On November 2nd, Qualcomm released its fourth and full year performance reports for the fiscal year ended September 24, 2023, with a year-on-year decrease of 44% in net profit of $7.232 billion. The financial report shows that the revenue in the fourth quarter was 8.67 billion US dollars, a decrease of 24% year-on-year; The net profit was $1.489 billion, a year-on-year decrease of 48%. The annual revenue for the fiscal year 2023 was $35.82 billion, a year-on-year decrease of 19%; The net profit was 7.232 billion US dollars, a year-on-year decrease of 44%. Qualcomm expects revenue to reach $9.1 billion to $9.9 billion in the first quarter of the 2024 fiscal year.