Qualcomm beats with Q1 revenue of $10.7B vs $10.42B est., up 30% YoY, net income of $3.7B, up 47% YoY, and chip segment revenue of $8.8B, up 35% YoY (Kif Leswing/CNBC)

Qualcomm beats with Q1 revenue of $10.7B vs $10.42B est., up 30% YoY, net income of $3.7B, up 47% YoY, and chip segment revenue of $8.8B, up 35% YoY (Kif Leswing/CNBC)

Kif Leswing / CNBC:

Qualcomm beats with Q1 revenue of $10.7B vs $10.42B est., up 30% YoY, net income of $3.7B, up 47% YoY, and chip segment revenue of $8.8B, up 35% YoY  —  – Qualcomm reported first-quarter earnings Wednesday after the bell.  — Qualcomm’s chip business grew 35% driven by handset chip sales.