QUALCOMM (QCOM) Revenue — Quarter Ended Mar 26, 2023
Revenue declined for the quarter. The decrease continued a downward trend, with the latest figure lower than both the prior quarter and the same quarter last year.
Key takeaway
Quarter ended Mar 26, 2023 · FY2023 Q2
Revenue declined for the quarter. The decrease continued a downward trend, with the latest figure lower than both the prior quarter and the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$9.3B
Revenue reported for this quarter.
Quarter-over-quarter
-2.0%
Change from the immediately preceding quarter.
Year-over-year
-16.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$41.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 26, 2022 | $10.9B | +35.7% |
| Sep 25, 2022 | $11.4B | +22.1% |
| Dec 25, 2022 | $9.5B | -11.6% |
| Mar 26, 2023 | $9.3B | -16.9% |
Revenue performance
The reported revenue moved lower, reflecting a sequential decline. The decline was more pronounced when measured against the same quarter one year earlier, showing a steeper downturn on an annual basis.
Quarterly comparison
Compared with the immediately preceding quarter, revenue fell slightly. Relative to the same quarter one year prior, the decrease was substantially larger, indicating a sharper contraction year over year.
What to watch
The filing notes that a significant portion of revenues comes from a small number of customers and licensees, particularly from premium tier devices.