Qualcomm raises outlook again after strong Q4

News Wireless Global 2 FEB 2012
Qualcomm raises outlook again after strong Q4
Qualcomm reported record revenues for its fiscal first quarter to 25 December of USD 4.68 billion, up 40 percent from the year-earlier period thanks to strong demand for its chips in smartphones. Operating profit rose 24 percent to USD 1.55 billion, net profit was up 20 percent to USD 1.40 billion, and EPS improved 14 percent to USD 0.81. The company shipped 156 million MSM in the quarter, equal to growth of 32 percent year-on-year and 23 percent sequentially. Qualcomm finished the quarter with USD 22 billion in cash. For fiscal Q2, the company forecast sales up 19-29 percent from a year earlier to USD 4.6-5.0 billion and a more than doubling in EPS to USD 1.20-1.26. MSM shipments are expected to grow 24-31 percent to 146-154 million. Qualcomm also increased its guidance for the full year. It now expects sales of USD 18.7-19.7 billion, versus its previous outlook of USD 18.0-18.7 billion, and the EPS forecast rises to USD 3.36-3.56 from USD 2.80-3.00. The market outlook was increased to an estimated 875-945 million 3G/4G devices shipped in calendar 2012 and an average selling price of USD 204-216 per device in Qualcomm's fiscal year.

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Mobile

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Qualcomm

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Global

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Semiconductors, Financial figures, Handsets

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