Good evening investors!

Every weekend we publish our “Earnings Recap” — an in-depth summary of the earnings reports for stocks that we cover.

Earnings season kept rolling this week as nine of the stocks we cover reported quarterly results this week — here is the list of companies we focused on:

• Monday 11/4: Palantir, and Realty Income

• Tuesday 11/5: --

• Wednesday 11/6: Qualcomm, MercadoLibre, and Celsius Holdings

• Thursday 11/7: AirBnB, The Trade Desk, Block, and Hershey

• Friday 11/8: --

Let’s dive in.

Qualcomm (QCOM)

Qualcomm reported a strong Q4, exceeding expectations for both revenue and earnings, driven by robust growth in key segments.

The company achieved revenue of $10.24 billion, up 18% year-over-year, surpassing the $9.90 billion estimate, while net income reached $2.9 billion, marking a 96% YoY increase. Earnings per share came in at $2.59, slightly above the $2.56 estimate.

Key highlights from the report include Qualcomm’s QCT segment revenue of $8.7 billion, a growth of 18% YoY, and QTL revenue of $1.5 billion, up 21% YoY. The company saw substantial growth in its handsets segment, which generated $6.1 billion in revenue, representing a 12% YoY increase, while automotive revenue rose significantly by 68% YoY to $899 million.

Operating income surged by 83% YoY to $2.6 billion, with operating cash flow reaching $12.2 billion, up 8% YoY. The company also emphasized its commitment to shareholder returns, highlighting $4.1 billion in share buybacks for the fiscal year and authorization for up to $15 billion in buybacks.

For Q1 2025, Qualcomm provided guidance with expected revenue in the range of $10.5 billion to $11.3 billion, QCT revenue of $9.0 billion to $9.6 billion, QTL revenue of $1.45 billion to $1.65 billion, and EPS projected between $2.85 and $3.05.

QCOM shares are +4.2% so far this week.

Palantir (PLTR)

Palantir reported solid Q3 results, with revenue and earnings both surpassing analyst expectations, driven by robust growth across its U.S. government and commercial segments.

The company posted revenue of $725.5 million, an increase of 30% year-over-year, exceeding estimates of $705.1 million. Net income reached $143.5 million, a 101% increase YoY, with earnings per share of $0.10, beating the $0.09 estimate by 11.11%.

Key highlights include a significant 40% YoY increase in U.S. government revenue to $320 million and a 54% YoY growth in U.S. commercial revenue to $179 million. Operating income surged 183% YoY to $113.1 million, while operating cash flow was $419.8 million, marking a 215% YoY increase.

Additionally, Palantir closed 104 deals over $1 million and reported a Rule of 40 Score of 68%.

For Q4 2024, Palantir projects revenue between $767 million and $771 million. The company raised its FY 2024 revenue guidance to a range of $2.805 billion to $2.809 billion and anticipates full-year free cash flow above $1.0 billion.

PLTR shares are +32.2% so far this week.

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Mercado Libre (MELI)

Mercado Libre reported mixed Q3 earnings, with revenue surpassing estimates but EPS falling short.

The company achieved revenue of $5.31 billion, up 41% year-over-year, slightly above expectations, while net income rose 11% to $397 million. However, EPS came in at $7.83, missing estimates by 26%, reflecting higher operational investments.

Key highlights from the quarter include a robust 48% growth in commerce revenue, reaching $3.6 billion, and a 21% rise in fintech revenue, totaling $1.8 billion. Total payment volume also increased significantly, up 34% year-over-year, showcasing strong adoption in its fintech segment. Operating income was $557 million, down 29%, as operating expenses surged 44% due to increased investments in logistics and credit.

For FY 2024, Mercado Libre anticipates continued strong growth driven by investments in logistics, credit, and fintech to bolster its ecosystem and leverage structural trends in Latin America’s e-commerce and digital finance sectors.

MELI shares are -12.7% so far this week.

AirBnB (ABNB)

Airbnb reported mixed Q3 results, with revenue beating estimates but EPS falling slightly short.

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