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Qualcomm Announces First Quarter Fiscal 2021 Results

GAAP: Revenues $8.2 billion; EPS $2.12

Non-GAAP: Revenues $8.2 billion; EPS $2.17

—Record Quarterly QCT Revenues and Earnings—

Qualcomm Incorporated (NASDAQ: QCOM) today announced results for its fiscal first quarter ended December 27, 2020.

“We delivered an exceptional quarter, more than doubling earnings year-over-year due to strong 5G demand in handsets and growth in our RF front-end, automotive and IoT adjacencies, which drove record earnings in our chip business,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “We remain well positioned as the 5G ramp continues and we extend our core technology roadmap to adjacent industries.

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