Qualcomm announces double-digit revenue gains as AI drives sales

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What you need to know

  • Qualcomm reported its FY Q4 financial earnings on Wednesday, November 5.
  • The company reported a 10% increase in revenue to $10.27 billion during the quarter, while overall revenue for the year grew by 13% to $44.14 billion.
  • Headset sales drove revenue following the launch of the Snapdragon 8 Elite chipset, with Automotive seeing the most significant revenue gains in the division.

Qualcomm finished its financial year on a high note, reporting FY Q4 revenue of $11.3 billion, representing a 10% year-over-year increase. This was driven largely by its QCT division, which saw revenue gains across the board.

Headsets were up 14% to nearly $7 billion, driven no doubt by sales of its Snapdragon 8 Elite chipsets for high-end Android smartphones. Additionally, Automotive and IoT rose 17% and 7%, respectively, highlighting the growing success of the company’s diversified strategy.



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