Recently, Qualcomm released its financial report for the first quarter of fiscal 2021 as of December 26, in which revenue expanded by 62% year-on-year and net profit raised by 165% year-on-year.
Although the numbers are very eye-catching, the stock price fell slightly after the market because the revenue was less than Wall Street’s estimate of $8.27 billion.
Qualcomm CEO Molenkov announced that revenue should have been higher, but he was helplessly encountering a supply chain shortage. Qualcomm President An Meng (who will become CEO after June 30) also noticed out that the shortage affects the entire industry.
According to the news, Qualcomm is blaming Samsung for its lack of stock. There is another point worth paying attention to in the financial report. At the end of last year, Qualcomm decided to change the details of the report.
It will declare the specific income of the four major sectors of the QCT business: mobile terminals, RF front-ends, autonomous driving, and IoT chips.
Specifically, in the Q1 financial report, mobile phone chip revenue reached US$4.21 billion, accounting for more than half of Qualcomm’s total revenue, achieving year-on-year growth of 79%.
The revenue of RF front-end chip devices has more than doubled. The total revenue of QCT business was 6.533 billion yuan, and the revenue of another large-scale licensing business (QTL) was 1.66 billion US dollars, an increase of 18% year-on-year.
(Via)
