Qualcomm released its fourth-quarter results on November 1, and analysts expect revenue to continue to decline compared with the same period last year.

On October 27, Qualcomm is one of a number of companies that will release results for a period of time after Intel, Microsoft, Amazon, Google's parent company Alphabet and other companies release their latest quarterly or fiscal quarter results.

According to Qualcomm's website, their results for the fourth quarter of fiscal year 2023, which ends at the end of September, will be released on November 1, local time, and a conference call for financial analysts will be held at 1:45 Pacific time on November 1. that is, 4:45 Beijing time on November 2.

For the fourth quarter, Qualcomm forecast revenue of $8.1 billion to $8.9 billion and earnings per share of $1.37 to $1.57 in its fiscal third quarter results released on Aug. 2.

According to the forecast given by Qualcomm, their revenue in the fourth quarter will still decline compared with the same period last year.

In the fourth quarter of fiscal 2022, Qualcomm had revenue of $11.396 billion or $2.54 per share under GAAP and $11.387 billion or $3.13 per share under non-GAAP.

In addition, Qualcomm's fourth-quarter revenue will decline month-on-month if it is at the lower limit of expected revenue. Their third-quarter revenue was $8.451 billion under GAAP and $8.442 billion under non-GAAP.