QUALCOMM Retained Earnings Jump to $449M in Q1 2024

Ticker: QCOM · Form: 10-Q · Filed: 2024-01-31T00:00:00.000Z

Sentiment: bullish

Topics: earnings, financial-health, 10-Q, profitability

TL;DR

**QCOM's retained earnings are up, signaling strong financial health.**

AI Summary

QUALCOMM INC/DE (QCOM) filed its 10-Q for the quarter ended December 24, 2023, showing a significant increase in retained earnings from $345 million on September 24, 2023, to $449 million on December 24, 2023. This growth in retained earnings, a key indicator of profitability and financial health, suggests the company is effectively managing its profits and reinvesting them or holding them for future use. For investors, this positive trend in retained earnings indicates a financially stable company with potential for future growth and shareholder returns, making QCOM a potentially more attractive investment.

Why It Matters

Increased retained earnings signal strong profitability and financial stability, which can lead to higher stock valuations and potential for future dividends or share buybacks.

Risk Assessment

Risk Level: low — The filing indicates positive financial health with increased retained earnings, suggesting lower immediate financial risk.

Analyst Insight

Investors should view the significant increase in retained earnings as a positive indicator of QUALCOMM's financial health and operational efficiency, potentially signaling a good long-term investment opportunity. Further investigation into the drivers of this increase would be prudent.

Key Numbers

$449M — Retained Earnings (Represents the company's accumulated profits as of December 24, 2023, indicating strong financial health.)
$345M — Prior Retained Earnings (Represents the company's accumulated profits as of September 24, 2023, showing a significant increase over the quarter.)

Key Players & Entities

QUALCOMM INC/DE (company) — the company filing the 10-Q
$345 million (dollar_amount) — retained earnings as of September 24, 2023
$449 million (dollar_amount) — retained earnings as of December 24, 2023
December 24, 2023 (date) — end of the reporting period for the 10-Q
September 24, 2023 (date) — previous reporting period for retained earnings

Forward-Looking Statements

QUALCOMM's strong retained earnings growth will likely lead to increased investor confidence. (QUALCOMM INC/DE) — medium confidence, target: 2024-06-30
The company may consider increasing shareholder returns (dividends/buybacks) in the next fiscal year due to improved profitability. (QUALCOMM INC/DE) — medium confidence, target: 2024-09-29

FAQ

What was QUALCOMM INC/DE's retained earnings balance at the end of the reporting period?

QUALCOMM INC/DE's retained earnings balance was $449 million as of December 24, 2023.

How did QUALCOMM INC/DE's retained earnings change from the previous fiscal year-end to the current reporting period?

QUALCOMM INC/DE's retained earnings increased from $345 million as of September 24, 2023, to $449 million as of December 24, 2023.

What is the filing date of this 10-Q for QUALCOMM INC/DE?

The filing date for this 10-Q by QUALCOMM INC/DE is January 31, 2024.

What was the CONFORMED PERIOD OF REPORT for this 10-Q filing?

The CONFORMED PERIOD OF REPORT for this 10-Q filing was 20231224 (December 24, 2023).

What is the Central Index Key (CIK) for QUALCOMM INC/DE?

The Central Index Key (CIK) for QUALCOMM INC/DE is 0000804328.

From the Filing

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