Qualcomm (NASDAQ: QCOM) reported first-quarter 2021 financial results after the regular market hours on Wednesday. The semiconductor manufacturer reported first-quarter revenue of $8.24 billion, up 62% year-over-year, but slightly below the Wall Street projection. Net income of $2.17 per share was, meanwhile, higher than what analysts had anticipated.
QCOM shares fell over 8% immediately following the announcement. The stock has rallied 88% in the trailing twelve months.
CEO Steve Mollenkopf said in a statement, “We remain well-positioned as the 5G ramp continues and we extend our core technology roadmap to adjacent industries.”
Notably, starting this quarter, the semiconductor firm has stopped reporting MSM chip shipments figure.
Prior performance
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
