Qualcomm FQ1 results mixed, co's FQ2 2023 guidance in-line with estimates
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Qualcomm (NASDAQ:QCOM): FQ1 Non-GAAP EPS of $2.37  beats by $0.02.
Revenue of $9.46B (-11.6% Y/Y)  misses by $110M.
QCT revenue of $7.89B (-11% Y/Y).
QTL revenue of $1.52B (-16% Y/Y).
QCT handsets revenue of $5.75B (-18% Y/Y).
QCT automotive revenue of $456M (+58% Y/Y).
QCT IoT revenue of $1.68B (+7% Y/Y).


Guidance:
Sees FQ2 revenue of $8.7B to $9.5B. The consensus revenue estimate is $9.41B.
Sees FQ2 QCT revenue of $7.4B to $8B.
Sees FQ2 QTL revenue of $1.25B to $1.45B.
Sees FQ2 GAAP EPS of $1.53 to $1.73.
Sees FQ2 adj. EPS of $2.05 to $2.25. The consensus EPS estimate is $2.24.
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