Qualcomm announces its first-quarter earnings for 2020
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.