Profit Plummets by 52%! Qualcomm Releases Latest Financial Report Quarterly Revenue of 604 Billion

Profit drops 52% as per Qualcomm's latest financial report, with quarterly revenue at 604 billion

【Phoneauto News】Recently, Phoneauto noticed that Qualcomm has released its latest financial report for the third quarter of the 2023 fiscal year (fiscal year is not the same as calendar year). The data shows that in the third quarter of the 2023 fiscal year, Qualcomm’s total revenue was $8.451 billion (approximately RMB 40.6 billion), a decrease of about 23% compared to the third quarter of the 2022 fiscal year. At the same time, Qualcomm’s net profit was $1.803 billion (approximately RMB 13 billion), a decrease of about 52% compared to the third quarter of the 2022 fiscal year.

Currently, Qualcomm’s main revenue comes from the QCT division, which includes chips used in smartphones, cars, and other smart devices. Among them, we are familiar with various Qualcomm Snapdragon mobile platforms that are often seen on smartphones. In the third quarter of the 2023 fiscal year, the revenue of Qualcomm’s QCT division was $7.174 billion (approximately RMB 51.59 billion), a decrease of about 24% compared to the third quarter of the 2022 fiscal year. Among them, the revenue from smartphone chips was $5.26 billion (approximately RMB 37.8 billion), a decrease of about 25% compared to the third quarter of the 2022 fiscal year. In addition, the QTL division, which is mainly responsible for Qualcomm’s licensing, had revenue of $1.23 billion (approximately RMB 8.845 billion), a decrease of about 19% compared to the third quarter of the 2022 fiscal year.

It is worth mentioning that the performance of the Samsung Galaxy S24 Plus, which is equipped with the Qualcomm Snapdragon 8 Gen 3 mobile platform, has been exposed. The benchmark scores on the Geekbench 5 platform for this device are 2233 for single-core and 6661 for multi-core. Compared to the previous generation Snapdragon 8 Gen 2, the Snapdragon 8 Gen 3 has achieved a 10% increase in single-core performance and a 20% increase in multi-core performance.

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