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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting

QCOM 180.90

+2.1%

Oct 31 9:30 AM EDT

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To: freefromwires who wrote (196315)	10/30/2025 10:52:05 AM
From: QCOM_HYPE_TRAIN	17 Recommendations Read Replies (3) of 196393

As much as I detest Cramer he is somewhat right. All we have to do is go back and look at the I nvestor day 2021 targets that were set to find out that QC missed on the main areas of revenue Qualcomm provided new three-year financial targets, including: QCT revenues to grow at mid-teens CAGR with 30%+ operating margin by fiscal 2024 Handset and RF front-end revenues grow at least in-line with a 12% SAM CAGR by fiscal 2024 Automotive revenues grow to ~$3.5 billion in five years and ~$8 billion in 10 years IoT revenues grow up to $9 billion in fiscal 2024 QTL expected to maintain its current revenue scale and margin profile Assuming I read the financial reports correctly here is what I get IoT Revenues Target: Grow up to $9 billion in fiscal 2024. Actual (FY2024): $5.4 billion QCT Revenues and Margin Target: QCT revenues to grow at mid-teens CAGR with a 30%+ operating margin by fiscal 2024. Actual (FY2024): CAGR: ~7.1% (from $27.0B in FY21 to $33.2B in FY24). Margin: 29% (EBT as % of revenues). QTL and Auto did as projected RFEE In 2023 they stopped reporting RFEE but lumped it in with Mobile/IoT/Auto I assume they did this because it wasn't growing like they had hoped Anyway, this is a long-winded way of saying it makes sense for the street to ignore what QC says. Although with the DC market expansion it does lend credibility to the diversification plans, other diversification hasn't met the revenue expectations.

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