Qualcomm (QCOM) reported fiscal Q1 adjusted earnings late Wednesday of $3.50 per diluted share, up from $3.41 a year earlier.

Analysts polled by FactSet expected $3.39.

Revenue for the three months ended Dec. 28 was $12.25 billion, up from $11.67 billion a year earlier.

Analysts surveyed by FactSet expected $12.13 billion.

For Q2, the company expects adjusted EPS of $2.45 to $2.65 on revenue of $10.20 billion to $11 billion. Analysts expect EPS of $2.90 on revenue of $11.11 billion.