How has Qualcomm's net profit changed over the past year?

Qualcomm's net profit has experienced a significant increase over the past year. The company's net income (cum) for the fiscal year ending September 29, 2024, was $10.14 billion. This represents a substantial improvement from the previous year's net income, which was $5.41 billion for the fiscal year ending September 30, 2023.

The growth in net profit can be attributed to various factors, including the company's successful product lineup, strong market demand for its processors, and effective cost management. This positive trend is expected to continue as Qualcomm continues to innovate and expand its product offerings in the rapidly growing semiconductor industry.