TECH - Qualcomm Q2 Earnings Highlights: Revenue Beat EPS Beat Record Automotive Results On-Device AI Growth | Benzinga
Technology company Qualcomm Inc (NASDAQ:QCOM) reported second-quarter financial results after the market close Wednesday.
Qualcomm’s Q2 Report: Qualcomm reported non-GAAP revenue of $9.39 billion, up 1% year-over-year. The revenue total beat a Street consensus estimate of $9.34 billion, according to data from Benzinga Pro.
QCT segment revenue was $8.03 billion, up 1% year-over-year. QTL segment revenue was $1.32 billion, up 2% year-over-year.
Under the QCT segment, the following segments were broken out.
Handsets: $6.18 billion, up 1% year-over-year
Automotive: $603 million, up 35% year-over-year
IoT: $1.24 billion, -11% year-over-year
The company's automotive revenue set a quarterly record for the company. The pipeline of new automotive design wins stands at around $45 billion.
Qualcomm reported earnings per share of ...