Qualcomm Inc

QCOM: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$823.00	Kqwbkg	Crbcymgf

Qualcomm Earnings: Strong Near-Term Results With Impressive Auto Revenue; Maintaining $180 FVE

Brian Colello

Aug 1, 2024

Narrow-moat Qualcomm reported strong fiscal third-quarter results and provided investors with a healthy forecast for the September quarter as the smartphone industry (particularly Android-based handsets) continues to recover. We maintained our $180 fair value estimate and view shares as fairly valued.

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