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FOR IMMEDIATE RELEASE SAN DIEGO - February 3 , 2021 - Qualcomm Incorporated ( NASDAQ : QCOM ) today announced results for its fiscal first quarter ended December 27 , 2020 . " We delivered an exceptional quarter , more than doubling eamings year - over - year due to strong 5G dem and in handsets and growth in our RF front - end , automotive and IoT adjacencies , which drove record earnings in our chip business , " said Steve Mollenkopf , CEO of Qualcomm Incorporated . " We remain well positioned as the 5G ramp continues and we extend our core technology roadmap to adjacent industries . " 1 First Quarter Results ¹ Qualcomm Announces First Quarter Fiscal 2021 Results GAAP : Revenues $ 8.2 billion ; EPS $ 2.12 Non - GAAP : Revenues $ 8.2 billion ; EPS $ 2.17 -Record Quarterly QCT Revenues and Earnings ( in millions , except per share data and percentages ) Segment Results ( in millions , except percentages ) Revenues EBT EBT as % of revenues N / M : Not meaningful Q1 Fiscal 2021 $ 8,235 $ 2,604 $ 2,455 $ 2.12 Qualcomm Contact : Mauricio Lopez - Hodoyan Vice President , Investor Relations Phone : 1-858-658-4813 | e - mail : ir@qualcomm.com GAAP Q1 Fiscal 2020 $ 5,077 $ 947 $ 925 $ 0.80 Revenues Earnings before taxes ( EBT ) Net income Diluted earnings per share ( EPS ) ( 1 ) Discussion regarding our use of Non - GAAP financial measures and reconciliations between GAAP and Non - GAAP results are included at the end of this news release . Q1 Fiscal 2021 $ 6,533 $ 1,919 29 % QCT Q1 Fiscal 2020 $ 3,618 $ 479 13 % Q1 Fiscal 2021 Change + 62 % $ 8,226 + 175 % $ 2,912 + 165 % $ 2,510 + 165 % $ 2.17 Non - GAAP Q1 Fiscal 2020 $ 5,057 $ 1,334 $ 1,151 $ 0.99 Change + 81 % N / M + 16 points Change + 63 % + 118 % + 118 % + 119 % QTL Q1 Fiscal Q1 Fiscal 2021 2020 $ 1,660 $ 1,404 $ 1,270 $ 1,017 77 % 72 % Change + 18 % + 25 % +5 points