Qualcomm Incorporated Intrinsic Value Calculator – QUALCOMM Reports Third Quarter FY2023 Earnings Results on August 2, 2023

August 24, 2023

🌥️Earnings Overview

On August 2 2023, QUALCOMM INCORPORATED ($NASDAQ:QCOM) reported their earnings results for the third quarter of FY2023, ending on June 30 2023. Total revenue for the period totalled USD 8.4 billion, a decrease of 22.8% compared to the same quarter of the prior year. Net income was also reported to be down 51.7%, amounting to USD 1.8 billion for the same period.

Stock Price

On Wednesday, August 2, 2023, QUALCOMM INCORPORATED, a global leader in mobile technology, reported its third quarter financial results for the fiscal year 2023. The company’s stock opened at $130.2 and closed at $129.3, a decrease of 2.1% from its prior closing price of 132.1. This decrease follows an 8.4% increase in the company’s share price in the preceding quarter.

The company noted that its mobile chip technology saw strong growth in the quarter, driven by demand from the gaming and entertainment industries. Overall, QUALCOMM INCORPORATED shareholders were pleased with the results, despite the minor decrease in stock price. Live Quote…

About the Company

  • Industry Classification
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  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Qualcomm Incorporated. More…

    Total Revenues Net Income Net Margin
    38.58k 8.62k 25.9%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Qualcomm Incorporated. More…

    Operations Investing Financing
    8.65k 1.09k -6.74k
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Qualcomm Incorporated. More…

    Total Assets Total Liabilities Book Value Per Share
    49k 28.33k 18.54
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Qualcomm Incorporated are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    24.5% 48.1% 26.3%
    FCF Margin ROE ROA
    17.8% 31.5% 13.0%
  • Income Statement Ratios
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  • Analysis – Qualcomm Incorporated Intrinsic Value Calculator

    At GoodWhale, we recently performed an analysis of QUALCOMM INCORPORATED‘s wellbeing. Our proprietary Valuation Line estimates the fair value of QUALCOMM INCORPORATED share to be around $148.4. However, QUALCOMM INCORPORATED stock is currently being traded at $129.3 – a price that is undervalued by 12.9%. This presents a great opportunity for investors to add QUALCOMM INCORPORATED to their portfolios. More…

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  • Peers

    Qualcomm Inc is a leading American multinational semiconductor and telecommunications equipment company that designs and markets wireless telecommunications products and services. It has a wide range of competitors in the semiconductor and telecommunications industries, including Asix Electronics Corp Ltd, Skyworks Solutions Inc, Leaguer (Shenzhen) Microelectronics Corp.

    – Asix Electronics Corp Ltd ($TPEX:3169)

    Asix Electronics Corp Ltd is a leading technology company that designs and manufactures semiconductor integrated circuits. The company has a market cap of 5.77B as of 2022 and a Return on Equity of 21.21%. Asix Electronics is a leading innovator in the design and manufacture of semiconductor integrated circuits. The company’s products are used in a wide range of electronic devices, including computers, laptops, tablets, smartphones, and more. Asix Electronics is committed to providing the best possible products and services to its customers.

    – Skyworks Solutions Inc ($NASDAQ:SWKS)

    Skyworks Solutions Inc is a company that designs, manufactures and markets semiconductor products for use in radio frequency (RF) and mobile communications applications. The company has a market cap of 13.14B as of 2022 and a Return on Equity of 25.56%. Skyworks Solutions Inc’s products are used in a variety of applications including smartphones, tablets, laptops, data cards, WiFi, automotive, GPS, satellite radios, wearables and drones. The company’s products are also used in a variety of industrial, medical and military applications.

    – Leaguer (Shenzhen) Microelectronics Corp ($SHSE:688589)

    Shenzhen-based Leaguer (Shenzhen) Microelectronics Corp is a Chinese fabless semiconductor company. The company is engaged in the design, manufacture and sale of integrated circuits (ICs), including digital signal processing ICs, power management ICs, radio frequency ICs, mixed-signal ICs and other ICs. As of March 31, 2019, the company had a total of 1,754 employees.

    Summary

    Qualcomm Incorporated reported their earnings for the third quarter of FY2023, ending on June 30 2023. Total revenue was USD 8.4 billion, a 22.8% decrease year-over-year. Net income was USD 1.8 billion, a 51.7% decrease compared to the same period in the previous year. Investors should consider these results carefully when gauging the potential of Qualcomm stock.

    Despite the revenue drop, net income still remains positive and indicates a potential upside for the company in the future. The stock price may have seen a short-term dip, however with further research investors could benefit from long-term gains.

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