NASDAQ$QCOM
Qualcomm Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Qualcomm's financial performance exceeded expectations, driven by revenue diversification and operating leverage.
Qualcomm announced its Q3 fiscal year 2021 results, reporting GAAP revenues of $8.1 billion and GAAP EPS of $1.77. The results exceeded the high end of the guidance range, highlighting continued revenue diversification and operating leverage.
- Revenues and EPS exceeded the high end of the guidance range.
- The company is on pace to deliver $10 billion of annual revenues across RF front-end, IoT, and Automotive.
- Solutions are fueling the connected intelligent edge, enabling the cloud economy.
- Unprecedented demand for Qualcomm's technologies is being seen as the pace of digital transformation accelerates.
Headline financials
Revenue & EPS history
Qualcomm · Revenue · Quarterly
$8.06B
Revenue by segment
Qualcomm · $1.49B total across 1 segment · Q3 2021
- QTL$1.49B—100.0%
Forward guidance
Qualcomm provided guidance for Q4 FY21, with revenue estimated between $8.4B - $9.2B and non-GAAP diluted EPS between $2.15 - $2.35.
Tailwinds
- Revenue guidance between $8.4B and $9.2B.
- QCT revenues are expected to be between $7.0B and $7.5B.
- QTL revenues are projected to be between $1.45B and $1.65B.
- GAAP diluted EPS is estimated between $1.78 and $1.98.
- Non-GAAP diluted EPS is projected between $2.15 and $2.35.
Headwinds
- Outlook does not include provisions for future asset impairments or pending legal matters.
- Certain income and expense items, such as certain investments, derivative and foreign currency transaction gains or losses, cannot be accurately forecast.
- Actual results may differ materially from the outlook.
- Guidance for diluted EPS attributable to other items is primarily attributable to acquisition-related items.
- Impact of COVID-19 pandemic and government policies could affect future results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
-0.5%
Avg return
Earnings day
+1.4%
Avg return
5 days after
+4.4%
Avg return
30 days after
47%
34 / 73 earnings
Positive
+17.2%
Q3 2020
Best reaction
-16.1%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -1.9% | +19.6% | +60.9% | |
| Q1 2026 | -8.5% | -5.9% | -8.9% | |
| Q4 2025 | +0.7% | -3.2% | -2.7% | |
| Q3 2025 | -7.7% | -7.8% | +1.0% | |
| Q2 2025 | -8.9% | -5.8% | -2.2% | |
| Q1 2025 | -3.7% | -2.2% | -8.3% | |
| Q4 2024 | +4.2% | +1.4% | -3.9% | |
| Q3 2024 | -1.8% | -5.4% | +5.0% | |
| Q2 2024 | +8.6% | +9.6% | +23.0% | |
| Q1 2024 | -3.3% | -1.3% | +11.7% | |
| Q4 2023 | +7.7% | +10.0% | +19.0% | |
| Q3 2023 | -10.1% | -9.6% | -12.6% | |
| Q2 2023 | -8.2% | -6.7% | -0.4% | |
| Q1 2023 | -2.5% | -1.3% | -10.7% | |
| Q4 2022 | -11.5% | -6.2% | +7.1% | |
| Q3 2022 | -2.3% | -1.7% | -7.7% | |
| Q2 2022 | +11.0% | +8.8% | +4.7% | |
| Q1 2022 | +1.1% | -1.2% | -8.4% | |
| Q4 2021 | +15.4% | +22.6% | +30.5% | |
| Q3 2021 | +7.1% | +5.6% | +2.8% | |
| Q2 2021 | +3.4% | -0.4% | -2.5% | |
| Q1 2021 | -10.2% | -10.6% | -21.3% | |
| Q4 2020 | +15.9% | +13.7% | +25.6% | |
| Q3 2020 | +17.2% | +19.8% | +29.3% | |
| Q2 2020 | +4.5% | +0.5% | +7.4% | |
| Q1 2020 | +1.9% | -0.4% | -12.9% | |
| Q4 2019 | +5.3% | +7.5% | -1.9% | |
| Q3 2019 | -4.8% | -8.0% | +4.0% | |
| Q2 2019 | +1.2% | +2.5% | -22.4% | |
| Q1 2019 | +0.2% | +0.6% | +9.7% | |
| Q4 2018 | -8.8% | -14.4% | -12.0% | |
| Q3 2018 | +8.0% | +5.4% | +14.1% | |
| Q2 2018 | +1.1% | +2.1% | +20.1% | |
| Q1 2018 | -0.3% | -7.9% | -3.4% | |
| Q4 2017 | +7.5% | +22.6% | +28.4% | |
| Q3 2017 | -4.1% | -5.5% | -7.8% | |
| Q2 2017 | -0.0% | +0.3% | +9.5% | |
| Q1 2017 | -1.7% | -2.5% | +4.0% | |
| Q4 2016 | -2.0% | +0.2% | -3.7% | |
| Q3 2016 | +8.7% | +10.1% | +13.8% | |
| Q2 2016 | -0.3% | — | — | |
| Q1 2016 | -10.2% | — | — | |
| Q4 2015 | -16.1% | — | — | |
| Q3 2015 | -5.2% | — | — | |
| Q2 2015 | -0.3% | — | — | |
| Q1 2015 | -11.3% | — | — | |
| Q4 2014 | -8.5% | — | — | |
| Q3 2014 | -6.6% | — | — | |
| Q2 2014 | -3.4% | — | — | |
| Q1 2014 | +1.8% | — | — | |
| Q4 2013 | -2.8% | — | — | |
| Q3 2013 | +1.8% | — | — | |
| Q2 2013 | -4.5% | — | — | |
| Q1 2013 | +4.1% | — | — | |
| Q4 2012 | +0.5% | — | — | |
| Q4 2011 | +0.5% | — | — | |
| Q3 2012 | +7.3% | — | — | |
| Q2 2012 | -6.9% | — | — | |
| Q1 2012 | +3.2% | — | — | |
| Q3 2011 | -0.1% | — | — | |
| Q2 2011 | +6.6% | — | — | |
| Q1 2011 | +0.3% | — | — | |
| Q4 2010 | +6.5% | — | — | |
| Q3 2010 | +6.4% | — | — | |
| Q2 2010 | -9.1% | — | — | |
| Q2 2009 | -13.7% | — | — | |
| Q1 2009 | -13.7% | — | — | |
| Q1 2010 | +0.3% | — | — | |
| Q4 2007 | +5.5% | — | — | |
| Q4 2009 | +5.5% | — | — | |
| Q3 2008 | -1.2% | — | — | |
| Q4 2008 | -1.2% | — | — | |
| Q3 2009 | -1.2% | — | — |
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