The forthcoming Snapdragon Summit, organized by Qualcomm (NASDAQ:QCOM) and scheduled to take place in Maui, Hawaii from October 24 to October 26, is expected to reveal the next-gen flagship SoC — the Snapdragon 8 Gen 3. The announcement is set for the event's inaugural day and will be accessible globally via live-streaming on the company's digital platforms. The new chip is anticipated to be a solely 64-bit model, powered by state-of-the-art ARM CPUs with a speculated 1+5+2 CPU setup, contrasting with its predecessor's 1+4+3 configuration. Qualcomm's enhanced focus on AI this year suggests that the upcoming SoC may incorporate AI-centric technology. Full specifications of the new chip will only be unveiled during the Summit.
As per InvestingPro data, Qualcomm boasts a market capitalization of 123.34B USD and a P/E ratio of 14.34, indicating a robust financial position. The company has been profitable over the last twelve months, with a return on assets of 17.94%, according to InvestingPro Tips. This high return on assets demonstrates Qualcomm's efficiency in using its assets to generate earnings.
On Monday, it was confirmed that the Qualcomm Snapdragon 8 Gen 3 chipset will power numerous upcoming smartphones. This includes models such as the iQOO 12 series with HDR10+ certification, OnePlus 12, Xiaomi (OTC:XIACF) 14 series with satellite connectivity, Realme GT 5 Pro, Red Magic 9 series with Android 14, Meizu 21 Series and Honor Magic 6 Ultimate. The Oppo Find X7 series will also feature this chipset along with a high-quality selfie camera. Notably, Samsung (KS:005930)'s Galaxy S24 series will have the Snapdragon chipset in the Ultra model and the Exynos 2400 processor in other models.
InvestingPro Tips highlight that Qualcomm, a prominent player in the Semiconductors & Semiconductor Equipment industry, has raised its dividend for 21 consecutive years and operates with a moderate level of debt. These factors, coupled with the fact that its liquid assets exceed short term obligations, make it an attractive investment prospect.
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