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Qualcomm Long

by SignalFactory   ·  February 2, 2022 | 11:22:40 UTC  

Qualcomm Long

by SignalFactory   ·  February 2, 2022 | 11:22:40 UTC  

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).

Qualcomm is likely to have recorded strong demand in emerging product categories such as XR and wearables along with 4G and 5G mobile broadband devices and rapid adoption of Wi-Fi 6. During the quarter, Qualcomm launched its latest 5G mobile platform — Snapdragon 8 Gen 1. Featuring advanced 5G, AI, gaming, camera, and Wi-Fi and Bluetooth technologies, the Snapdragon 8 is likely to transform the next generation of flagship mobile devices. The new mobile platform brings unparalleled connectivity, photography, AI, gaming, sound, and security experiences to a smartphone. With more than 50 Snapdragon Elite Gaming features, Snapdragon 8 delivers ultra-smooth responsiveness and HDR scenes.

It also unveiled the Snapdragon G3x Gen 1 Gaming Platform for gamers to enjoy their favorite games on the go. The platform combines all the Snapdragon Elite Gaming Technologies to create a new category of gaming devices. It brings superior performance to run all Android games, play content from cloud gaming libraries, and stream games from a home console or PC. It features the Qualcomm Adreno GPU to run games at an ultra-smooth 144 frames per second. Qualcomm FastConnect 6900 Mobile Connectivity with Wi-Fi 6 and 6E offers fast upload and download speeds. Such innovative products are likely to have translated into higher revenues in the quarter.

In the fiscal first quarter, Qualcomm inked an agreement with BMW Group to bring the latest advancements in driver assistance technologies and products of its Snapdragon Ride Platform to its next generation of Advanced Driver Assistance Systems (ADAS) and automated driving (AD) platforms. BMW’s next-generation AD stack will be based on the Snapdragon Ride vision system-on-chip, vision perception and ADAS central compute SoC controllers managed by Qualcomm Car-2-Cloud services platform. It also inked a deal to deploy its Snapdragon Automotive Cockpit Platform in the new PEUGEOT 308 vehicles. With power-efficient CPU cores, it forms the critical building blocks of future automobile designs and provides a scalable architecture that addresses the domain convergence of infotainment and driving systems. The new PEUGEOT 308 vehicles will benefit from crystal clear graphics, high-resolution and immersive 4K touchscreen displays integrated with Qualcomm’s Snapdragon Automotive Cockpit Platform. These are likely to get reflected in the upcoming results.

Qualcomm is witnessing healthy traction in EDGE networking that helps transform connectivity in cars, business enterprises, homes, smart factories, next-generation PCs, wearables, and tablets. The automotive telematics and connectivity platforms, digital cockpit, and C-V2X solutions are also fueling emerging automotive industry trends such as the growth of connected vehicles, the transformation of the in-car experience, and vehicle electrification. Qualcomm believes that it is on track to become the largest smartphone RF front-end supplier by revenues shortly.

In early January, Qualcomm and Microsoft introduced customized Snapdragon augmented reality chips, powering future AR glasses within Microsoft’s ecosystems.

Qualcomm Long (Buy)
Enter at: 178.38
T.P_1: 190.04
T.P_2: 195.22
T.P_3: 206.62
T.P_4: 225
S.L: 162.87

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