Key Insights on Gross Profit: QUALCOMM Incorporated vs Garmin Ltd.

QUALCOMM vs. Garmin: A Decade of Financial Growth

__timestamp	Garmin Ltd.	QUALCOMM Incorporated
Wednesday, January 1, 2014	1604412000	15801000000
Thursday, January 1, 2015	1538704000	14903000000
Friday, January 1, 2016	1679570000	13805000000
Sunday, January 1, 2017	1783164000	12499000000
Monday, January 1, 2018	1979719000	12488000000
Tuesday, January 1, 2019	2233976000	15674000000
Wednesday, January 1, 2020	2481336000	14276000000
Friday, January 1, 2021	2890459000	19304000000
Saturday, January 1, 2022	2806775000	25565000000
Sunday, January 1, 2023	3004955000	19951000000
Monday, January 1, 2024	3696555000	21902000000

Data in motion

A Decade of Gross Profit: QUALCOMM vs. Garmin

In the ever-evolving landscape of technology, the financial performance of industry giants like QUALCOMM Incorporated and Garmin Ltd. offers a fascinating glimpse into their strategic prowess. Over the past decade, QUALCOMM has consistently outperformed Garmin in terms of gross profit, with figures peaking at approximately $25.6 billion in 2022, a remarkable 60% increase from 2014. Garmin, while trailing, has shown steady growth, achieving a gross profit of around $3 billion in 2023, marking an 87% rise since 2014.

QUALCOMM's dominance is evident, yet Garmin's resilience and growth trajectory cannot be overlooked. The data from 2024 is incomplete, but the trends suggest a continued upward momentum for both companies. As the tech industry continues to innovate, these financial insights provide a valuable perspective on the competitive dynamics between these two leaders.

Published by

U.S. Securities and Exchange Commission

Source link

sec.gov

Date published

28 Jan 2025