Qualcomm Q1 Highlights: Double Beat, Record Revenue, AI Momentum 'Growing'

Technology giant Qualcomm Inc (NASDAQ:QCOM) reported first-quarter financial results on Wednesday after market close.Here are the key highlights.Qualcomm Q1 EarningsQualcomm reported record quarterly revenue with first-quarter total revenue of $12.25 billion, up 5% year-over-year. The revenue beat a Street consensus estimate of $12.18 billion according to data from Benzinga Pro.QCT revenue was a record $10.61 billion in the quarter, up 5% year-over-year. QTL revenue was $1.59 billion in the quarter, up 4% y ...