Categories AlphaGraphs, Earnings, Technology

QCOM Infographic: A snapshot of Qualcomm’s Q2 2023 earnings results

Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) reported lower earnings and revenues for the second quarter of 2023. The company also provided guidance for the third quarter.

Qualcomm Q2 2023 earnings infographic

At $9.28 billion, second-quarter revenues were down 17% from the prior-year quarter. Both the QCT and QTL segment revenues declined by double digits.

Net income was $1.70 billion or $1.52 per share during the three-month period, compared to $2.93 billion or $2.57 per share in the second quarter of 2022. Adjusted profit plunged to $2.15 per share from $3.23 per share.

“As we navigate this challenging environment, we remain focused on the critical factors we can control to emerge stronger from this downturn – our leading technology roadmap, best-in-class product portfolio, strong customer relationships, and operational efficiencies,” said Qualcomm’s CEO Cristiano Amon.

Prior Performance

  • Qualcomm Q1 2023 earnings infographic
  • Qualcomm Q4 2022 earnings infographic
  • Qualcomm Q3 2022 earnings infographic

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

AVGO Earnings: Broadcom Q2 2024 revenue and profit beat estimates

Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Wednesday reported higher second-quarter revenues and adjusted earnings. The results also topped analysts' expectations. Earnings, excluding non-recurring items, came in at $10.96 per

Key takeaways from Oracle’s (ORCL) Q4 2024 earnings report

Oracle Corporation’s (NYSE: ORCL) stock rallied this week after the company announced large cloud infrastructure deals with tech giants Google, OpenAI, and Microsoft. The demand for Oracle's generative AI infrastructure

ZDGE Earnings: Zedge reports higher revenues and adj. profit for Q3 2024

Content distribution platform Zedge, Inc. (NYSE American: ZDGE) has reported higher net income for the third quarter of 2024, on an adjusted basis. The bottom line benefitted from a double-digit

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