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Mar 29, 2020
Qualcomm Q2 2020 Earnings Report
Qualcomm's Q2 fiscal year 2020 results were announced, revealing the company's resilience amidst the global pandemic challenges.
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.