Qualcomm's revenue increases aren't quite keeping up with Nvidia, but the smartphone chipmaker did post impressive earnings growth. Qualcomm's revenue of $35.9 billion amounted to 35% growth over the trailing 12 months (ending Dec. But net income made up for increased expenses, surging 125% year or year to just under $9.8 billion. Operating expenses were up 27% compared to the year prior, from $5.9 billion in fiscal year 2021 to $7.4 billion in fiscal year 2022 (ended Jan. In the most recent fiscal year, Nvidia grew revenue by 61% year over year to $26.9 billion. Both metaverse-minded companies are in solid financial shape.
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