Press Release

Qualcomm Announces Third Quarter Fiscal 2020 Results

Revenues $4.9 billion
GAAP EPS $0.74, Non-GAAP EPS $0.86
—EPS Exceeded High End of Guidance Range—
—Resolved Dispute with Huawei and Signed a New License Agreement—

Jul 29, 2020SAN DIEGO

Qualcomm products mentioned within this press release are offered by Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm Incorporated (NASDAQ: QCOM) today announced results for its fiscal third quarter ended June 28, 2020.

“As 5G continues to roll out, we are realizing the benefits of the investments we have made in building the most extensive licensing program in mobile and are turning the technical challenges of 5G into leadership opportunities and commercial wins,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “We delivered earnings above the high end of our range, continued to execute in our product and licensing businesses and entered into a new long-term patent license agreement with Huawei, all of which position us well for the balance of 2020 and beyond.”

 

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