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Global mobile chip giant Qualcomm's second-quarter earnings report

Update time : 2022-05-10 10:32:56

Global mobile chip giant Qualcomm released a strong second-quarter earnings report, in which revenue and earnings per share exceeded Wall Street analysts' previous expectations.
Global mobile chip giant Qualcomm released a strong second-quarter earnings report, in which revenue and earnings per share exceeded Wall Street analysts' previous expectations.

According to the financial report, Qualcomm’s second-quarter adjusted revenue was $11.16 billion, higher than the expected $10.6 billion, a year-on-year increase of 41%; adjusted earnings per share were $3.21, also higher than the expected $2.91, a year-on-year increase of 69%.
In terms of specific businesses, QCT (Qualcomm CDMA technologies), its most important chip business unit, reported sales of US $9.55 billion, higher than the US $8.86 billion expected by analysts, with a year-on-year increase of 52%; The revenue of QTL, the technology licensing department, reached US $1.58 billion, which was also slightly higher than the US $1.55 billion expected by analysts, a year-on-year decrease of 2%.
In 2021, Qualcomm continued to be the world's largest chip design company, with unlicensed business revenue of US $27 billion, mainly including smartphone products, RF products and Internet of things products. The mobile phone market is the largest market for Qualcomm chips. This suggests that smartphone sales may slow in an inflationary environment, but the major Android chip maker has not been affected.
At present, the sales volume of the automobile market is still small, but the company is still optimistic that its cooperation with automobile manufacturers and suppliers will bring more growth. Qualcomm's automotive division had sales of $339 million, a year-on-year increase of 41%. The revenue of veoneer, an American automotive technology provider from Sweden, was not included in the quarter ended March. Qualcomm recently completed its acquisition of the company.

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