CLAIM #51443 · Qualcomm Incorporated (QCOM) · 2024Q2 earnings call · May 1, 2024 · due Sep 30, 2025
“As those devices started ramp up in volume. And since a lot of them are going to be back to school, it's going to be more of a fiscal '25 event in terms of being material within the IoT segment.”
Cristiano Amon · CEO
In context
“s in industrial and WiFi 7 that will drive growth into this IoT segment as well. Operator: Our next question comes from Stacy Rasgon with Bernstein Research. Stacy Rasgon: For my first question, just on the PC outlook, it does sound like devices are going to be available for purchase in the back half. So like how much PC is actually in the Q3 outlook? And what should we expect for the PC in the numbers like into the second half and beyond, like when does PC actually get big enough for us to see it? Cristiano Amon: Stacy, thanks for the question. We have a lot of product momentum right now and especially with all the launches, I would encourage everybody to go watch the Microsoft Build event, especially or what is happening with on device AI. There's a lot of product momentum and launches. As those devices started ramp up in volume. And since a lot of them are going to be back to school, it's going to be more of a fiscal '25 event in terms of being material within the IoT segment. Anything you'd like to add, Akash? Akash Palkhiwala: Just maybe in our June quarter guidance, there isn't material PC volume forecasted in our numbers. Cristiano Amon: One thing we're going to do -- sorry, just real quick. One thing we're going to do, like we provide an update on auto this quarter. We're going to provide a more detailed update next quarter on PC, especially as we're going to have those devices are launched. Stacy Rasgon: Got it. That's very helpful. For my follow-up, I wanted to ask about Huawei revenues. So in the Q, it says that you're not expecting any further product revenue from Huawei beyond the end of the calendar year. So I know it's only low end 4G that's left, but like how big is that now in the numbers in the end? How much of that will be going away into the ca”
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SEC filings for QCOM ↗ · Claim quote is verbatim from the 2024Q2 earnings call.