Qualcomm Hits Revenue of $6.02 billion, up 29% YoY

Qualcomm reported revenue of $6.02 billion for the quarter ending 30-December-2012, up 29 percent year-over-year (y-o-y) and 24 percent sequentially. Net income was $2.20 billion, up 32 percent y-o-y and 42 percent sequentially.

"We are pleased to report record quarterly revenues, Non-GAAP EPS and MSM chip shipments, driven by the growing global demand for smartphones and our industry-leading portfolio of 3G/LTE chipsets," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm.  "Our broad licensing partnerships and extensive chipset roadmap, including our recently announced best-in-class Qualcomm Snapdragon 800 and 600 processors, position us well for strong growth, and we are pleased to be raising our revenue and earnings guidance for fiscal 2013."

During the quarter, MSM chip shipments reached 182 million units, up 17 percent y-o-y and 29 percent sequentially.