Qualcomm

Qualcomm (QCOM) reported fiscal Q4 non-GAAP earnings late Wednesday of $2.02 per diluted share, down from $3.13 a year earlier. Analysts polled by Capital IQ expected $1.91. Revenue for the quarter ended Sept. 24 was $8.63 billion, down from $11.40 billion a year earlier. Analysts surveyed by Capital IQ expected $8.52 billion. The company said it expects fiscal Q1 non-GAAP EPS of $2.25 to $2.45. Analysts surveyed by Capital IQ are looking for $2.23. Revenue for the first fiscal quarter is projected to be $9.1 billion to $9.9 billion, the company said. Analysts polled by Capital IQ are expecting $9.19 billion.

Qualcomm (NASDAQ:QCOM) reported fiscal Q3 non-GAAP earnings  of $1.87 per diluted share, down from $2.96 a year earlier. Analysts polled by Capital IQ expected $1.81. Revenue for the quarter ended June 25 was $8.45 billion, down from $10.94 billion a year earlier. Analysts surveyed by Capital IQ expected $8.51 billion. The company said it expects fiscal Q4 non-GAAP EPS of $1.80 to $2. Analysts surveyed by Capital IQ are looking for $1.91. Revenue for the quarter is projected to be $8.1 billion to $8.9 billion, the company said. Analysts polled by Capital IQ are expecting $8.74 billion.

Qualcomm (NASDAQ:QCOM) President and CEO Amon said that the intelligent connected edge market has great potential. Over the next decade, the addressable market value is expected to increase sevenfold to $700 billion. From smartphones and wearables to tablets, PCs and extended reality (XR) terminals, from edge networks and automotive to industrial IoT for a wide range of use cases, Qualcomm is at the center of the vast opportunities presented by the intelligent connected edge.