Qualcomm beats Q3 outlook with revenues up 65%, profit more than doubles

Thursday 29 July 2021 | 08:54 CET | News
Qualcomm reported revenues for its fiscal third quarter to June well ahead of expectations, with annual growth of 65 percent to USD 8.06 billion. Net profit more than doubled, to USD 2.03 billion or USD 1.77 per share from USD 845 million or USD 0.74 per share a year ago, also better than the group's forecast.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Mobile & Wireless
Companies: Qualcomm
Countries: World
::: add a comment
This article is part of dossier




Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Forefront RF raises GBP 1.5 million to launch new smartphone chip

Published 12 Aug 2021 16:54 CET | United Kingdom
Forefront RF, Cambridge, UK-based fabless semiconductor company, has secured first round investment of GBP 1.5 million to launch ...

Qualcomm bids USD 4.6 bln for Veoneer to expand in auto market

Published 05 Aug 2021 16:04 CET | World
Qualcomm has made a bid of USD 4.6 billion to acquire Veoneer, in attempt to further its automotive business in the growing ...

Qualcomm beleeft boven verwachting goed Q3 met omzetstijging van 65% en verdubbelde winst

Published 02 Aug 2021 15:07 CET | World
Qualcomm rapporteert een boven verwachting goed fiscale derde kwartaal. De inkomsten voor het kwartaal tot juni toonden een ...

Qualcomm launches wearables industry programme

Published 21 Jul 2021 16:05 CET | World
Qualcomm Technologies announced the new 'Qualcomm Wearables Ecosystem Accelerator Program' and discussed in a press event its ...

Qualcomm appoints new chief marketing officer

Published 12 Jul 2021 15:49 CET | World
Qualcomm has appointed Don McGuire its new chief marketing officer (CMO), reporting directly to CEO Cristiano Amon and effective ...

Qualcomm unveils Snapdragon 888 Plus, updates RAN plaform for small cells

Published 28 Jun 2021 15:19 CET | World
Qualcomm has announced the new Snapdragon 888 Plus 5G Mobile Platform, a follow-on to its flagship Snapdragon 888, launched late ...

Qualcomm releases new modules for cellular IoT connectivity

Published 08 Jun 2021 15:29 CET | World
Qualcomm has released a new range of cellular connectivity modules for IoT devices. The seven new products range from entry-level ...

Qualcomm quarterly profit more than triples, sales up 52%

Published 29 Apr 2021 08:34 CET | World
Qualcomm reported revenues for its fiscal second quarter to March up 52 percent year-on-year to USD 7.9 billion, near the high ...

Qualcomm completes Nuvia takeover, sees first CPUs ready by H2 2022

Published 16 Mar 2021 15:00 CET | World
Qualcomm has completed its acquisition of Nuvia, first announced in January for USD 1.4 billion. The deal is expected to help ...

Qualcomm more than doubles quarterly profit as revenues grow 62%

Published 04 Feb 2021 08:19 CET | World
Qualcomm reported revenues for its fiscal first quarter to December up 62 percent year-on-year to USD 8.2 billion, led by demand ...