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FOR IMMEDIATE RELEASE Qualcomm Contact : Mauricio Lopez - Hodoyan Vice President , Investor Relations Phone : 1-858-658-4813 | e - mail : ir@qualcomm.com Qualcomm Announces Second Quarter Fiscal 2021 Results Revenues $ 7.9 billion GAAP EPS $ 1.53 , Non - GAAP EPS $ 1.90 -EPS Exceeded High End of Guidance Range— SAN DIEGO - April 28 , 2021 - Qualcomm Incorporated ( NASDAQ : QCOM ) 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 . ” 1 Second Quarter Results ¹ ( in millions , except per share data and percentages ) Q2 Fiscal GAAP Q2 Fiscal Non - GAAP Q2 Fiscal Q2 Fiscal 2021 2020 Change 2021 2020 Change Revenues $ 7,935 $ 5,216 + 52 % $ 7,925 $ 5,206 + 52 % Earnings before taxes ( EBT ) $ 2,129 $ 598 + 256 % $ 2,527 $ 1,185 + 113 % Net income $ 1,762 $ 468 + 276 % $ 2,185 $ 1,015 + 115 % Diluted earnings per share ( EPS ) $ 1.53 $ 0.41 + 273 % $ 1.90 $ 0.88 + 116 % ( 1 ) Discussion regarding our use of Non - GAAP financial measures and reconciliations between GAAP and Non - GAAP results , as well as information that should be considered in regard to year - over - year comparisons , are included at the end of this news release in the section labeled " Reconciliations of GAAP Results to Non - GAAP Results . " Segment Results Q2 Fiscal QCT Q2 Fiscal ( in millions , except percentages ) 2021 2020 Change Q2 Fiscal 2021 QTL Q2 Fiscal 2020 Change Revenues $ 6,281 $ 4,100 + 53 % $ 1,614 $ 1,072 + 51 % EBT $ 1,584 $ 667 + 137 % $ 1,191 $ 671 + 77 % EBT as % of revenues 25 % 16 % +9 points 74 % 63 % +11 points