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Qualcomm’s quarterlies meet expectations, but lower guidance ahead

November 3, 2022

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Qualcomm on Wednesday reported Q4 results in line with Wall Street consensus estimates: The company recorded adjusted earnings per share (EPS) of $3.13, with $11.39 billion in adjusted revenue. Revenue grew 22% year over year. Qualcomm predicted adjusted earnings of $2.35 per share for the current quarter, sharply below Wall Street consensus of $3.43 and well off its Q1 ’23 earnings of $3.23 per share on $10.7 billion in revenue.

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