remember something and Recall will find it, instantly. [2]

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Surface Pro Copilot+ Can Create with Cocreator

Everyone has an imagination and an ability to be an artist. Describe or draw your vision with text or image prompts and watch Cocreator generate an interpretation of it.

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Surface Pro Copilot+ Can Enhance your calls

Improve lighting and blur distractions in the background during video calls. When presentation matters, turn on Windows Studio Effects.

The most flexible laptop, reimagined.

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Ultra-flexible design

Experience unparalleled versatility with our iconic 165-degree fluid kickstand, offering seamless adjustments at any angle for your convenience.

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Turbocharged NPU

With turbocharged NPU powered by Snapdragon X Elite, your experience is unmatched with lightning speed and smooth performance.

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Built-in peace of mind

Designed for secure AI performance, Copilot + PCs safeguard your most sensitive information so you can be in control of protecting what's yours.

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Choose from four colors

Available in Black, Platinum, Sapphire, and brand-new Dune and matching keyboards in premium Alcantara fabrics. Keyboard sold separately.

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Your ultimate creative studio

Replace your tablet, laptop and create a full desktop – all in a thin and lightweight package.

Stay connected anywhere

Wi-Fi 73 offers the fastest wireless connection available and more efficient bandwidth ready for freeze-free videos calls.

All-day battery life

Up to 14 hours of battery life, the new Surface Pro can keep up with whatever you need to do, all day long.

The ports you need

Charge on-the-go, transfer data fast, or create the ultimate desktop set up with two USB-C 4 ports and support for up to three 4K monitors at 60Hz.

Accessories to help you find a new creative workflow

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New Surface Pro Flex Keyboard

The first ever 2-in-1 keyboard that can be used either attached or detached.

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Advanced Surface Slim Pen

More natural and inclusive with haptic feedback. Feels like a pencil, or pen, or brush stroke, whichever tool is your choice.

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Surface Thunderbolt 4 Dock

Elevate your workspace with Surface Thunderbolt 4 Dock, delivering ultra-high speed data transfer and connect up to two 4K monitors.

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Use Microsoft 365 (Office)

Get started seamlessly and stay on track no matter where you are with a familiar experience, cloud storage, and integrated accessibility features.

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A Day in the Life Using a Surface Pro Copilot+ PC

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A new AI era begins.

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Microsoft Surface Pro 2024 Copilot+ PC Unboxing!

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A Copilot+ PC Can Cocreate With You!

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Standing screen display size ‎13 Inches
Screen Resolution ‎2880x1920
Max Screen Resolution ‎2880 x 1920
Processor ‎10 Snapdragon
RAM ‎16 GB LPDDR5
Hard Drive ‎256 GB SSD
Graphics Coprocessor ‎ARM Mali T604
Chipset Brand ‎Qualcomm
Card Description ‎Integrated
Number of USB 2.0 Ports ‎1
Number of USB 3.0 Ports ‎1
Brand ‎Microsoft
Series ‎Surface Pro
Item model number ‎ZHX-00001
Operating System ‎Windows 11 Home
Item Weight ‎3.67 pounds
Product Dimensions ‎11.3 x 8.2 x 0.37 inches
Item Dimensions LxWxH ‎11.3 x 8.2 x 0.37 inches
Color ‎Platinum
Processor Brand ‎Snapdragon X Plus (10 core)
Number of Processors ‎1
Flash Memory Size ‎256 GB
Optical Drive Type ‎CD-R
Voltage ‎5 Volts
Batteries ‎1 Lithium Ion batteries required. (included)

Additional Information

ASIN B0CXL5272V
Customer Reviews
2.9 out of 5 stars
Date First Available May 20, 2024

Warranty & Support

Amazon.com Return Policy:You may return any new computer purchased from Amazon.com that is "dead on arrival," arrives in damaged condition, or is still in unopened boxes, for a full refund within 30 days of purchase. Amazon.com reserves the right to test "dead on arrival" returns and impose a customer fee equal to 15 percent of the product sales price if the customer misrepresents the condition of the product. Any returned computer that is damaged through customer misuse, is missing parts, or is in unsellable condition due to customer tampering will result in the customer being charged a higher restocking fee based on the condition of the product. Amazon.com will not accept returns of any desktop or notebook computer more than 30 days after you receive the shipment. New, used, and refurbished products purchased from Marketplace vendors are subject to the returns policy of the individual vendor.

