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Qualcomm meets quarterly targets, but falls slightly short of analysts expectations

Posted: , by Victor H.

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Qualcomm meets quarterly targets, but falls slightly short of analysts expectations
Chip maker Qualcomm has just posted its results for the past quarter and while it met its targets, for the first time in a while it didn’t live up to analysts’ expectatations. Qualcomm like others usually provides a slightly more conservative estimates for the quarter, so it's easier to meet the targets. Qualcomm’s 3G and 4G solutions, including its Snapdragon S4 chip with integrated LTE is keeping the company profitable.

Qualcomm registered revenues of $4.63 billion for the quarter, growing 28% over the year, but still down 6% when compared Qualcomm’s latest record-shattering three months. Qualcomm’s net income for the second quarter stood at $1.21 billion.

Mobile station modems or MSMs are actually what contributes most to Qualcomm’s earnings. Qualcomm is also ramping up 28nm Snapdragons S4 chip production as it continues to have tons of orders for the 2012 Holiday season.

"Looking forward, our growth estimates for 3G/4G device shipments in calendar 2012 have moderated slightly, and we now expect the demand profile of the calendar year to be more back-end loaded as new devices are launched for the holiday season. Although our outlook for semiconductor volumes in the fiscal fourth quarter has been reduced from our prior expectations, we are ramping supply of our 28 nanometer chipsets to help enable what we expect to be a strong December quarter for our semiconductor business," Qualcomm’s chief executive Paul Jacobs said.

And if Qualcomm nails an order for a rumored future LTE-enabled iPhone, we can definitely see a bright future for the chip maker. The company is the only one with an integrated LTE solution and it stands out by working on its own processor designs on top of the standard ARM architecture.

source: Qualcomm (PDF)

Press Release

2 Comments
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posted on 19 Jul 2012, 03:56 2

1. SonyFTW2020 (Posts: 305; Member since: 03 May 2012)


A quad core phone with s4 chip......hands down the best phone for some time to come!

posted on 19 Jul 2012, 07:44

2. MISTER_H (banned) (Posts: 97; Member since: 08 Jul 2012)


still a crapdragon slow sluggish standard cpu half
a15 on a a9 cortex.... even the Exynos are way much better.

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