QUALCOMM Incorporated vs Garmin Ltd.: Annual Revenue Growth Compared

Tech Giants' Revenue Growth: QUALCOMM vs. Garmin (2014-2023)

__timestamp	Garmin Ltd.	QUALCOMM Incorporated
Wednesday, January 1, 2014	2870658000	26487000000
Thursday, January 1, 2015	2820270000	25281000000
Friday, January 1, 2016	3018665000	23554000000
Sunday, January 1, 2017	3087004000	22291000000
Monday, January 1, 2018	3347444000	22732000000
Tuesday, January 1, 2019	3757505000	24273000000
Wednesday, January 1, 2020	4186573000	23531000000
Friday, January 1, 2021	4982795000	33566000000
Saturday, January 1, 2022	4860286000	44200000000
Sunday, January 1, 2023	5228252000	35820000000
Monday, January 1, 2024	6296903000	38962000000

Data in motion

A Tale of Two Tech Giants: Revenue Growth from 2014 to 2023

In the ever-evolving tech landscape, QUALCOMM Incorporated and Garmin Ltd. have carved distinct niches. Over the past decade, QUALCOMM's revenue has surged by approximately 35%, peaking in 2022 with a remarkable 44.2 billion USD. This growth underscores its dominance in the semiconductor industry, driven by innovations in mobile technology. Meanwhile, Garmin, a leader in GPS technology, has seen a steady revenue increase of around 82% since 2014, reaching 5.2 billion USD in 2023. This growth reflects its successful diversification into fitness and aviation markets.

Despite a dip in 2023 for QUALCOMM, the future looks promising with a projected rebound in 2024. Garmin's consistent upward trajectory highlights its resilience and adaptability. As these giants continue to innovate, their financial journeys offer valuable insights into the tech industry's dynamic nature.

Published by

U.S. Securities and Exchange Commission

Source link

sec.gov

Date published

28 Jan 2025