Qualcomm's Q2 revenue at $7.9B, up 52% YoY

Wednesday, 28. April 2021 22:02

Qualcomm Inc.'s revenue in the second fiscal quarter of 2021 surged by 52% compared to the same period a year prior to reach $7.9 billion, the company announced on Wednesday.

During the year's second trimester, the company's net income skyrocketed 276% versus Q2 2020 to stand at $1.8 billion, or $1.53 per diluted share.

"Demonstrating the strength of our strategy and our success in execution, we delivered another quarter of year-over-year growth driven by sustained demand for smartphones globally and our ability to increase the scale of our non-handset revenues," Qualcomm CEO Steve Mollenkopf commented.

The company's shares soared 5.1% in the after-hours trading upon the release of the report.

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