Qualcomm’s Q2 FY2024 results continue the recovery narrative with $9.4 billion in revenue, up 9% year-over-year. Handsets are back, automotive is accelerating, and the PC segment is now a measurable contributor as Snapdragon X Elite devices begin shipping ahead of the June Copilot+ launch.
Cristiano Amon: “I am very pleased with our execution this quarter. Our Snapdragon 8 Gen 3 is the platform of choice for premium Android devices and our Snapdragon X series has excellent momentum ahead of the new wave of Copilot+ PCs.” The Snapdragon X Elite is already appearing in enterprise previews from Dell, HP, Lenovo, Samsung, Microsoft, and ASUS. The Copilot+ PC launch is expected to be one of the most significant PC platform events since the original Windows introduction of the Intel Core architecture.
Automotive design wins now total $45 billion, a staggering pipeline that represents years of future revenue. Amon noted that several major EV manufacturers are now shipping vehicles with Snapdragon Cockpit platforms as the primary infotainment and driver assistance system.
Source: Qualcomm Investor Relations