Qualcomm (NASDAQ:QCOM) reported its Q3 earnings results on Wednesday, July 27, 2022 at 04:01 PM.
Here’s what investors need to know about the announcement.
Earnings
Qualcomm beat estimated earnings by 3.14%, reporting an EPS of $2.96 versus an estimate of $2.87.
Revenue was up $2.93 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.3 which was followed by a 9.69% increase in the share price the next day.
Here’s a look at Qualcomm’s past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.91 | 3.01 | 2.26 | 1.67 |
| EPS Actual | 3.21 | 3.23 | 2.55 | 1.92 |
| Revenue Estimate | 10.60B | 10.42B | 8.86B | 7.55B |
| Revenue Actual | 11.16B | 10.70B | 9.32B | 8.00B |
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.
