On Wednesday, April 27th EST, the world's leading wireless technology innovator $Qualcomm (QCOM.US)$After the US stock market, QCOM announced its financial report for the second quarter of fiscal year 2022 ending March 27, 2022. Both the revenue for the second fiscal quarter and the outlook for the third fiscal quarter exceeded analysts' expectations. This was also the sixth consecutive quarter in which its revenue exceeded expectations, mainly due to growth in its four major chip markets.
Qualcomm's US stock closed up 1.2% on Wednesday, boosted by favorable earnings reports, and surged 8.0% after the market. Since the beginning of the year, Qualcomm's cumulative decline has been about 27%.
Let's take a look at the core financial data in detail:
The adjusted EPS for the second fiscal quarter was $3.21, and analysts expected $2.93, up 69% year over year.
Adjusted revenue for the second fiscal quarter was $11.16 billion, and analysts expected $10.6 billion, up 41% year over year.
The adjusted EPS for the fiscal third quarter is expected to be $2.75 to $2.95, and analysts expect $2.60.
Sales for the fiscal third quarter are expected to be $10.9 billion, and analysts expect $9.98 billion.
Let's take a look at the specific business segments:
The chip business QCT reported sales of US$9.55 billion, and analysts expected US$8.86 billion, an increase of 52% over the previous year.
The revenue of the technology licensing division QTL reached $1.58 billion, and analysts expected $1.55 billion, down 2% year over year.
Most of Qualcomm's revenue comes from selling smart hands...