Qualcomm Q2 FY9/24 Earnings Review
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Nearly At All Time Highs, Still Cheap On Fundamentals
by Alex King
Summary:
- Qualcomm delivered a quarter brought to you by the letters C, A, S, and H. Flow, that is. Lots of it.
- Revenue performance is improving on a TTM basis and the guide for next quarter is for a meaningful +9% vs. the same quarter last year.
- Cashflow margins of +43% on a TTM basis mean that the stock is trading at just 13x TTM cashflow - that's attractive on fundamentals.
- Read on for our rating and price targets.
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