QUALCOMM (QCOM) Revenue — Quarter Ended Jun 25, 2023
Revenue declined in the current quarter compared to the prior quarter and decreased significantly from the same period one year ago.
Key takeaway
Quarter ended Jun 25, 2023 · FY2023 Q3
Revenue declined in the current quarter compared to the prior quarter and decreased significantly from the same period one year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$8.5B
Revenue reported for this quarter.
Quarter-over-quarter
-8.9%
Change from the immediately preceding quarter.
Year-over-year
-22.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$38.6B
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 |
|---|---|---|
| Sep 25, 2022 | $11.4B | +22.1% |
| Dec 25, 2022 | $9.5B | -11.6% |
| Mar 26, 2023 | $9.3B | -16.9% |
| Jun 25, 2023 | $8.5B | -22.7% |
Revenue performance
The reported revenue for the quarter was lower than the immediately preceding quarter and also lower than the same quarter in the prior year.
Quarterly comparison
Compared to the previous quarter, revenue decreased; compared to the same quarter a year earlier, the decline was larger.
What to watch
Revenue has now declined for three consecutive quarters based on the trend data.