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* Some Copilot+ PCs require download of free updates to run Copilot+ PC experiences, available starting late 2024 – 2025. See aka.ms/copilotpluspcs ** Pre-release screen shown; subject to change. *** Availability of Copilot+ PC features varies by device and market. [1] Based on Cinebench 2024 Multi-threaded conducted by Microsoft in April 2024 comparing pre-release build of Surface Laptop 13.8" and 15” with Snapdragon X Elite running pre-release Windows 11 26100 and Apple MacBook Air 13.6" and 15” with M3 running macOS 14 Sonoma. [2] Optimized for select languages (English, Chinese (simplified), French, German, Japanese, and Spanish. Content-based and storage limitations apply. Recall is coming soon through a post-launch Windows Update. See https://aka.ms/copilotpluspcs. [3] Colors available on selected models only. Available colors, sizes, finishes, and processors may vary by store, market, and configuration. [4] Surface Laptop, excluding power supply, contains a minimum of 25% recycled content. Based on validation performed by Underwriter Laboratories, Inc. using Environmental Claim Validation Procedure for Recycled Content, UL 2809-2, Second Edition, November 7, 2023.  [5] Currently supports translation for video and audio subtitles into English from 40+ languages. See https://aka.ms/copilotpluspcs. [6] Battery life varies significantly based on device configuration, usage, network and feature configuration, signal strength, settings and other factors. See aka.ms/SurfaceBatteryPerformance for details. [7] 13.8" Surface Laptop comes with 39 W Surface power supply. Fast charging (from 5% to 80%) is supported with minimum 65W Surface power supply or USB-C® PD charger, sold separately. Testing was conducted at Microsoft in February 2024, using pre-production devices, software, and minimum of 65W USB-C® charger under controlled conditions. The device was powered on to the desktop screen with default display brightness settings. Actual charge time will vary based on operating conditions. Measured at typical office ambient temperature of 23C.   [8] Enclosure includes A Cover, C Bucket and D Cover. 100% recycled aluminum alloy in A Cover and C Bucket. 100% recycled rare earth metals in magnets. Based on validation performed by Underwriter Laboratories, Inc. using Environmental Claim Validation Procedure (ECVP) for Recycled Content, UL 2809-2, Second Edition, November 7, 2023.  [9] Enclosure includes A Cover, C Bucket and D Cover. Based on validation performed by Underwriter Laboratories, Inc. using Environmental Claim Validation Procedure for Recycled Content, UL 2809-2, Second Edition, November 7, 2023. [10] Available colors may vary by market. [11] USB-C® port does not charge your Surface device or any device that requires more than 15W [12] Requires device with USB-C® USB4®/Thunderbolt™ 4 port and when supported by device and display. *Screens simulated; subject to change *Recall: Optimized for select languages (English, Chinese (simplified), French, German, Japanese, and Spanish.) Content-based and storage limitations apply. See [https://aka.ms/copilotpluspcs]. *Cocreator: Optimized for English text prompts See [https://aka.ms/copilotpluspcs]

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You are about to review presentations, webcasts, filings and other materials of Qualcomm Incorporated or its subsidiaries. We believe the information contained therein is accurate as of the date of such materials. However, that information may be updated, amended, supplemented or otherwise modified by subsequent presentations, webcasts, filings, events or other materials.

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These and other risks are set forth in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q filed with the U.S. Securities and Exchange Commission (SEC). Our reports filed with the SEC are available on our website at  www.qualcomm.com . We undertake no obligation to update, or continue to provide information with respect to, any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.

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  2. News & Events :: QUALCOMM Incorporated (QCOM)

    Qualcomm Schedules Second Quarter Fiscal 2024 Earnings Release and Conference Call . Apr 17, 2024. Qualcomm Announces Quarterly Cash Dividend . Mar 5, 2024. Qualcomm Increases Quarterly Cash Dividend . View all news. Upcoming event Jul 31, 2024 • 1:45 pm PDT ... View presentation. Sign up for emails.

