Qualcomm Q3 FY2023 revenue down 23% YoY to $8.5B; GAAP EPS $1.60

QUALCOMM INC/DE

2023-Q3 EPS reported $5.10 revenue$27,189,000,000

GAAP revenue $8.45B, down 23% YoY; GAAP net income $1.80B, down 52%; GAAP EPS $1.60.
Non-GAAP EPS $1.87 exceeded midpoint of guidance; Non-GAAP net income $2.11B.
QCT Automotive 11th straight quarter of double-digit YoY revenue growth.
CEO cites on-device AI potential and design-win momentum for long-term diversification.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

QUALCOMM INC/DE reported third quarter of fiscal 2023 results: revenue $8,451, net income $1,803, EPS $1.60.

Period: third quarter of fiscal 2023
Revenue: $8,451
Net income: $1,803
EPS: $1.60
Result: reported results

Exact text from the filing

Third Quarter Results 1, 2 GAAP Non-GAAP (in millions, except per share data and percentages) Q3 Fiscal 2023 Q3 Fiscal 2022 Change Q3 Fiscal 2023 Q3 Fiscal 2022 Change Revenues $8,451 $10,936 (23%) $8,442 $10,928 (23%) Earnings before taxes (EBT) $1,757 $4,239 (59%) $2,430 $3,894 (38%) Net income $1,803 $3,730 (52%) $2,105 $3,356 (37%) Diluted earnings per

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Source: SEC EDGAR

accession 0000804328-23-000042

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