Qualcomm Reports Record Revenues

Mobile chipset giant Qualcomm reported that it earned a net income of $2.9 billion on revenues of $11 billion for the quarter ending March 27. That latter figure is a record, and an incredible 41 percent increase over the same quarter one year earlier.

“We are pleased to announce another quarter of record revenues, reflecting the successful execution of our growth and diversification strategy and strong demand for our wireless and high-performance, low-power processor technologies across multiple industries,” Qualcomm president and CEO Cristiano Amon said. “We are well-positioned to meet our long-term targets and enable the connected intelligent edge.”

The vast majority of Qualcomm’s revenues in the quarter, or $9.6 billion, came from chipset sales. This was divided into chipset sales to handset makers ($6.3 billion), RF front-end ($1.2 billion), automotive ($339 million), and Internet of Things (IoT, $1.7 billion). The remainder, or $1.6 billion, came from technology licensing.

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Conversation 3 comments

  • bluvg

    28 April, 2022 - 12:22 pm

    <p>Good article on Tom’s Hardware about Qualcomm’s Nuvia tech today: they’re "<span style="background-color: rgb(255, 255, 255); color: rgb(51, 51, 51);">going after the performance tier… development is on track, and we expect to have that in late 2023" (i.e. Windows laptops).</span></p>

    • Dan

      28 April, 2022 - 6:07 pm

      <p>Availability in 2023 with products released in 2024. With Qualcomm discontiuning support for them in 2026. And the 2024 product will maybe match the M1 in performance. Skating to where to the puck was. </p><p><br></p><p>Good job Qualcomm!</p>

      • bluvg

        28 April, 2022 - 6:47 pm

        <p>Maybe so, but we don’t know that. Nuvia is made of people that came from the Apple silicon side. It’d be rather silly to assume they’re simply aiming for where Apple is today. </p>

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