Qualcomm: Q4 net income up 23% y-o-y
(CercleFinance.com) - On Wednesday evening Qualcomm reported adjusted net income that is up up 22% y-o-y to nearly 3.
55 billion dollars for Q4 2021-22, i.e. $3.13 per share (+23%).
Also on a non-GAAP basis, the California-based wireless technology's operating profit rose 26% to 4.14 billion dollars, on quarterly revenues that increased 22% to nearly 11.4 billion dollars.
For the current quarter, it is targeting adjusted EPS of $2.25 to $2.45 and revenues of 9.2 to 10 billion dollars for revenue, forecasts which have been affected by actions taken by its major customers to reduce their high inventory levels.
Copyright (c) 2022 CercleFinance.com. All rights reserved.