June 25, 2022

What you need to know

  • Qualcomm released its fiscal Q2 2022 financial earnings on Wednesday.
  • The company reported another record quarter with more than $11 billion in revenue.
  • Qualcomm attributed its growth to the increased demand and more prominent Snapdragon presence in the Galaxy S22 series.

Qualcomm continues to prove that its strategy is working as the company announces another record quarter on Wednesday. The chipmaker’s fiscal Q2 2022 shows a revenue of $11.2 billion, which likely had some help from Samsung and the Galaxy S22 series.

Compared to the same period last year, Qualcomm’s revenue grew 41% while also topping the previous quarter’s record of $10.7 billion.