Qualcomm Announces Second Quarter Fiscal 2015 Results

Revenues $6.9 billion

(PRNewswire) — Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today announced results for the second quarter of fiscal 2015 ended March 29, 2015.

"We are pleased with our second quarter results, with record licensing revenues and earnings driven by all-time high 3G/4G device shipments reported by our licensees. We continue to see robust global demand for 3G/4G devices, including in China where our licensing business is now better positioned to participate in the rapidly accelerating adoption of our 3G/4G technology," said Steve Mollenkopf, CEO of Qualcomm Incorporated. "While we remain confident in the significant growth opportunities ahead, we are reducing our QCT outlook for fiscal 2015, primarily due to the increased impact of customer share shifts within the premium tier and a decline in our share at a large customer. In addition to our ongoing expense management initiatives, we have initiated a comprehensive review of our cost structure to identify opportunities to improve operating margins while at the same time extending our technology and product leadership positions."



Second Quarter Results (GAAP)*














Q2 Fiscal
2015


Q2 Fiscal
2014


Year-Over-
Year
Change


Q1 Fiscal
2015


Sequential
Change


Revenues 1

$6.9B


$6.4B


+8

%

$7.1B


(3)

%

Operating income 1

$1.3B


$2.0B


(33)

%

$2.1B


(35)

%

Net income 2

$1.1B


$2.0B


(46)

%

$2.0B


(47)

%

Diluted earnings per share 2

$0.63


$1.14


(45)

%

$1.17


(46)

%

Operating cash flow

($0.7B)


$1.8B


N/M


$2.4B


         N/M



1 Throughout this news release, revenues, operating expenses, operating income, earnings before tax (EBT) and effective tax rates are from continuing operations (i.e., before adjustments for noncontrolling interests and discontinued operations), unless otherwise stated.


2 Throughout this news release, net income and diluted earnings per share are attributable to Qualcomm (i.e., after adjustments for noncontrolling interests and discontinued operations), unless otherwise stated.



Non-GAAP Second Quarter Results












Q2 Fiscal
2015


Q2 Fiscal
2014


Year-Over-
Year
Change


Q1 Fiscal
2015


Sequential
Change

Revenues

$6.9B


$6.4B


+8%


$7.1B


(3%)

Operating income

$2.7B


$2.3B


+16%


$2.5B


+7%

Net income

$2.3B


$2.3B


+4%


$2.3B


+3%

Diluted earnings per share

$1.40


$1.31


+7%


$1.34


+4%












1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us
ShareCG™ is a trademark of Internet Business Systems, Inc.

Report a Bug Report Abuse Make a Suggestion About Privacy Policy Contact Us User Agreement Advertise