Categories AlphaGraphs, Earnings, Technology

Infographic: Highlights of Qualcomm’s (QCOM) Q4 2020 earnings report

Qualcomm Inc. (NASDAQ: QCOM) reported stronger-than-expected earnings and revenues for the fourth quarter of 2020, driving the stock higher on Wednesday evening. The company also provided guidance for the first quarter.

Qualcomm Q4 2020 earnings infographic

At $8.35 billion, unadjusted revenues were up 73% compared to last year and far above the consensus forecast. Adjusted profit moved up to $1.45 per share from $0.78 per share in the prior-year quarter and topped the Street view.

Net income was $2.96 billion or $2.58 per share, compared to $506 million or $0.42 per share in the fourth quarter of 2019. The results benefited from the company’s investments in 5G and contributions from the licensing and product businesses.

Read management/analysts’ comments on Qualcomm’s Q4 results

After recovering from the COVID-related selloff in March, Qualcomm’s shares hit a record high last month. The stock closed Wednesday’s regular trading higher and gained further following the earnings report.

  • Qualcomm (QCOM) Q4 2019 Earnings Review
  • For the third quarter, semiconductor manufacturer Qualcomm (Nasdaq: QCOM) posted revenues of $9.6 billion, riding on the $4.7 billion in licensing revenues resulting from the settlement with Apple (Nasdaq: AAPL).

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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