Tuesday, July 19, 2011

Qualcomm Posts Revenue of $3.62 billion, Raises Guidance

Qualcomm reported revenues of $3.62 billion for its third fiscal quarter ended June 26, 2011, up 34 percent year-over-year (y-o-y) and down 6 percent sequentially. Net income came in at $1.04 billion, up 35 percent y-o-y and 4 percent sequentially. Diluted earnings per share were $0.61, up 30 percent y-o-y and 3 percent sequentially.


"Qualcomm delivered strong year-over-year results again this quarter as our business performed well across all key guidance metrics. In addition, we successfully completed the acquisition of Atheros, positioning us to further expand our opportunities going forward," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. "Looking forward, we continue to see healthy growth in CDMA-based device shipments of approximately 18 percent in calendar year 2011, and we are pleased to be raising our revenue and Non-GAAP earnings guidance for the fiscal year, driven primarily by strong global smartphone adoption and the addition of Atheros."


Some key metrics:

CDMA-based Mobile Station Modem (MSM) shipments: 120 million units, up 17 percent y-o-y and 2 percent sequentially.

March quarter total reported device sales: approximately $36.4 billion, up 44 percent y-o-y and down 9 percent sequentially.

March quarter estimated CDMA-based device shipments: approximately 170 to 174 million units, at an estimated average selling price of approximately $209 to $215 per unit.
http://www.qualcomm.com

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