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  • Qualcomm (QCOM) earnings Q4 2021
Qualcomm (QCOM) earnings Q4 2021
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Qualcomm (QCOM) earnings Q4 2021

Eleanore Beatty November 5, 2021 Article

Cristiano Amon, president of Qualcomm and Qualcomm CDMA Technologies, responds to a issue for the duration of a panel dialogue on 5G wi-fi broadband technology during the 2018 CES in Las Vegas, Nevada, U.S. January 10, 2018.

Steve Marcus | Reuters

Qualcomm inventory rose much more than 6{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} at just one issue in extended trading Wednesday right after the corporation described its fiscal fourth-quarter earnings, which exceeded analyst expectations.

Qualcomm’s profits also beat Wall Street expectations, pushed by a 56{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} year-above-year improve in smartphone chip gross sales even with a international chip lack.

Here’s how Qualcomm did as opposed to Refinitiv consensus expectations:

  • EPS: $2.55, modified, vs. $2.26 envisioned, up 76{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} calendar year over yr
  • Revenue: $9.3 billion, modified, vs. $8.86 billion expected, up 43{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} year over year.

Qualcomm reported it envisioned in between $10 billion and $10.8 billion in profits in the recent quarter, increased than the $9.68 billion anticipated by analysts.

QCT, Qualcomm’s chip business, described $7.7 billion in income, up 56{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} 12 months in excess of yr. The firm attributed the advancement to powerful desire for chips for smartphones and handsets.

The growth in Qualcomm’s chip division comes amid problems with the supply of lots of semiconductors necessary to establish pcs and other units. It displays Qualcomm has weathered the global scarcity — which has damage providers these kinds of as Intel, AMD and Apple — and that its tactic of making use of a number of chip factories, or foundries, has resulted in a more robust pipeline of chip provide.

Qualcomm’s IoT small business, which produces minimal-electric power chips to join other devices to the internet and is aspect of QCT, grew 66{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} to $1.5 billion. RF front-stop chips, which are essential to join to 5G networks, grew 45{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} to $1.24 billion.

The category with the next-strongest progress in the quarter ending in December is the company’s handset company, with $4.69 billion in product sales. Qualcomm expects to supply chips for as a lot of as 550 million 5G smartphones in 2022, a slight downward revision from its former prediction.

Qualcomm’s automotive company stays the firm’s smallest product or service group for chips. It grew 44{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} to $270 million, although the corporation introduced quite a few partnerships with automakers this sort of as GM throughout the quarter.

QTL, the company’s lucrative technological innovation licensing division, was up only 3{a78e43caf781a4748142ac77894e52b42fd2247cba0219deedaee5032d61bfc9} on an once-a-year basis, to $1.55 billion in revenue.

Qualcomm said it repurchased $1.54 billion of its own shares in the course of the quarter and compensated $768 million in dividends.

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Tags: earnings, QCOM, Qualcomm

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