QUALCOMM Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended March 24, 2024
May 01, 2024 at 04:07 pm EDT
Share
QUALCOMM Incorporated reported earnings results for the second quarter and six months ended March 24, 2024. For the second quarter, the company reported revenue was USD 9,389 million compared to USD 9,275 million a year ago. Net income was USD 2,326 million compared to USD 1,704 million a year ago. Basic earnings per share from continuing operations was USD 2.03 compared to USD 1.53 a year ago. Diluted earnings per share from continuing operations was USD 2.02 compared to USD 1.52 a year ago. Basic earnings per share was USD 2.08 compared to USD 1.53 a year ago. Diluted earnings per share was USD 2.06 compared to USD 1.52 a year ago.
For the six months, revenue was USD 19,325 million compared to USD 18,738 million a year ago. Net income was USD 5,093 million compared to USD 3,939 million a year ago. Basic earnings per share from continuing operations was USD 4.55 compared to USD 3.55 a year ago. Diluted earnings per share from continuing operations was USD 4.5 compared to USD 3.52 a year ago. Basic earnings per share was USD 4.56 compared to USD 3.52 a year ago. Diluted earnings per share was USD 4.51 compared to USD 3.49 a year ago.
Qualcomm, Inc. specializes in the design, development, and marketing of CMDA systems and software. The CDMA technique consists of using a broad spectrum to broadcast code transmissions on numerous mobile communication frequencies. Net sales break down by activity as follows:
- sale of communication systems (83.8%): CDMA systems (integrated circuits, software and systems for wireless voice and data transmission, as well as multimedia functions), and wireless communication and Internet access systems (products intended for data transmission, satellite communications, decrypting activities, etc.);
- sale of licenses (16.2%): intended for manufacturers using CDMA technologies.
Net sales are distributed geographically as follows: the United States (3.3%), China and Hong Kong (63.6%), Vietnam (13.7%), South Korea (7.2%) and other (12.2%).
QUALCOMM, INC. 
