QCOM Earnings: Qualcomm Q4 revenues grow 12%; earnings top expectations

Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) on Wednesday reported stronger-than-expected earnings and revenues for the fourth quarter of 2021 amid continued uptick in microprocessor demand across industries. The company also provided guidance for the first quarter. At $9.34 billion, fourth-quarter revenues were up 12% from the prior-year quarter and well above the consensus forecast. The top-line […]

November 3, 2021 1 min read

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Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) on Wednesday reported stronger-than-expected earnings and revenues for the fourth quarter of 2021 amid continued uptick in microprocessor demand across industries. The company also provided guidance for the first quarter. At $9.34 billion, fourth-quarter revenues were up 12% from the prior-year quarter and well above the consensus forecast. The top-line […]
· November 3, 2021

Qualcomm Q4 2021 earnings infographic

At $9.34 billion, fourth-quarter revenues were up 12% from the prior-year quarter and well above the consensus forecast. The top-line benefited from the elevated chip demand and the company’s investments in 5G.

Net income was $2.79 billion or $2.45 per share, compared to $2.96 billion or $2.58 per share in the fourth quarter of 2020. Adjusted profit moved up to $2.55 per share from $1.45 per share last year and topped the Street view.

Read management/analysts’ comments on Qualcomm’s Q4 results

In the past twelve months, Qualcomm’s shares dropped around 6%. Following Wednesday’s earnings announcement, the stock made strong gains in the evening, after closing the regular session higher.