Qualcomm (NASDAQ:QCOM) reported its Q1 earnings results on Wednesday, February 2, 2022 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Qualcomm beat estimated earnings by 7.31%, reporting an EPS of $3.23 versus an estimate of $3.01, which did not surprise analysts.
Revenue was up $2.47 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.29, which was followed by a 12.73% increase in the share price the next day.
Here’s a look at Qualcomm’s past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.26 | 1.67 | 1.67 | 2.10 |
| EPS Actual | 2.55 | 1.92 | 1.90 | 2.17 |
| Revenue Estimate | 8.86B | 7.55B | 7.62B | 8.27B |
| Revenue Actual | 9.32B | 8.00B | 7.92B | 8.23B |
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
