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Mar 28, 2021
Qualcomm Q2 2021 Earnings Report
Qualcomm reported strong Q2 2021 results, exceeding EPS guidance and demonstrating year-over-year growth.
Key Takeaways
Qualcomm announced its Q2 Fiscal Year 2021 results, with revenues of $7.9 billion and GAAP EPS of $1.53. The company experienced significant year-over-year growth, driven by sustained demand for smartphones and increased non-handset revenues. Non-GAAP EPS was $1.90, exceeding the high end of the guidance range.
Qualcomm's Q2 revenues reached $7.9 billion, a 52% increase year-over-year.
GAAP EPS was reported at $1.53, while Non-GAAP EPS reached $1.90, surpassing expectations.
The company returned $2.3 billion to stockholders through dividends and share repurchases.
Growth was driven by sustained demand for smartphones and increased non-handset revenues.
Forward Guidance
Qualcomm provided revenue guidance for Q3 FY21, expecting revenues between $7.1 billion and $7.9 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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