- In 2018, Qualcomm reported revenue of $23 billion, serving as the baseline for the subsequent years.
- The company experienced a slight increase in revenue in 2019, reaching $24.27 billion. This represents modest year-over-year growth.
- In 2020, Qualcomm’s revenue saw a slight decline to $23.53 billion, indicating a minor decrease compared to the previous year.
- The company achieved substantial revenue growth in 2021, with total revenue reaching $33.56 billion. This marks a significant increase from 2020 and demonstrates strong financial performance.
- Qualcomm continued its upward trajectory in 2022, reporting its highest revenue during this period at $44.2 billion. This represents another year of substantial growth and the highest revenue figure in the five-year period.
- Handsets: The Handsets segment was the largest contributor to Qualcomm’s revenue in 2022, generating $25.027 billion. This indicates the significance of the handsets business to Qualcomm’s overall revenue for the year.
- RFFE (Radio Frequency Front-End): The RFFE segment contributed $4.33 billion to Qualcomm’s revenue in 2022. This segment, which includes products for radio frequency front-end solutions, was a notable source of revenue for the company.
- Automotive: The Automotive segment generated $1.372 billion in revenue for Qualcomm in 2022, highlighting the importance of the automotive market to Qualcomm’s business.
- IoT (Internet of Things): The IoT segment contributed significantly to Qualcomm’s overall revenue in 2022, generating $6.948 billion. This indicates the growing importance of IoT products and solutions to the company’s business.
- Licensing: The Licensing segment, which includes technology licensing and patent royalties, generated $6.358 billion in revenue for Qualcomm in 2022. This segment represents a substantial portion of the company’s business.
