Qualcomm Tops Q4 Expectations
November 5, 2020
Qualcomm reported results for its fiscal fourth quarter and year ended September 27, 2020. The firm noted earnings of $1.45 per share (adjusted) with only $1.17 expected. On the top line, revenue came in at $6.5 billion (adjusted) with Wall Street only looking for $5.93 billion.
“Our fiscal fourth quarter results demonstrate that our investments in 5G are coming to fruition and showing benefits in our licensing and product businesses,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “We concluded the year with exceptional fourth quarter results and are well positioned for growth in 2021 and beyond. As the pace of disruption in wireless technology accelerates, we will continue to drive growth and scale across our RF front-end, Automotive and IoT adjacencies.”