Tuesday, July 19, 2005

QUALCOMM Reports Revenue of $1.36 Billion, Increases Guidance

QUALCOMM reported quarterly revenue of $1.36 billion, up 1% year-over-year and down 1% sequentially. Net income was $560 million, up 15% year-over-year and 5% sequentially.

"We are pleased to increase our fiscal year earnings projections, primarily as a result of greater shipments of higher priced WCDMA handsets reflected in our June results. Volume shipments of WCDMA and 1xEV-DO MSMs have increased substantially year-over-year and sequentially, and we look forward to further increases in the quarters ahead. We are projecting continued acceleration in WCDMA and 1xEV-DO shipments toward the end of 2005 and beyond as exciting new handsets in a broad range of price points enable operators to address a larger segment of their subscriber base," said Dr. Paul E. Jacobs, CEO of QUALCOMM.

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