Will Qualcomm's new deals, launches and improving smartphone demand boost FQ1 Earnings?
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Qualcomm (NASDAQ:QCOM) is scheduled to announce FQ1 earnings results on Wednesday, February 2nd, after market close.
The consensus EPS Estimate is $3.00 (+38.2% Y/Y) and the consensus Revenue Estimate is $10.43B (+26.6% Y/Y).
Over the last 2 years, QCOM has beaten EPS estimates 100% of the time and has beaten revenue estimates 88% of the time.

Over the last 3 months, EPS estimates have seen 22 upward revisions and 0 downward. Revenue estimates have seen 17 upward revisions and 0 downward.
During the quarter, Qualcomm launched its latest 5G mobile platform - Snapdragon 8 Gen 1; also launched the Snapdragon G3x Gen 1 Gaming Platform for gamers to enjoy their favorite games on the go.
The quarter highlighted the BMW agreement for bringing the latest advancements in driver assistance technologies and products of its Snapdragon Ride Platform.
Qualcomm CEO recently said that the growth of digital components within vehicles has tightened the relationship between automakers and computer chip providers, a trend that will benefit QCOM over the long term.
In early January, Qualcomm and Microsoft introduced customized Snapdragon augmented reality chips, powering future AR glasses within Microsoftâs ecosystems.
With a Buy rating, SA Contributor Sandis Weil recently wrote, "Qualcomm: Ready For SaaS Proliferation"

"We see an improvement in smartphone demand in 2021 after declining 5% in 2020 due to Covid-19. We also see 5G adding greater dollar content and supporting industry-wide handset volume growth. Qualcomm leadership in cellular technologies (3G/4G/5G) puts the company in a favorable position to maintain leading market share," said Joseph Moore, equity analyst at Morgan Stanley, as cited by FX Empire.
In past 6-months trading, the stock has gained 17.3% and it is trading closer to its 52-week high levels.

SA Author's and Wall Street Analysts rating stands at Buy; Quant rating stands at Strong Buy. Factor Grades for Quant rating are below: