The shares rose 10% in extended trading at one point before falling to a gain of about 4%.
Here's how the company did versus Refinitiv consensus expectations for the quarter ending Sept. 29:
Earnings per share: $2.69, adjusted $2.56 expected
Revenue: $10.24 billion versus $9.90 billion expected
Qualcomm said it expects revenue in the current quarter of between $10.5 billion and $11.3 billion, with the midpoint of that range beating LSEG consensus expectations of $10.59 billion.