– Qualcomm reported fiscal second-quarter earnings exceeding Wall Street expectations.

– Qualcomm reported fiscal second-quarter earnings exceeding Wall Street expectations.

– Revenue for the quarter ended March 24 was $9.39 billion, surpassing the expected $9.34 billion.

– Net income for the quarter was $2.33 billion, or $2.06 per share, compared to $1.7 billion, or $1.52 per share, in the same period last year.

– Qualcomm provided a strong sales forecast of between $8.8 billion and $9.6 billion for the current quarter, higher than analysts' expectations.

– Handset sales rose by 1% year over year to$6.18 billion, indicating  potential recovery in the smartphone market.

– The company highlighted strong demand for "premium tier" smartphones, especially in China, with quarterly revenue from Chinese phone makers increasing by 40%.

– Qualcomm's automotive business saw a 35% year-over-year growth, while its Internet of Things business experienced an 11% decline.

– The company's chip business (QCT) saw a 1% year-over-year sales increase to $8.03 billion.

– Qualcomm's licensing business (QTL), which collects fees from companies integrating 5G or cellular technology, increased by 2% to $1.32 billion.

– Qualcomm paid $895 million in dividends and repurchased $731 million in shares during the quarter, and raised its quarterly dividend to 85 cents from 80 cents previously.