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Qualcomm: Q3 Earnings Insights

Qualcomm (NASDAQ:QCOM) reported its Q3 earnings results on Wednesday, July 27, 2022 at 04:01 PM. Here's what investors need to know about the announcement. Earnings Qualcomm beat estimated earnings by 3.14%, reporting an EPS of $2.96 versus an estimate of ...

Benzinga · 07/27/2022 17:38

Qualcomm (NASDAQ:QCOM) reported its Q3 earnings results on Wednesday, July 27, 2022 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

Qualcomm beat estimated earnings by 3.14%, reporting an EPS of $2.96 versus an estimate of $2.87.

Revenue was up $2.93 billion from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.3 which was followed by a 9.69% increase in the share price the next day.

Here's a look at Qualcomm's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 2.91 3.01 2.26 1.67
EPS Actual 3.21 3.23 2.55 1.92
Revenue Estimate 10.60B 10.42B 8.86B 7.55B
Revenue Actual 11.16B 10.70B 9.32B 8.00B

To track all earnings releases for Qualcomm VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.