QualcommEarnings
Latest
Qualcomm Q3 2012 earnings show revenue ($4.63b) and profit ($1.21b) up sharply over last year
Qualcomm is reporting its financial numbers for the last quarter and has been the trend, it's a good time to be everywhere in the wireless business. Continued strong demand for 3G and 4G-connected hardware is keeping sales high, driving "strong year-over-year growth" according to CEO Dr. Paul E. Jacobs, contributing to a bottom line of $4.63 billion in revenue and net income of $1.21 billion. The company's MSM (mobile station modem) chipsets continue to be the main contributor with 141 million units sold, also up yearly by 18 percent but down 7 percent from Q2, with reported device sales following the same pattern at $47.8 billion. About that slight drop from last quarter, the Doctor continues by saying the company expects demand to be back-loaded as "new devices" are launched for the holiday season. With that in mind, it's ramping up production for 28nm Snapdragon S4 chipsets, a move that reportedly has required help from Samsung and UMC. With the next iPhone, new Android Jelly Bean hardware, Windows Phone 8 / Windows 8 devices and much more expected to arrive soon, we'll keep the old money-flying-at-Qualcomm's-HQ graphic close by. For more details, hit the source link for the PDF or read the press release after the break.
Qualcomm breaks records with Q2 2012 earnings, thanks 'strong demand' for 3G- and 4G-enabled devices
It's a good time to be in business. And by "business," we mean, "in the wireless business." Apple and Samsung seem to be selling every smartphone they make, and Qualcomm seems to be outfitting those very devices with quite a few components. After a record-setting Q1, Qually has just revealed that its Q2 2012 earnings made for "another quarter of record revenues and earnings per share." The driving force? "Strong demand for 3G- and 4G-enabled devices across both developed and emerging regions," according to Dr. Paul E. Jacobs, the outfit's chairman and CEO. Mobile device usage isn't apt to start contracting anytime soon, which has pushed the company to increase operating expenses to "facilitate additional 28 nanometer supply." Getting down to brass tacks, we're told that Q2 revenues reached $4.94 billion, representing a 28 percent uptick year-over-year, while operating income hit $1.9 billion -- a 15 percent increase year-over-year. Net income was reported at $1.76 billion (a 21 percent improvement over Q2 2011), but it's important to note that these figures included $761 million, net of income taxes, for discontinued operations as a result of a $1.2 billion gain associated with the sale of "substantially all of its 700 MHz spectrum." Those looking for more figures can hit the source link; those looking to improve Qualcomm's bottom line can just buy another phone.
Qualcomm announces Q1 earnings: revenues up 40%, $1.4 billion in profit
The mobile revolution has been good to Qualcomm. Its Q4 2011 earnings were impressive enough, but the company is kicking off 2012 with even more staggering numbers. The Snapdragon creator pulled in $4.68 billion in revenue during Q1, a 40 percent increase over the same time last year and 14 percent higher than last quarter. Profits were also way up, hitting $1.4 billion, a 20 percent increase over last year and a whopping 33 percent higher sequentially. The company appears to have roundly beat analyst expectations, earning 97 cents per share. It's also worth noting that this doesn't include any boost from the spectrum deal with AT&T. Sales of its MSM chips were, of course, the big star here shipping 156 million units -- an impressive 23 percent more than last quarter. For all the financial finery check out the source link.
