The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict QUALCOMM's revenues will expand 22.9% and EPS will grow 14.9%.
The average estimate for revenue is $6.07 billion. On the bottom line, the average EPS estimate is $1.16.
Last quarter, QUALCOMM tallied revenue of $6.02 billion. GAAP reported sales were 29% higher than the prior-year quarter's $4.68 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.26. GAAP EPS of $1.09 for Q1 were 35% higher than the prior-year quarter's $0.81 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 62.8%, 30 basis points better than the prior-year quarter. Operating margin was 34.7%, 160 basis points better than the prior-year quarter. Net margin was 31.7%, 180 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $24.07 billion. The average EPS estimate is $4.53.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,571 members out of 2,712 rating the stock outperform, and 141 members rating it underperform. Among 525 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 502 give QUALCOMM a green thumbs-up, and 23 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on QUALCOMM is outperform, with an average price target of $73.01.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool owns shares of Qualcomm. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.