Qualcomm reported quarterly revenues of $4.63 billion, up 28 percent year-over-year (y-o-y) and down 6 percent sequentially. Operating income hit $1.38 billion, up 24 percent y-o-y and down 9 percent sequentially, while net income was $1.21 billion, up 17 percent y-o-y and down 46 percent sequentially.
"Adoption of 3G and 3G/4G technologies continues around the world, driving strong year-over-year growth in our chipset and licensing businesses this quarter," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. "Looking forward, our growth estimates for 3G/4G device shipments in calendar 2012 have moderated slightly, and we now expect the demand profile of the calendar year to be more back-end loaded as new devices are launched for the holiday season. Although our outlook for semiconductor volumes in the fiscal fourth quarter has been reduced from our prior expectations, we are ramping supply of our 28 nanometer chipsets to help enable what we expect to be a strong December quarter for our semiconductor business."
Some highlights:
"Adoption of 3G and 3G/4G technologies continues around the world, driving strong year-over-year growth in our chipset and licensing businesses this quarter," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. "Looking forward, our growth estimates for 3G/4G device shipments in calendar 2012 have moderated slightly, and we now expect the demand profile of the calendar year to be more back-end loaded as new devices are launched for the holiday season. Although our outlook for semiconductor volumes in the fiscal fourth quarter has been reduced from our prior expectations, we are ramping supply of our 28 nanometer chipsets to help enable what we expect to be a strong December quarter for our semiconductor business."
Some highlights:
- MSM chip shipments: 141 million units, up 18 percent y-o-y and down 7 percent sequentially.
- March quarter total reported device sales: approximately $47.8 billion, up 31 percent y-o-y and down 8 percent sequentially.
- March quarter estimated 3G/4G device shipments: approximately 206 to 211 million units, at an estimated average selling price of approximately $226 to $232 per unit.
- $26.5 billion held in cash and cash equivalents.
