Slide 1: Third Quarter Fiscal 2024 Earnings
Third Quarter Fiscal 2024 Earnings July 31, 2024
Slide 2: Note Regarding Forward-Looking Statements
Note Regarding Forward-Looking Statements In addition to historical information, this document and the conference call that it accompanies contain forward-looking statements that are inherently subject to risks and uncertainties, including but not limited to statements regarding: our growth and dive
Slide 3: Q3FY24 Highlights
Q3FY24 Highlights Sat BZ ~ Yjy NS
Slide 4: Third Quarter Fiscal 2024 Results
Third Quarter Fiscal 2024 Results (1) (2) Revenues GAAP EPS Non-GAAP EPS $9.4B $1.88 $2.33 QCT QTL Other Revenues of EBT(4) of Revenues of Returned Announcing our upcoming $8.1B $2.2B $1.3B $2.3B 2024 at high end of with EBT within guidance guidance range(3) margin of range to stockholders including
Slide 5: Q3FY24 QCT Highlights
Revenues Q3FY24 Handsets • At our upcoming Snapdragon Summit in October, we will reveal details of our QCT Highlights next-generation Snapdragon 8 flagship mobile platform, the first to be powered by $5.9B our custom Qualcomm Oryon CPU. Combined with new and unparalleled NPU AI capabilities, it is a
Slide 6: Financial Results and Guidance
Financial Results and Guidance As of July 31, 2024 Quarterly Results and Guidance Q3FY24 Guidance(1) Q3FY24 Results Q4FY24 Guidance(2) Revenues $8.8B - $9.6B $9.4B $9.5B - $10.3B Non-GAAP diluted EPS $2.15 - $2.35 $2.33 $2.45 - $2.65 (3) Non-GAAP operating expenses ~$2.2B $2.25B ~$2.2B GAAP interest
Slide 7: Q3FY24 Non-GAAP Results
Q3FY24 Revenues EBT EPS Non-GAAP Results +11% +25% +25% $9.4B $8.4B $3.0B $2.4B $2.33 $1.87 Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 7
Slide 8: Q3FY24 Segment Results
Q3FY24 QCT QTL Segment Revenues EBT Revenues EBT Results +12% +25% +3% +10% $8.1B $7.2B $1.2B $1.3B $811M $894M $2.2B $1.7B Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 8
Slide 9: Q3FY24 QCT Revenue Streams
Q3FY24 QCT Revenue Handsets Automotive IoT Streams +12% +87% -8% $5.9B $5.3B $1.5B $1.4B $811M $434M Q3FY23 Q3FY24 Q3FY23 Q3FY24 Q3FY23 Q3FY24 9
Slide 10: Snapdragon X Series Launch
Snapdragon® X Series Launch Ushering in a new era for PCs
Slide 11: Snapdragon X Series exclusively power Microsoft Copilot+ PCs
Snapdragon® X Series exclusively power Microsoft Copilot+ PCs Restoring performance leadership to Windows PCs Generative AI powerhouse Industry-leading performance Smarter user experiences 45 TOPS Delivers exceptional energy savings Lightning-fast 5G | Wi-Fi 7 & up to multiple days of battery life I
Slide 12: Snapdragon X Elite and X Plus powering new Copilot+ PC devices
Snapdragon® X Elite and Snapdragon® X Plus are powering the launch of a new category of devices delivering Microsoft Copilot+ PC experiences Acer Swift 14 AI Asus Vivobook S 15 Dell Latitude 7455 Dell XPS 13 HP EliteBook Ultra HP OmniBook X Lenovo ThinkPad T14S Lenovo Yoga Microsoft Surface Microsof
Slide 13: Leaders from the global PC ecosystem
Leaders from the global PC ecosystem Computex 2024 Left to right: Enrique Lores, President & CEO, HP Inc.; S.Y. Hsu, Co-CEO, Asus; Luca Rossi, President of Intelligent Devices Group, Lenovo; Cristiano Amon, President & CEO, Qualcomm Inc.; Pavan Davuluri CVP, Windows + Devices, Microsoft; Sam Burd, P
Slide 14: Snapdragon X Elite
Snapdragon X Elite Best-in-class performance vs. x86 4nm Up to Up to process node PERFORMANCE 2X 2X Qualcomm® 135GB/s Qualcomm Oryon CPU REBORN 12 high-performance cores Adreno GPU 4.6 teraflops Dual-Core Boost faster CPU faster GPU Triple UHD memory bandwidth monitor support LPDDR5x Generative AI p
