This week Qualcomm is certainly headed out for a fine dinner or two as they report their 2012 Q2 financial earnings as record breaking. In fact, Qualcomm’s words for Q2 2012 were “another quarter of record revenues and earnings per share.” This fabulous results have a whole lot to do with faster smartphones in both emerging regions and those that are already developed – and great things appear to be on the horizon as well.
This second quarter set of results is quantified with $4.94 billion dollars in revenue, this being a massive 28 percent increase year-over-year. As for operating income, Qualcomm sits at $1.9 billion, this also an impressive 15 percent increase year-over-year. Their net income – everyone’s favorite – was $1.76 billion with a 21 percent change upward compared to last year. There’s only a bit of a catch to all of this with $761 million included net of income taxes for discontinued operations – this coming from a $1.2 billion dollar gain coming from the sale of all of Qualcomm’s 700 MHz spectrum.
According to Qualcomm, the massive success they’ve been seeing this past quarter can be attributed to “Strong demand for 3G- and 4G-enabled devices”. Imagine that! We’re also going to go ahead and say that Qualcomm’s future is looking rather bright as well with such titans as the Snapdragon S4 dual-core processor sitting in the HTC hero device known as the HTC One S as well as the USA-bound AT&T HTC One X. Expect the cash to continue raining down.