Tuesday, November 2, 2010

Qualcomm Posts Q4 Revenue of $2.95 billion

Qualcomm reported revenue of $2.95 billion for its fourth fiscal quarter ended September 26, 2010, up 10 percent year-over-year and 9 percent sequentially. Net income was $865 million, up 8 percent y-o-y and 13 percent sequentially.

"I am very pleased with our performance this year as we delivered record earnings per share and record MSM chipset volumes," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. "Our outlook includes strong revenue and earnings growth in fiscal 2011. In the coming year, we expect continued strong growth in CDMA-based device shipments, including smartphones and other data-centric devices, driven by the global adoption of 3G and accelerating consumer demand for wireless data."

Some highlights from the quarter:

CDMA-based Mobile Station Modem™ (MSM™) shipments: approximately 111 million units, up 22 percent y-o-y and 8 percent sequentially.

Total reported device sales*: approximately $28.3 billion, up 14 percent y-o-y and 12 percent sequentially.

Estimated CDMA-based device shipments: approximately 153 to 157 million units at an estimated average selling price of approximately $179 to $185 per unit.