Qualcomm's revenue up 65% to $8.1B in Q3

Wednesday, 28. July 2021 22:00

Qualcomm Inc. said on Wednesday its revenue in the third quarter of its fiscal 2021 amounted to $8.1 billion, rising 65% year on year and topping analysts' estimates.

Diluted earnings per share (EPS) soared 139% to $1.77 and net income surged 140% to $2 billion.

"In addition to leading the 5G transition, we are on pace to deliver $10 billion of annual revenues across RF front-end, IoT and Automotive as our business continues to diversify," CEO Cristiano Amon stated.

Qualcomm shares jumped 2.41% in after-hours trading on better-than-expected results.

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