Qualcomm: Q2 EPS up 13%

(CercleFinance.com) - On Wednesday evening, Qualcomm reported a 14% increase in adjusted net income (non-GAAP) to $2.
76bn for its second accounting quarter, with EPS up 13% to $2.44, exceeding the upper limit of its target range.

Also on an adjusted basis, the chipmaker's pre-tax profit rose 11% to $3.17bn, on revenues that edged up 1% to nearly $9.4bn, with a third consecutive record quarter for automotive revenues in the QCT segment.

Also pointing to upcoming launches with its Snapdragon X platforms and the prospects opened up by AI, the Californian group anticipates adjusted EPS of $2.15 to $2.35, as well as revenues of $8.8bn to $9.6bn for the current quarter.


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