Slide 15: Snapdragon X Plus
Snapdragon X Plus Built for AI Always-Sensing ISP Generative AI Integrated powerhouse 45 TOPS Qualcomm® Hexagon NPU Micro NPU on Qualcomm Sensing Hub Smarter user experiences Lightning-fast 5G | Wi-Fi 7 Immersive lossless audio Advanced camera ISP 4nm process node Support for 3 external displays all
Slide 16: Key Announcements
Key Announcements
Slide 17: QCT Handsets: Snapdragon 8 Gen 3 for Galaxy
Key Announcement QCT Handsets: The Most Advanced Snapdragon Mobile Platform, Snapdragon® 8 Gen 3 for Galaxy, Powers the New Samsung Galaxy Z Series Globally – link + “Our strategic partnership with Samsung has never been stronger. For more than two decades of collaboration, we have continuously rede
Slide 18: QCT Industrial IoT: Qualcomm and Aramco
Key Announcement QCT Industrial IoT: Qualcomm and Aramco Target Digital Transformation – link “Through our collaboration with Aramco, we aim to develop advanced end-to-end IoT solutions that address the unique needs of the Kingdom of Saudi Arabia and pave the way to showcase what state-of-the-art an
Slide 19: QCT AI Leadership: Qualcomm AI Hub
Key Announcement QCT AI Leadership: Qualcomm® AI Hub Expands to On-Device AI Apps for Snapdragon-Powered PCs – link Qualcomm AI Hub for Snapdragon X Series Platforms “With support for Snapdragon® X Series Platforms in the Qualcomm AI Hub, we are providing developers with the 100+ pre-optimized AI mo
Slide 20: QCT Handsets: Snapdragon 4s Gen 2
Key Announcement QCT Handsets: Qualcomm Unveils the Snapdragon® 4s Gen 2 Mobile Platform, Making 5G Accessible to Billions of Smartphone Users Worldwide – link “The Snapdragon 4s Gen 2 Mobile Platform is a significant leap forward in making 5G technology more accessible, so more people can navigate
Slide 21: Key Announcements
• Qualcomm and Aramco Target Digital Transformation – link • Snapdragon X Series is the Exclusive Platform to Power the Next Generation of Windows PCs with Copilot+ Today – link • Qualcomm Accelerates Development for Copilot+ PCs with Snapdragon Dev Kit for Windows – link • Qualcomm AI Hub Expands t
Slide 22: Reconciliations
Reconciliations ii! lI My, << Qe Z; NS Le4y»“
Slide 23: Note Regarding Use of Non-GAAP Financial Measures
Note Regarding Use of Non-GAAP Financial Measures The Non-GAAP financial measures presented herein should be considered in addition to, not as a substitute for or superior to, financial measures calculated in accordance with GAAP. In addition, “Non- GAAP” is not a term defined by GAAP, and as a resu
Slide 24: Reconciliations of GAAP to Non-GAAP Financial Measures
Reconciliations of GAAP to Non-GAAP Financial Measures Third Quarter Fiscal 2024 Results Less Share- GAAP Based Less Other Non-GAAP (in millions, except per share data) Results Less QSI Compensation Items(1) Results Revenues $9,393 $2 $— $— $9,391 EBT $2,279 $14 ($644) ($125) $3,034 Net income (loss
Slide 25: Business Outlook Additional EPS Guidance
Business Outlook Q3FY24 Q4FY24 Guidance(1) Guidance(2) Revenues $8.8B - $9.6B $9.5B - $10.3B GAAP diluted EPS $1.74 - $1.94 $2.38 - $2.58 Less diluted EPS attributable to QSI $— $— Less diluted EPS attributable to share-based compensation ($0.45) ($0.44) Less diluted EPS attributable to other items(
Slide 26: Operating Expenses and Effective Tax Rates
Operating Expenses (in millions) Q3FY24 Results Q3FY24 Guidance(1) Q4FY24 Guidance(2) GAAP combined R&D and SG&A expenses $2,923 ~$2,850 ~$2,850 Less QSI 3 N/P N/P Less share-based compensation 623 N/P N/P Less other items(3) 45 N/P N/P Non-GAAP operating expenses (Non-GAAP combined R&D and SG&A exp