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Qualcomm announces Q2 fiscal 2021 results

Qualcomm Incorporated today announced results for its fiscal second quarter ended March 28, 2021.

“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,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “Looking ahead, Qualcomm is well positioned for continued growth, and we remain confident in our ability to execute on the many opportunities in front of us. I am extremely honored and proud to have led Qualcomm for the past seven years and am confident in the Company’s ability to extend its position as a leader in wireless technologies under Cristiano’s leadership.”

Second Quarter results

Segment results

QCT Revenue Streams

We disaggregate QCT revenues based on industry segment and application in which our products are sold.

Return of Capital to Stockholders

During the second quarter of fiscal 2021, we returned $2.3 billion to stockholders, including $734 million, or $0.65 per share, of cash dividends paid and $1.5 billion through repurchases of 11 million shares of common stock.

Business Outlook

The following statements are forward looking, and actual results may differ materially. The “Note Regarding Forward-Looking Statements” in this news release provides a description of certain risks that we face, and our most recent quarterly report on file with the Securities and Exchange Commission (SEC) provides a more complete description of our risks.

The following table summarizes GAAP and Non-GAAP guidance based on the current outlook.
CT Bureau

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