Qualcomm announces its first-quarter earnings for 2020

Qualcomm reports its 1Q2020 earnings. Source: Qualcomm
Qualcomm reports its 1Q2020 earnings. Source: Qualcomm
Qualcomm has released its first earnings report for the year 2020. The quarter (1Q2020) saw no less than US$5.1 billion in revenue for the chipmaking giant. This is a 5% improvement compared to 1Q2019. In addition, the company's latest pre-tax earnings saw a year-on-year increase of 69%.
Deirdre O Donnell,

Qualcomm has reported its latest first-quarter earnings. It ended in December 2019, although it is in fact part of the 2020 fiscal year. The company declared adjusted revenues of US$5.077 billion for this period, whereas it earned $4.8 billion (or 5% less) in 1Q2019.

These revenues are derived from either Qualcomm's telecomms (QCT) or technology licensing (QTL) arms, with about $3.6 billion coming from the former and $1.4 billion from the latter. The silicon giant also documented earnings before tax of $0.9 billion, or 69% more compared to 1Q2019.

It wasn't all such positive news for Qualcomm in this quarter: it also reported that shipments of its mobile-platform (as in the Snapdragon series and so on) chipsets were 155 million, a 31 million drop year-on-year. However, this did not stop it paying about $710 million in dividends to its shareholders in 2019.


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Deirdre O Donnell, 2020-02- 6 (Update: 2020-02- 7)
Deirdre O'Donnell
I became a professional writer and editor shortly after graduation. My degrees are in biomedical sciences; however, they led to some experience in the biotech area, which convinced me of its potential to revolutionize our health, environment and lives in general. This developed into an all-consuming interest in more aspects of tech over time: I can never write enough on the latest electronics, gadgets and innovations. My other interests include imaging, astronomy, and streaming all the things. Oh, and coffee.