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Qualcomm posts its final-quarter and fiscal results for 2020

Qualcomm's 5G-heavy business model may have paid off in 2020. (Source: Qualcomm)
Qualcomm's 5G-heavy business model may have paid off in 2020. (Source: Qualcomm)
Qualcomm concluded its latest fiscal year (FY) on September 27, 2020. As a result, it has now revealed that it made approximately US$23.5 billion in this year, about $8.4 billion of which came from its fourth quarter. The company attributed this success to its focus on 5G hardware and expertise.
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Qualcomm has reported end-of-fiscal-2020 revenues of US$23.9 billion, or 3% more compared to those of 2019. $8.35 billion of this was made in the year's final quarter, or an impressive 73% year-on-year (YoY). The company's CEO, Steve Mollenkopf, attributed this "exceptional" growth to its all-in attitude to 5G.

This OEM has indeed contributed a healthy proportion of the mobile chipsets capable of using this new radio standard in 2020. They include the Snapdragon 865 and 865+, which made all flagship phones equipped with them 5G by default, not to mention the nearly-ubiquitous mid-range 765G.

As a result, QCT (the division of Qualcomm responsible for this hardware) posted fiscal 2020 revenues of $16.5 billion, or 13% YoY, even though it shipped 12% fewer chipsets YoY (575 million, compared to 650 million in FY2019).

These results also meant that the company was able to pay dividends of $2.54 per share in 2020. Nevertheless, it intends to diversify its focus in 2021 into other areas of its business, including RF front-end (RFFE) modules for modems, chipsets for the automotive industry and internet-of-things (IoT) components.

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Deirdre O'Donnell
Deirdre O'Donnell - Senior Tech Writer - 4508 articles published on Notebookcheck since 2018
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.
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2020 11 > Qualcomm posts its final-quarter and fiscal results for 2020
Deirdre O'Donnell, 2020-11- 7 (Update: 2020-11- 7)