Qualcomm Q2 2020 Earnings Report
Key Takeaways
Qualcomm announced its Q2 fiscal year 2020 results, with revenues of $5.2 billion and GAAP EPS of $0.41. The company's performance was impacted by the COVID-19 pandemic, which reduced demand for handsets. However, Non-GAAP results were strong and in line with guidance.
Revenues reached $5.2 billion.
GAAP EPS was reported at $0.41, while Non-GAAP EPS stood at $0.88.
The company returned $2.3 billion to stockholders through dividends and share repurchases.
QCT revenues increased by 10% year-over-year.
Qualcomm
Qualcomm
Qualcomm Revenue by Segment
Forward Guidance
Given the uncertainty caused by the COVID-19 pandemic, Qualcomm estimates a 30% reduction in handset shipments, resulting in an estimated impact of greater than ($0.30) to EPS in Q3 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income