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

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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