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Qualcomm's latest quarterly net profit comes in at nearly US$1.8 billion

Qualcomm records a very profitable 2Q2021. (Source: Qualcomm)
Qualcomm records a very profitable 2Q2021. (Source: Qualcomm)
Qualcomm has now released its fiscal performance report for the second quarter of 2021 (2FQ2021). The OEM claims to have made a total of US$7.9 billion in terms of revenue, ~$1.8 billion of which is its net income. Most of this has come from its semiconductor-producing arm, which has posted a 137% growth in pre-tax earnings year-on-year (YoY).
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Qualcomm has informed its investors that it has made an impressive US$7.935 billion in the second quarter of its fiscal year (2FQ2021), which ended on March 28, 2021. This is a 52% increase YoY; however, the company's actual earnings before taxation were 256% greater YoY (at $2.129 billion, compared to $0.598 billion in 2FQ2020).

The vast majority of all this revenue - nearly 80%, in fact - was generated by Qualcomm's 'chipset' division QCT, with the rest coming from its QTL licensing arm. ~65% of QCT's total contribution (about $4 billion, or 53% more YoY) came from "handset" components, with the rest coming from sales of IoT- (~17%), RF front-end- (~14%) and automotive industry- (~4%) related silicon.

Given all the new phone launch events of late, this is hardly surprising. The apparent emergence of QCT's in-car business is also noteworthy: its revenues have increased by 40% YoY. Qualcomm also now anticipates that it will more or less maintain this success in the immediate future, projecting revenues of up to $7.9 billion (again) for 3FQ2021 with a similar breakdown of the same between QCT and QTL, and of earnings per share (EPS) of $1.35 to 1.55, whereas those of 2FQ2021 were $1.54.

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Deirdre O'Donnell
Deirdre O'Donnell - Senior Tech Writer - 4549 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.
contact me via: LinkedIn
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2021 04 > Qualcomm's latest quarterly net profit comes in at nearly US$1.8 billion
Deirdre O'Donnell, 2021-04-30 (Update: 2021-04-30)