Categories AlphaGraphs, Earnings, Technology
Earnings: Qualcomm’s (QCOM) Q4 profit meets estimates; revenues rise 22%
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) Wednesday reported higher earnings and revenues for the fourth quarter of 2022 as the demand for microprocessors remained high. The company also provided guidance for the first quarter of 2023.
At $11.40 billion, fourth-quarter revenues were up 22% from the prior-year quarter and above the consensus forecast. The QCT segment registered strong growth.
Net income was $2.87 billion or $2.54 per share, compared to $2.79 billion or $2.45 per share in the fourth quarter of 2021. Adjusted profit moved up to $3.13 per share from $2.55 per share last year and came in line with the Street view.
Check this space to read management/analysts’ comments on Qualcomm’s Q4 results
“We are pleased to report another strong year, despite the macroeconomic challenges, as we continue to execute our strategy of transforming Qualcomm from a wireless communications company for the mobile industry to a connected processor company for the intelligent edge,” said Qualcomm’s CEO Cristiano Amon.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