  3. PDF Leading the world to 5G

    References in this presentation to "Qualcomm" may mean Qualcomm Incorporated, Qualcomm Technologies, Inc., and/or other subsidiaries or business units within the Qualcomm corporate structure, as applicable. Qualcomm Incorporated includes Qualcomm's licensing business, QTL, and the vast majority of its patent portfolio.

  4. Investor Day 2021

    Recap of the latest updates and business strategies from Qualcomm at Investor Day 2021. Get the information you need to make informed decisions from one of the world's leading technology innovators. ... Materials that are as of a specific date, including but not limited to press releases, presentations, blog posts and webcasts, may have been ...

  5. QUALCOMM (QCOM) Investor Presentation

    QUALCOMM (QCOM) Investor Presentation - Slideshow. Mar. 12, 2021 5:46 PM ET QUALCOMM Incorporated (QCOM) Stock 4 Comments 3 Likes. SA Transcripts. 147.37K Followers. Follow.

  6. Qualcomm : FY 2024 2nd Quarter Executive Presentation

    This presentation includes "Non-GAAP financial measures" as that term is defined in Regulation G. Further discussion regarding our use of Non-GAAP financial measures, as well as the most directly ... Qualcomm Incorporated includes QTL and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm ...

  7. Qualcomm : Earnings Presentation FY 2022

    Qualcomm : Earnings Presentation FY 2022. November 02, 2022 at 04:27 pm EDT. Fourth Quarter and Fiscal 2022 Earnings. November 2, 2022. Note Regarding Forward-Looking Statements. In addition to historical information, this document and the conference call that it accompanies contain forward-looking statements that are inherently subject to ...

  8. Qualcomm : FY 2023 4th Quarter Executive Presentation

    Qualcomm : FY 2023 4th Quarter Executive Presentation. November 01, 2023 at 04:06 pm EDT. Fourth Quarter and Fiscal 2023 Earnings. November 1, 2023. Note Regarding Forward-Looking Statements. In addition to historical information, this document and the conference call that it accompanies contain forward-looking statements that are inherently ...

  9. PDF Making AI Ubiquitous

    Making AI Ubiquitous - Mobile Technology | Qualcomm

  10. Qualcomm Stock: Smartphone AI Revolution (NASDAQ:QCOM)

    Qualcomm is slowly transitioning with a new focus, as highlighted in their recent keynote presentation, look promising. Cristiano Amon, Qualcomm's CEO, emphasized in the event: Cristiano Amon ...

  11. QUALCOMM Incorporated 2024 Q1

    Q1: 2024-01-31 Earnings Summary. EPS of $2.75 beats by $0.38 | Revenue of $9.92B (4.93% Y/Y) beats by $405.86M. The following slide deck was published by QUALCOMM Incorporated in conjunction with ...

  12. Qualcomm Research presentations channel

    Explore Qualcomm's views and vision on wireless network evolution, 5G, AI, mobile computing, and next-gen technologies. ... presentations qualcomm 5g qualcomm technologies lte advanced lte 4g snapdragon machine learning 3gpp artificial intelligence 3g 5g nr hspa+ presentation ai computer vision spectrum small cells semiconductor virtual reality ...

  13. Qualcomm Showcases Diversification, Growth And Resilience At ...

    The company's operating income climbed a whopping 98%, from $5.9B in 2020 to $11.8B in 2021. Of particular interest to Qualcomm's investors was, of course, the company's earnings per share ...

  14. Financial Information :: QUALCOMM Incorporated (QCOM)

    Non-GAAP EPS. For complete information regarding our financials, see our periodic filings. Non-GAAP Revenue and EPS are Non-GAAP measures. Please see the Company's Q2 2024 Earnings Release for a reconciliation to the most comparable GAAP measure.

  15. 3GPP Release 17: Qualcomm Presentation

    Please Login or Register for Free to access summary reports. 3GPP Release 17: Qualcomm Presentation. To bring new system capabilities and expand 5G to new devices, applications, and deployment. Completing the first phase of the 5G evolution. Rel-15 eMBB focus.

