Earnings release
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FOR IMMEDIATE RELEASE Qualcomm Announces Third Quarter Fiscal 2021 Results GAAP Revenues $ 8.1 billion GAAP EPS $ 1.77 , Non - GAAP EPS $ 1.92 -Revenues and EPS Exceeded High End of Guidance Range -Results Highlight Continued Revenue Diversification and Operating Leverage SAN DIEGO - July 28 , 2021 - Qualcomm Incorporated ( NASDAQ : QCOM ) today announced results for its fiscal third quarter ended June 27 , 2021 . " In addition to leading the 5G transition , we are on pace to deliver $ 10 billion of annual revenues across RF front - end , IoT and Automotive as our business continues to diversify , " said Cristiano Amon , President and CEO of Qualcomm Incorporated . " Our solutions are fueling the connected intelligent edge that is enabling the cloud economy , and we are seeing unprecedented demand for our technologies as the pace of digital transformation accelerates . " Third Quarter Results ¹ ( in millions , except per share data and percentages ) Revenues Earnings before taxes ( EBT ) Net income Diluted earnings per share ( EPS ) ( in millions , except percentages ) Revenues EBT Q3 Fiscal 2021 $ 8,060 $ 2,257 $ 2,027 $ 1.77 EBT as % of revenues Qualcomm Contact : Mauricio Lopez - Hodoyan Vice President , Investor Relations Phone : 1-858-658-4813 | e - mail : ir@qualcomm.com GAAP Q3 Fiscal 2020 $ 4,893 $ 868 $ 845 $ 0.74 QCT Q3 Fiscal Q3 Fiscal 2021 2020 $ 6,472 $ 1,795 28 % $ 3,807 $ 603 16 % Change + 65 % + 160 % + 140 % + 139 % ( 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 Q3 Fiscal 2021 $ 7,995 $ 2,545 $ 2,200 $ 1.92 Change + 70 % + 198 % +12 points Non - GAAP Q3 Fiscal 2020 Q3 Fiscal 2021 $ 1,489 $ 1,053 71 % $ 4,890 $ 1,104 $ 982 $ 0.86 QTL Q3 Fiscal 2020 Change + 63 % + 131 % + 124 % + 123 % $ 1,044 $ 646 62 % Change + 43 % + 63 % +9 points