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Dec 29, 2019
Qualcomm Q1 2020 Earnings Report
Qualcomm's financial performance reflected a significant inflection point as the company began to realize the benefits from the ramp of 5G.
Key Takeaways
Qualcomm announced its Q1 Fiscal Year 2020 results, with revenues reaching $5.1 billion and a GAAP EPS of $0.80. The company's strong performance is attributed to the ramp of 5G.
Revenues were $5.1 billion.
GAAP EPS was $0.80.
Non-GAAP EPS was $0.99.
The company returned $1.5 billion to stockholders through dividends and share repurchases.
Forward Guidance
Qualcomm provided revenue guidance for Q2 FY20 between $4.9B and $5.7B and Non-GAAP diluted EPS between $0.80 and $0.95.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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