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1q21 revenue of 8.235 billion US dollars, a year-on-year growth of 62%, less than expected From high pass

The following is the 1q21 revenue of 8.235 billion US dollars, a year-on-year growth of 62%, less than expected From high pass recommended by recordtrend.com. And this article belongs to the classification: 5g industry, Enterprise financial report, Investment & Economy, Mobile Internet.

February 4, 2021( QCOM.US )U.S. stocks released the first quarter (Q1) performance report of fiscal year 2021 after hours on Wednesday

The revenue was 8.235 billion US dollars, a year-on-year increase of 62%, and the market expectation was 8.244 billion US dollars;

The profit before tax was US $2.604 billion, up 175% year on year;

The net profit is 2.455 billion US dollars, up 165% year on year, and the market expectation is 2.068 billion US dollars;

Diluted earnings per share was $2.12, up from $0.8 in the same period last year;

Qualcomm said that with the continuous development of 5g technology, we will maintain a good positioning and expand the core technology roadmap to neighboring industries; the strong demand for 5g and the growth of RF front-end, automotive and Internet of things adjacent fields promoted the record revenue of chip business in the first quarter; due to the impact of the epidemic and the decrease of shipment in Greater China, 3G, 4G and 5g operators in the world in the first quarter The year-on-year decrease in the volume of machine shipments is 7%, while the previous assumption is a decrease of 5%; if it is not for the tight supply, our performance and prospects will be stronger; it is expected that the supply will return to normal in the second half of this year.

Looking ahead to Q2 of fy2021, Qualcomm expects:

Revenue between $7.2 billion and $8 billion

GAAP diluted earnings per share range from $1.17 to $1.37

Non GAAP diluted earnings per share range from $1.55 to $1.75

After the announcement of the financial report, due to the lower than expected Q1 revenue, Qualcomm fell more than 6% after hours.

Qualcomm: 3q20 revenue of US $4.893 billion exceeded expectations Net profit decreased by 5% year on year CEO remains optimistic about the future Qualcomm financial report: net profit of $1.88 billion in Q1 2014 decreased by 2% year on year Analysis: in 2013, the baseband market share of Q3 is as high as 66%, Qualcomm & IHS Markit: 5g economic report: it is estimated that the global 5g mobile phone shipment will reach 450 million in 2021, TSMC: 4q20 revenue will reach US $12.68 billion, a year-on-year increase of 22%, China Telecom: revenue and profit will drop in 2019, 5g users will exceed 10 million, China Telecom: 4q19 net profit is lower than expected, 5g base station scale has reached 40000

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