Qualcomm (NASDAQ:QCOM) reported its Q2 earnings results on Wednesday, May 3, 2023 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Qualcomm reported in-line EPS of $2.15 versus an estimate of $2.15.
Revenue was down $1.89 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.02 which was followed by a 0.61% drop in the share price the next day.
Here’s a look at Qualcomm’s past performance:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | 2.35 | 3.13 | 2.87 | 2.91 |
| EPS Actual | 2.37 | 3.13 | 2.96 | 3.21 |
| Revenue Estimate | 9.60B | 11.37B | 10.87B | 10.60B |
| Revenue Actual | 9.46B | 11.39B | 10.93B | 11.16B |
To track all earnings releases for Qualcomm visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
