Qualcomm reported its fiscal Q4 earnings today, revealing a revenue of $4.12 billion, which is a 39 percent increase from the same period last year. Net profit rose 22 percent from the same quarter last year, jumping up from $865 million to $1.06 billion. The chip maker also issued a strong guidance forecast, exceeding analyst expectations.
Key highlights include Qualcomm’s shipments of CDMA-based mobile station modems. A total of 127 million units were shipped in fiscal Q4, exceeding the forecasted 120 to 125 million units. Qualcomm also raked in a $39.1 billion in total sales for other CDMA device. And the company gets additional royalty revenue from CDMA-based devices.
Qualcomm also issued a strong forecast for this current fiscal quarter as well as the next fiscal year. The recent launch of the iPhone 4S marks the first time Apple is using Qualcomm chipsets for its entire line. Apple had previously only used Qualcomm’s chipset in its CDMA version of the iPhone 4. The iPhone 4S sold about 4 million units just in its opening weekend. This may be what’s boosting the company’s guidance.
The company expects revenue to reach $4.35 billino to $4.75 billion during this fiscal quarter, beating analyst expectations of $4.25 billion. This strong guidance has led to an 8 percent jump in Qualcomm’s share values in after-hour trades.