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.
