Earnings

November 3, 2021

All Sunshine for Qualcomm ☀️

American semiconductors company Qualcomm boasted about its latest quarterly earnings today. The company also flexed that there’s even more good ahead from its guidance. 💪

Qualcomm reported net income of $2.8 billion (EPS of $2.55/share) on its $9.3 billion in revenue. The company’s revenue for Fiscal 2021 is up 43% YoY. Both figures bested analysts’ best guesses by double-digits. 👌

Qualcomm’s success suggests that it is mostly unaffected by the ongoing semi shortage, which has altered pricing and product availability at competitors such as Taiwan Semiconductor and Samsung. Both are almost universally relied upon by tech leaders like Apple, Intel, and AMD. 

Qualcomm’s niche might just be somewhat sheltered from pervasive problems within the semi industry. Qualcomm can thank its diversification efforts — revenue from handsets, antennas, and internet of things (IoT) — for that. In many cases, each segment of its business is using different fabs, allowing the company to keep its capacity open and sustain supply.

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