Qualcomm FY21 Revenues Jumps 43% but Q4 Net Income Fall

Qualcomm FY21 Revenues Jumps 43% but Q4 Net Income Fall

(Qualcomm) Qualcomm Inc. reported revenues of $33.5 billion in the fiscal year 2021, up 43% from the prior year.

Fourth quarter revenues were reported at $9.34 billion, up 12% from the prior year’s comparable quarter. 

Full year net income was $9.043 billion or $7.87 earnings per share, a 74% jump from prior year. Q4 net income slipped to $2.798 billion, from $2.96 billion in the comparable quarter of 2020.

In the fourth quarter, the company repurchased 5 million shares at $771 million, taking total buybacks to 24 million shares estimated to be worth $3.366 billion. 

The company’s dividends totaled $768 million in the fourth quarter. The dividends amounted to $3.008 billion in FY21.

QCOM: NASDAQ is up +11.29%.

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