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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 174.76+0.3%3:59 PM EST
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To: Close to Retirement who wrote (195154)8/8/2025 11:56:56 AM
From: Jim Mullens1 Recommendation

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vkvraju5

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Close, Re: QCOM revenue growth ................................................................................

I started with 2022 because it is Qcom's previous high for revenue. It's important to assess when Qcom will surpass this bench mark. If 2025 was part of the Gemini query, the 3 year CAGR would be effectively zero.

Gemini assist >>>>>>>>>>>>>>>

1) I think you’ll find F22 was an anomaly/ outlier.

FY21-FY22: Demand Surge and Inventory Build

This period was defined by explosive growth, with revenue climbing to $33.57 billion in FY21 and peaking at $44.20 billion in FY22.

  • FY21 was characterized by a powerful 5G upgrade cycle, which created unprecedented demand for Qualcomm's chips. Manufacturers were focused on meeting this demand, as supply chain issues had not yet become a primary concern.
  • In FY22, the strong demand continued, but now with the added pressure of intensifying supply chain risks. This led manufacturers to aggressively build up inventory of Qualcomm's components to secure supply and prevent future shortages. While Qualcomm's IoT and automotive segments were expanding rapidly, the handset business remained the dominant driver of the company's revenue growth during this time.


FY23: Market Correction and Inventory Drawdown

In FY23, revenue fell significantly to $35.82 billion. This was a direct result of the inventory dynamics from the previous year. As the global handset market weakened and demand cooled, manufacturers began to draw down their excess chip inventory built in FY22. This meant they placed fewer new orders with Qualcomm, leading to the substantial revenue decline for the fiscal year.
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