Qualcomm CFO Overhauls Revenue Metrics as Business Shifts

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A Qualcomm exhibit at the Mobile World Congress in Shanghai last year. The company recently started reporting revenues for its handsets, Internet of Things, automotive and radio frequency front-end segments to give investors a better idea of the company’s direction.

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aly song/Reuters

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Nina Trentmann
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Nina Trentmann

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Nov. 18, 2020 9:30 am ET

Qualcomm Inc.

finance chief Akash Palkhiwala overhauled some of the chip giant’s revenue disclosures in the latest quarter, a move intended to reveal changes in the company’s business strategy to investors.

The San Diego-based company, which develops mobile technologies, for the first time broke out sales generated by its handsets and automotive businesses. It also provided figures for revenues from the Internet of Things segment, referring to connected devices, and the radio frequency front-end segment, which makes device panels for certain circuits.

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“It is meaningful to make a change like this when your business is evolving,” Mr. Palkhiwala said. “This will allow all of our investors to track progress outside of mobile phones,” he …

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