$Qualcomm(QCOM.US)First take: The company's revenue and profit performance this quarter both exceeded market expectations. The core business of the company showed varying degrees of growth, with the mobile business recovering as expected, while the automotive and IoT businesses performed better than expected this quarter. Although R&D expenses, sales, and other expenses also increased, the overall profit of the company continued to rise driven by revenue and gross margin growth.

In the next quarter, driven by the launch of new products, it is usually the company's peak season. From the company's guidance for the next quarter, it is expected that revenue will be between $10.5 billion and $11.3 billion (market expectation is $10.55 billion) and adjusted profit will be between $2.89 and $3.05 per share (market expectation is $2.81). The company's revenue and profit outlook for the next quarter continues to be positive, with both showing better-than-expected performance. As the downstream market gradually recovers, the company's operations have also emerged from the trough.