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

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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.

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

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