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The above graph represents the Qualcomm net income by quarter, starting from fiscal Q1 1996 to Q3 2020. During the third quarter of fiscal 2020, the company reported $845 million in net profit, with a strong decline of 60.7% YoY. This was the fourth consecutive quarter when the company recorded a year-over-year decline in its net income.
Growth in Qualcomm Quarterly Net Income
|Source||Qualcomm SEC Filings|
|Note||Qualcomm fiscal year starts from October 1st|
During fiscal Q3 2014, Qualcomm quarterly net profit surged 41.6% YoY, to an all-time high of $2,238 million, worldwide.
In contrast, the company incurred a net loss of $5,953 million during fiscal Q1 2018, as against a net profit of $682 million the company reported a year-ago period.
It is important to note that Qualcomm achieved its first $2 billion net profit milestone in fiscal Q2 2012. The company recorded an astonishing 123.2% YoY during the second quarter, to $2,230 million ($2.2 billion), worldwide.
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