  16. Qualcomm

    September 17th: Day 1 - Keynote & Presentations 8:00am-4:00pm Location: Qualcomm - N Auditorium 5775 Morehouse Drive, San Diego, CA September 17th: 4:30pm-6:30pm: Networking Meetings & Reception Location: La Jolla Marriott 4240 La Jolla Drive, San Diego, CA September 18th: Day 2: 8:30am - 12:30pm Presentations & Meetings

  17. Why Shares of Qualcomm Soared Nearly 8% Higher Today

    The latest jump comes following Qualcomm's investor day presentation. Qualcomm's relationship with Apple (AAPL-1.04%) has been tenuous in recent years, and indications are that Apple might ...

  18. Investor Relations :: QUALCOMM Incorporated (QCOM)

    Qualcomm is a global leader in the development and commercialization of foundational technologies and products used in wireless products. ... View All Presentations. Latest Financial Results. For the Quarter Ending Mar 24, 2024. Q2 2024 Financial Results View Results. View 10-K Latest Annual Filing ...

  19. Qualcomm 5G Vision Presentation

    Qualcomm 5G Vision Presentation. Qualcomm's vision for 5G involves building upon the transformation started in 4G to meet significantly expanded connectivity needs. 5G will need to scale to connect virtually anything anywhere, provide new kinds of ultra-reliable control and discovery services, and enable new intelligent ways to connect and ...

  20. Automotive Investor Day 2022

    Qualcomm is a leading technology provider and preferred partner helping automakers redefine the driving experience worldwide. With our "One Technology Roadmap" and integrated platforms within the Snapdragon® Digital Chassis™, we are empowering automakers to reimagine next-generation, software-defined vehicles that are smarter, safer and more customizable over the lifetime of the vehicle.

  21. Qualcomm Earnings Release Available on Company's Investor Relations

    FY 2024 1st Quarter Earnings Presentation. PDF . Earnings Call Transcript. PDF ... Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, substantially all of our engineering and research ...

  22. The Real AI Revolution Will Be Invisible

    Qualcomm invited me to its headquarters in San Diego, California this week to show off its ongoing work on AI technology. You might not have heard of Qualcomm, but it's the company that builds the core chipsets for countless phones and tablets, from high-end devices like the Galaxy S24 Ultra to budget models like the Moto G 5G.

  23. 5G Wireless Technology

    The R&D engine fueling the 5G industry. At Qualcomm, we have been developing 5G for years — inventing new 5G technologies that are pushing, and often redefining, the boundaries of wireless. These system-level inventions are driving the global 5G standard through our fundamental contributions to 3GPP. And we are collaborating with the mobile ...

  24. Amazon.com: Microsoft Surface Pro 2-in-1 Laptop/Tablet (2024), Windows

    Amazon.com: Microsoft Surface Pro 2-in-1 Laptop/Tablet (2024), Windows 11 Copilot+ PC, 13" Touchscreen Display, Snapdragon X Plus (10 Core), 16GB RAM, 256GB Storage, Platinum

  25. Events Disclaimer :: QUALCOMM Incorporated (QCOM)

    Disclaimer and Cautionary Note Regarding Forward-Looking Statements. You are about to review presentations, webcasts, filings and other materials of Qualcomm Incorporated or its subsidiaries. We believe the information contained therein is accurate as of the date of such materials. However, that information may be updated, amended, supplemented ...

  26. AWE 2024: Creating the immersive future

    Qualcomm Technologies' Snapdragon Spaces XR platform enables intelligent computing, seamless multi-device experiences and generative AI. ... Materials that are as of a specific date, including but not limited to press releases, presentations, blog posts and webcasts, may have been superseded by subsequent events or disclosures. ...

  27. PDF Corporate 16x9 External Template

    References in this presentation to "Qualcomm" may mean Qualcomm Incorporated, Qualcomm Technologies, Inc., and/or other subsidiaries or business units within the Qualcomm corporate structure, as applicable. Qualcomm Incorporated includes Qualcomm's licensing business, QTL, and the vast majority of its patent portfolio. Qualcomm