Qualcomm announced a beat on its Q1 earnings. The tech giant appeared to be bouncing back from chip shortages and supply chain issues.

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Qualcomm Reports Q1 Earnings Beat, Bouncing Back From Supply Issues

But let's now move on to Qualcomm. They reported their first quarter earnings yesterday. So how did they do well baker qualcomm be on both the top and bottom lines. In its first quarter, the company posted an adjusted E. P. S. Of $3.23 versus a $3 in ascent estimates and revenue of 10.7 billion versus 10.42 billion estimated. Qualcomm also saw revenue from its chip technology segment coming in at $8.85 billion a 35% gain from a year ago. The company also appears to be slowly bouncing back from supply chain issues as well, and the company's ceo projecting some long term good news that Qualcomm's addressable market would be expanding by more than seven times To approximately 700 billion in the next decade.