Qualcomm reported Q4 revenues of $6.50 billion, up from expected $5.94 billion and above $4.8 billion in the comparable quarter of 2019, according to the company’s press release. Q4 earnings per share were $1.45, up from expected $1.19, above $0.78 in the comparable quarter of 2019. The company’s markets were stronger than expected and acceleration of wireless technology to continue driving growth-Steve Mollenkopf, CEO
- Guides Q1 2021 earnings per share to be between $1.95-2.15, up from expected $1.4
- Guides Q1 2021 non-GAAP revenue to $7.8-8.6 billion, up from an expected $7.16 billion.
- Qualcomm’s net income rose 76% from $947 million in Q4 2019 to $1,669 in Q4 2020
- The company’s MSM chip shipments rose 6.6%, year over year basis in Q4 to 162M units.
Qualcomm stock is gaining on strong quarterly results. QCOM: NASDAQ is up 14.27%
