Qualcomm Posts Q2 Revenue of $4.94 billion, up 28% YoY

Qualcomm reported Q2 revenue of $4.94 billion, up 28 percent year-over-year (y-o-y) and 6 percent sequentially, while operating income came in at $1.51 billion, up 6 percent y-o-y and down 2 percent sequentially. Diluted earnings per share: (GAAP) $1.28, up 117 percent y-o-y and 58 percent sequentially.


"I am pleased to report another quarter of record revenues and earnings per share, driven by strong demand for 3G- and 4G-enabled devices across both developed and emerging regions," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. "We are excited to see the continued growth of 3G and 4G smartphones, as well as new mobile computing devices. We are increasing our operating expenses to facilitate additional 28 nanometer supply and to continue to position our industry-leading chipset solutions for the opportunities ahead."


MSM chip shipments: 152 million units, up 29 percent y-o-y and down 3 percent sequentially.


Cash, cash equivalents and marketable securities totaled $26.6 billion at the end of the second quarter of fiscal 2012, compared to $22.1 billion a year ago and $22.0 billion at the end of the first quarter of fiscal 2012. http://www.qualcomm.com