Categories AlphaGraphs, Earnings, Technology

QCOM Earnings: Qualcomm Q2 revenues rise 41%; profit tops expectations

Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) on Wednesday reported stronger-than-expected earnings and revenues for the second quarter of 2022 amid continued uptick in microprocessor demand across industries. The company also provided guidance for the third quarter.

Qualcomm Q2 2022 earnings infographic

At $11.2 billion, second-quarter revenues were up 41% from the prior-year quarter and well above the consensus forecast. The top line benefited from elevated chip demand and the company’s investments in 5G technology.

Net income was $2.93 billion or $2.57 per share, compared to $1.76 billion or $1.53 per share in the second quarter of 2021. Adjusted profit moved up to $3.21 per share from $1.90 per share last year and topped the Street view.

Check this space to read management/analysts’ comments on Qualcomm’s Q2 results

Qualcomm’s shares dropped around 27% since the beginning of the year. Following the earnings announcement, the stock made strong gains Wednesday evening, after closing the regular session higher.

Prior Performance

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


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