Qualcomm: Q3 net profit up a half

(CercleFinance.com) - On Wednesday night Qualcomm reported Q3 2021-22 adjusted net income that is up 53% y-o-y to almost 3.
36 billion dollars, or 2.96 dollars per share.

In non-GAAP terms, the Californian wireless technology group's operating profit rose 53% to 3.89 billion dollars, on quarterly revenues that are up 37% at nearly 10.9 billion dollars.

For the current quarter, the company is targeting adjusted EPS ranges of 3 to 3.30 dollars, and 11 to 11.8 billion dollars for revenue, taking into account the impact of macroeconomic headwinds and a reduction in global device projections.


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