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 first quarter ended December 25, 2022. 'In a challenging environment, we delivered results consistent with guidance, including year-over-year growth in QCT Automotive and IoT,' said Cristiano Amon, President and CEO of Qualcomm Incorporated. 'The long-term trends driving demand for our differentiated technologies and solutions that enable digital transformation are intact. We are confident in our ability to navigate the near term and remain focused on executing our diversification strategy.'

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