In fiscal year 2022, Q3 Qualcomm’s revenue was $10.9 billion, and its net profit increased by 84% year-on-year From Qualcomm earnings

The following is the In fiscal year 2022, Q3 Qualcomm’s revenue was $10.9 billion, and its net profit increased by 84% year-on-year From Qualcomm earnings recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Hardware equipment industry.

Qualcomm recently released its third quarter financial report for fiscal 2022. The report shows that Qualcomm’s revenue in the third fiscal quarter was $10.936 billion, up 36% from $8.060 billion in the same period last year; The net profit was US $3.73 billion, an increase of 84% compared with us $2.027 billion in the same period last year; Diluted earnings per share was $3.29, up 86% from $1.77 in the same period last year.

Qualcomm’s adjusted revenue and earnings per share in the third quarter exceeded Wall Street analysts’ expectations, but its outlook for revenue and adjusted earnings per share in the fourth quarter failed to meet expectations, resulting in a sharp decline in its after hours share price of nearly 3%.

Main achievements:

In the fiscal quarter ended June 26, Qualcomm’s net profit was $3.73 billion, up 84% from $2.027 billion in the same period last year; Diluted earnings per share was $3.29, up 86% from $1.77 in the same period last year.

Excluding special one-time items (not in accordance with U.S. GAAP), Qualcomm’s adjusted net profit in the third quarter was $3.356 billion, up 53% from $2.2 billion in the same period last year; The adjusted diluted earnings per share was $2.96, up 54% from $1.92 in the same period last year, which exceeded analysts’ expectations. According to the data provided by Yahoo Finance website, 23 analysts had expected Qualcomm’s third quarter earnings per share to reach $2.87 on average.

Qualcomm’s revenue in the third quarter was $10.936 billion, up 36% from $8.060 billion in the same period last year. Excluding special one-time items (not in accordance with U.S. GAAP), Qualcomm’s adjusted revenue in the third quarter was $10.928 billion, up 37% from $7.995 billion in the same period last year, which also exceeded analysts’ expectations. According to the data provided by Yahoo Finance website, 22 analysts had expected Qualcomm’s third quarter revenue to reach $10.87 billion on average.

Qualcomm’s third quarter operating profit was $4.472 billion, compared with $2.195 billion in the same period last year. Excluding special one-time items (not in accordance with U.S. GAAP), Qualcomm’s adjusted operating profit in the third quarter was $4005 million, compared with $2665 million in the same period last year.

Qualcomm’s total operating costs and expenses in the third quarter were $6.464 billion, compared with $5.865 billion in the same period last year. Among them, the revenue cost was $4.816 billion, compared with $3.404 billion in the same period last year; R & D expenditure was $2.052 billion, compared with $1.864 billion in the same period last year; Sales, general and administrative expenses were $655million, compared with $597million in the same period last year; Other costs and expenses were -1.059 billion US dollars, compared with zero in the same period last year.

Performance of each department:

Qualcomm’s revenue from equipment and services in the third quarter was $9.266 billion, compared with $6.428 billion in the same period last year; Revenue from licensing was $1670 million, compared with $1632 million in the same period last year.

Divided by specific business departments: (1) Qualcomm CDMA Technology Group’s revenue in the third quarter was $9.378 billion, an increase of 45% compared with $6.472 billion in the same period last year; Pre tax profit was $2.996 billion, an increase of 67% compared with $1.795 billion in the same period last year, accounting for 32% of revenue, compared with 28% in the same period last year. (2) Qualcomm Technology licensing group’s revenue in the third quarter was $1.519 billion, up 2% from $1.489 billion in the same period last year; Pre tax profit was US $1.080 billion, an increase of 3% compared with us $1.053 billion in the same period last year, accounting for 71% of revenue, compared with 71% in the same period last year.

