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.

Qualcomm Q4 2022 earnings infographic

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

  • Qualcomm Q3 2022 earnings infographic
  • Qualcomm reports Q1 2022 earnings results
  • Qualcomm Q4 2021 earnings infographic

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates

Consumer goods behemoth The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly. Core

AXP Earnings: All you need to know about American Express’ Q1 2024 earnings results

American Express Company (NYSE: AXP) reported its first quarter 2024 earnings results today. Consolidated total revenues, net of interest expense, increased 11% year-over-year to $15.8 billion, driven mainly by higher

Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers

Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top