Technology

Qualcomm Q1 Earnings Preview: Analysts Focus On Automotive Growth, AI, Stock Valuation

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Qualcomm Inc (NASDAQ:QCOM), will be reporting its first-quarter earnings on Jan. 31. Wall Street expects $2.37 in EPS and $9.51 billion in revenues as the company reports after market hours. The San Diego-based company is poised to benefit significantly from the ongoing AI revolution and the resulting secular tailwinds. The convergence of AI technologies and mobile devices is expected to drive an upgrade cycle, and Qualcomm is well-positioned to capitalize on this trend. Qualcomm’s growth prospects extend beyond mobile devices, with substantial opportunities in the PC, automotive, and Internet of Things (IoT) sectors. Qualcomm’s reasonable valuation, coupled with its strong performance and competitive product releases, reinforces its position as a long-term buy. Here’s what analysts will be focusing on, and how the stock currently maps against Wall Street estimates. Qualcomm Investment Thesis The last fiscal quarter indicates positive momentum for Qualcomm’s business, with a notable increase in non-GAAP EPS and robust […]

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Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings

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Microchip Technology (NASDAQ:MCHP) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 16.8% Rosenblatt → $100 Reiterates Buy → Buy 01/18/2024 22.63% Wolfe Research → $105 Upgrades Peer Perform → Outperform 01/09/2024 8.62% Truist Securities $97 → $93 Maintains Buy 01/09/2024 12.12% Stifel $100 → $96 Maintains Buy 01/04/2024 -6.56% Piper Sandler → $80 Downgrades Overweight → Neutral 11/08/2023 16.8% Citigroup → $100 Upgrades Neutral → Buy 11/03/2023 -6.56% Piper Sandler $100 → $80 Maintains Overweight 11/03/2023 5.12% Susquehanna $95 → $90 Maintains Positive 11/03/2023 5.12% Morgan Stanley $96 → $90 Maintains Overweight 11/03/2023 5.12% Keybanc $95 → $90 Maintains Overweight 11/03/2023 -0.72% Needham $100 → $85 Maintains Buy 10/24/2023 10.96% Susquehanna $100 → $95 Maintains Positive 10/11/2023 12.12% Morgan Stanley $101 → $96 Maintains Overweight 08/07/2023 16.8% Needham → $100 Reiterates Buy → Buy 08/04/2023 17.96% Morgan Stanley $97 → $101

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Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings

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Advanced Micro Devices (NASDAQ:AMD) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 15.77% Rosenblatt → $200 Reiterates Buy → Buy 01/30/2024 12.87% Raymond James $190 → $195 Downgrades Strong Buy → Outperform 01/29/2024 9.98% Cantor Fitzgerald → $190 Reiterates Overweight → Overweight 01/29/2024 11.72% Morgan Stanley $128 → $193 Maintains Overweight 01/29/2024 12.87% B of A Securities $165 → $195 Maintains Buy 01/29/2024 21.56% Susquehanna $170 → $210 Maintains Positive 01/25/2024 27.34% UBS $135 → $220 Maintains Buy 01/24/2024 24.45% New Street Research → $215 Upgrades Neutral → Buy 01/23/2024 9.98% Cantor Fitzgerald → $190 Initiates Coverage On → Overweight 01/22/2024 — Northland Capital Markets Downgrades Outperform → Market Perform 01/19/2024 9.98% Raymond James $140 → $190 Maintains Strong Buy 01/16/2024 15.77% Barclays $120 → $200 Maintains Overweight 01/16/2024 12.87% Keybanc $170 → $195 Maintains Overweight 01/08/2024 8.82% Melius Research →

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Skyworks Solutions, Reports Q1 FY24 Results

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Skyworks Reports Q1 FY24 Results — Delivers Revenue of $1.202 Billion — Posts GAAP Diluted EPS of $1.44 and Non-GAAP Diluted EPS of $1.97 — Generates Record Operating Cash Flow of $775 Million and Record Free Cash Flow of $753 Million IRVINE, Calif.–(BUSINESS WIRE)–January 30, 2024– Skyworks Solutions, Inc. (Nasdaq: SWKS), an innovator of high-performance analog and mixed-signal semiconductors connecting people, places and things, today reported first fiscal quarter results for the period ended Dec. 29, 2023. Revenue for the first fiscal quarter of 2024 was $1.202 billion. On a GAAP basis, operating income for the first fiscal quarter was $258.3 million with diluted earnings per share of $1.44. On a non-GAAP basis, operating income was $365.7 million with non-GAAP diluted earnings per share of $1.97. “Skyworks continues to execute well and generate robust profitability in light of ongoing macroeconomic volatility,” said Liam K. Griffin, chairman, chief executive officer and

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Alphabet Q4 Search & Other Revenue at $48 Billion Vs Visible Alpha Analyst Consensus of $48 Billion; YouTube Ads at $9.2 Billion Vs Consensus of $9.17 Billion

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Alphabet Q4 Search & Other Revenue at $48 Billion Vs Visible Alpha Analyst Consensus of $48 Billion; YouTube Ads at $9.2 Billion Vs Consensus of $9.17 Billion。

Alphabet Q4 Search & Other Revenue at $48 Billion Vs Visible Alpha Analyst Consensus of $48 Billion; YouTube Ads at $9.2 Billion Vs Consensus of $9.17 Billion Read Post »

Microsoft Earnings Beat Across the Board as Cloud, AI Drive Momentum

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By Emily Bary CEO says AI is helping the company win new customers Microsoft Corp. posted beats across the board with its latest results Tuesday afternoon, calling out momentum in the cloud and traction with artificial intelligence. Microsoft’s (MSFT) Azure and other cloud-services businesses posted revenue growth of 28% on a constant-currency basis in the fiscal second quarter. Analysts expected Azure constant-currency revenue growth of 27% for the period. Overall, Microsoft recorded $62.0 billion in revenue for its latest quarter, up from $52.7 billion a year earlier. Analysts were modeling $61.1 billion. “By infusing AI across every layer of our tech stack, we’re winning new customers and helping drive new benefits and productivity gains across every sector,” Chief Executive Satya Nadella said in a release. The company generated $19.2 billion in revenue from its productivity and business-processes segment, which houses Office. Analysts were modeling $18.6 billion. Intelligent cloud revenue was

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AMD Reports Fourth Quarter and Full Year 2023 Financial Results

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AMD Reports Fourth Quarter and Full Year 2023 Financial Results SANTA CLARA, Calif., Jan. 30, 2024 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) today announced revenue for the fourth quarter of 2023 of $6.2 billion, gross margin of 47%, operating income of $342 million, net income of $667 million and diluted earnings per share of $0.41. On a non-GAAP((*) basis, gross margin was 51%, operating income was $1.4 billion, net income was $1.2 billion and diluted earnings per share was $0.77. For the full year 2023, the company reported revenue of $22.7 billion, gross margin of 46%, operating income of $401 million, net income of $854 million and diluted earnings per share of $0.53. On a non-GAAP((*) basis, gross margin was 50%, operating income was $4.9 billion, net income was $4.3 billion and diluted earnings per share was $2.65. “We finished 2023 strong, with sequential and year-over-year revenue and earnings growth driven

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