Earnings

Qualcomm (QCOM) earnings Q2 2022

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Qualcomm reported second-quarter earnings Wednesday, beating Wall Street expectations for sales and earnings, and driving the stock up over 4% in extended trading.

Here’s how Qualcomm did versus Refinitiv consensus expectations:

  • EPS: $3.21, adjusted, versus $2.91 expected, up 69% year-over-year
  • Revenue: $11.16 billion, adjusted, versus $10.60 billion expected, up 41% year-over-year
  • QCT (chip sales): $9.55 billion versus $8.86 billion expected per StreetAccount, up 52% year-over-year
  • QTL (technology licensing): $1.58 billion versus $1.55 billion expected per StreetAccount, down 2% year-over-year

Qualcomm said it expected between $2.75 and $2.95 in earnings per share in the third quarter on…



Source cnbc.com

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