Qualcomm dishes Q4 2012 financial results

Nov 7, 2012
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Qualcomm dishes Q4 2012 financial results

Qualcomm has delivered its financial report for Q4 2012, and things are looking pretty good across the board. Revenues in Q4 settled at $4.87 billion, which is up 18% year-over-year and 5% sequentially. That certainly isn't bad, but the company's operating income was stagnant year-over-year and actually down 11% sequentially, coming in at $1.24 billion.

The company had a net income for the quarter of $1.27 billion, which is up and impressive 20% year-over-year. Deluded earnings per share were up both year-over-year and sequentially, landing at $0.89 - an 11% increase year-over-year and a 6% sequential increase. Operating cash flow was another thing that took a hit in the quarter, dropping 23% year-over-year to $1.41 billion. During the quarter, the company shipped 141 million MSM chips, which is a 11% increase year-over-year.

Qualcomm had a pretty good quarter 4, but it had an even better fiscal 2012. The company reported record revenues of $19.12 billion, which is up a very impressive 28% over fiscal 2011. Net income for the year rose 43% to $6.11 billion, and Qualcomm was able to post a deluded earnings per share in fiscal 2012 $3.51, up once again over fiscal 2011, this time by 39%. With everything added up, Qualcomm managed to ship 590 million MSM chips, which is another record for the company.

In fiscal 2013, the company is expecting its revenues to climb even higher, projecting total revenues of "approximately $23.0 billion to $24.0 billion." It's also hoping to post a diluted earnings per share of $4.12 to $4.32 for fiscal 2013, which again would be an increase over this year's results. Looking a little closer at the immediate future, to company is projecting that it will ship 168 million to 178 million MSM chipsets in Q1 2013, and it's expecting to report quarterly revenues of $5.6 billion to $6.1 billion. Qualcomm is obviously expecting fiscal 2013 to be bigger than fiscal 2012, so we'll be keeping an eye out to see if it all unfolds the way the company is projecting.


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