Qualcomm: Q2 Earnings Insights

Qualcomm QCOM reported its Q2 earnings results on Wednesday, May 3, 2023 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Qualcomm reported in-line EPS of $2.15 versus an estimate of $2.15.

Revenue was down $1.89 billion from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 0.61% drop in the share price the next day.

Here's a look at Qualcomm's past performance:

Quarter Q1 2023 Q4 2022 Q3 2022 Q2 2022
EPS Estimate 2.35 3.13 2.87 2.91
EPS Actual 2.37 3.13 2.96 3.21
Revenue Estimate 9.60B 11.37B 10.87B 10.60B
Revenue Actual 9.46B 11.39B 10.93B 11.16B

To track all earnings releases for Qualcomm visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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