Categories AlphaGraphs, Earnings, Technology

QCOM Earnings: Qualcomm Q3 revenues rise 36%; profit tops expectations

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

At $10.9 billion, third-quarter revenues were up 36% from the prior-year quarter and well above the consensus forecast. The top line benefited from elevated chip demand.

Net income was $3.73 billion or $3.29 per share, compared to $2.03 billion or $1.77 per share in the third quarter of 2021. Adjusted profit moved up to $2.96 per share from $1.92 per share last year and topped the Street view.

Check this space to read management/analysts’ comments on Qualcomm’s Q3 results

Qualcomm’s shares have lost around 22% since the beginning of the year. The stock traded lower on Thursday morning, extending the post-earnings dip.

Prior Performance

  • 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
Viewing Highlight