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2q21 net profit of $1.762 billion, up 276% year on year From high pass

The following is the 2q21 net profit of $1.762 billion, up 276% year on year From high pass recommended by recordtrend.com. And this article belongs to the classification: Enterprise financial report, Investment & Economy, Intelligent mobile phone.

On April 29, 2021, Qualcomm released its financial results for the second quarter of fiscal year 2021. According to the report, Qualcomm’s net profit in the second quarter was $1.762 billion, up 276% from $468 million in the same period last year; Revenue was $7935 million, up 52% from $5216 million in the same period last year.

In terms of business composition, in the second quarter, Qualcomm’s revenue from equipment and services was $6.239 billion, and that from licensing was $1.696 billion. In terms of chip business, the revenue of smart phone chip business was US $4.065 billion, RF chip business was US $903 million, automobile business was US $240 million, and Internet of things business was US $1.073 billion.

Qualcomm CEO Steve Mollenkopf said that due to the continuous growth of global demand for smart phones and the enhanced revenue capacity of its non mobile business, it once again achieved a year-on-year growth in its quarterly revenue. In the future, Qualcomm will also be in a favorable position for sustained growth.

For the performance data, Patrick Moorhead, chief analyst of Moore Insights & strategy, said that Qualcomm’s performance benefited from the growing demand for smartphones, which is almost unprecedented.

What’s more, it’s not just smartphones that are doing well this quarter. Moorhead also noted that the company’s radio chip business grew by 39%, its car business by 40% and its Internet of things revenue by 71%“ These numbers could make Qualcomm one of the largest smartphone RF providers and one of the largest IOT chip manufacturers. “

Qualcomm expects revenue to be between $7.1 billion and $7.9 billion in the third quarter to June. Earnings per share excluding special items will be between $1.55 and $1.75. Analysts had expected an average revenue of $7.12 billion and earnings per share of $1.51.

As the second quarter results exceeded Wall Street analysts’ expectations, and the third quarter performance outlook exceeded expectations, Qualcomm’s shares rose more than 5% after hours.

Qualcomm: 1q21 revenue of US $8.235 billion, up 62% year on year, lower than expected: 3q20 revenue of US $4.893 billion, higher than expected Qualcomm financial report: revenue of $6.48 billion in Q4 2013, up 33% year on year; TSMC: revenue of $12.68 billion in 4q20, up 22% year on year; Intel: net profit of $5.8 billion in 4q20, down 15% year on year; NVIDIA: revenue of $5 billion in 4q20, up 53% year on year; TSMC: revenue of $12.919 billion in 1q21, up 16.7% year on year; Intel: revenue of $19.7 billion in 1q21, down 1% year on year, still exceeding expectations Insights: in 2017, the transaction volume of semiconductor M & A reached US $27.7 billion. Qualcomm financial report: in fiscal year 2020, the net profit of Q3 was US $845 million, a year-on-year decrease of 61%. In fiscal year 2015, the net profit of Q1 was US $1.1 billion, a year-on-year decrease of 46%. SMIC International: 2q20, the revenue was US $938.5 million, and the net profit was US $138 million

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