Qualcomm's second-quarter revenue increased by 1% year-on-year, and its net profit increased by 37% year-on-year

According to Qualcomm's second quarter financial report for fiscal year 2024, the company's revenue was US$9.39 billion, a year-on-year increase of 1%, higher than the market expectation of US$9.32 billion. At the same time, the company's net profit was US$2.326 billion, a year-on-year increase of 37%. This performance caused Qualcomm's stock price to rise sharply in after-hours trading.