Within the CDMA Technology Group, by product, Qualcomm’s revenue from headphones in the third quarter was $6.149 billion, up 59% from $3.863 billion in the same period last year; The revenue from RF front-end products was US $1046 million, an increase of 9% compared with us $957 million in the same period last year; The revenue from automobile related products was $350million, up 38% from $253million in the same period last year; Revenue from IOT products was $1.833 billion, up 31% from $1.399 billion in the same period last year.

Other financial information:

Qualcomm’s operating cash flow in the third quarter was $2.895 billion, compared with $3.373 billion in the same period last year. By the end of the third quarter of fiscal 2022, Qualcomm’s total cash and cash equivalents were $3.198 billion, compared with $7.399 billion by the end of the third quarter of fiscal 2021.

Qualcomm returned a total of $1.3 billion in cash to shareholders in the third quarter of fiscal 2022, of which $842million in cash was returned in the form of cash dividends, about $0.75 per share; At the same time, 4million ordinary shares were repurchased at a price of $500million.

Performance Outlook:

Qualcomm predicts that revenue in the fourth quarter of fiscal 2022 will reach $11 billion to $11.8 billion, and its average value (US $11.4 billion) failed to meet analysts’ expectations; Diluted earnings per share will reach $2.53 to $2.83; The diluted earnings per share not in accordance with the U.S. GAAP will reach $3.00 to $3.30, and its average value ($3.15) also failed to meet analysts’ expectations. According to the data provided by Yahoo Finance website, 22 analysts expect Qualcomm’s revenue to reach $11.87 billion in the fourth fiscal quarter on average, and 23 analysts expect Qualcomm’s adjusted earnings per share to reach $3.23 in the fourth fiscal quarter on average.

By department, Qualcomm expects the revenue of CDMA Technology Group to reach $9.5 billion to $10.1 billion in the fourth quarter, and the revenue of technology licensing group to reach $1.45 billion to $1.65 billion in the fourth quarter.

Share price changes:

On the same day, Qualcomm shares rose $3.45, or 2.30%, to $153.42 in regular trading on NASDAQ. Qualcomm shares fell $4.55, or 2.97%, to $148.87 in after hours trading as of 6:39 p.m. EDT on Wednesday (6:39 a.m. Beijing time on Thursday). In the past 52 weeks, Qualcomm’s highest price was $193.58 and its lowest price was $118.23.

More reading: cinno research: in Q1 2022, the shipment of smart phone SOC in Chinese Mainland market was about 74.39 million, a decrease of 14.4% compared with the same period last year. Gartner: by 2023, the scale of Wi Fi 6 enterprises and small and medium-sized business users will increase from US $250 million to US $5.22 billion, and the CAGR will reach 114% counterpoint: the competition intensifies the gap between MediaTek and Qualcomm, and gradually narrows. China Semiconductor Industry Association: the total revenue of China’s integrated circuit industry in 2021 will reach 1045.83 billion yuan, the same as that of last year Growth of 18.2% strategy Analytics: Q3 global cellular baseband market revenue reached US $8.15 billion in 2021, an increase of 23.3% IC insights: the global semiconductor scale reached US $614.6 billion in 2021, and the share of the top ten semiconductor companies was as high as 57% strategy Analytics: the global tablet application processor market scale reached US $3 billion in 2021, and apple accounted for 62% illustrated Qualcomm’s US $975 million sky high price ticket in China, the highest global common security rabbit: 2014 global mobile phone chip Brand distribution and top ranking counterpoint research: in Q1 2022, Samsung’s revenue share in the global smart phone chipset market was only 7%. Wall Street analysts: TSMC’s revenue is expected to reach $18.1 billion in Q2 2022, with a 43% month on month increase. Qualcomm financial report: Qualcomm’s revenue in Q2 2022 was $11.164 billion, with a 41% year-on-year increase. Qualcomm financial report: Qualcomm’s net profit in Q1 2015 was $1.1 billion, with a 46% year-on-year decrease. Strategy Analytics: Q1 global cellular baseband core in 2014 IC insight: it is estimated that the total sales of chip design in 2010 will be $41.4 billion

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.