=-=Qualcomm (QCOM) reported earnings on Wed 3 Feb 21 (a/h)

 

 Qualcomm beats by $0.07, reports revs in-line; guides Q2 EPS mid point above consensus; revs above consensus 

Reports Q1 (Dec) earnings of $2.17 per share, excluding non-recurring items, $0.07 better than the S&P Capital IQ Consensus of $2.10; revenues rose 62.2% year/year to $8.23 bln vs the $8.26 bln S&P Capital IQ Consensus.

Co issues in-line guidance for Q2, sees EPS of $1.55-1.75, excluding non-recurring items, vs. $1.56 S&P Capital IQ Consensus; sees Q2 revs of $7.2-8.2 bln vs. $7.07 bln S&P Capital IQ Consensus.

"We delivered an exceptional quarter, more than doubling earnings year-over-year due to strong 5G demand in handsets and growth in our RF front-end, automotive and IoT adjacencies, which drove record earnings in our chip business," said Steve Mollenkopf, CEO of Qualcomm Incorporated. "We remain well positioned as the 5G ramp continues and we extend our core technology roadmap to adjacent industries."