For the year to September 2015, Qualcomm forecast revenues 1-9 percent higher, versus 7 percent growth last year, while EPS is estimated flat to 7 percent lower. The outlook does not include its planned takeover of CSR, which is expected to close next summer. The company did not provide an estimate for 3G/4G device shipments in 2015. For calendar 2014, it expects shipments of 1.3-1.5 billion, but only 1.04-1.13 billion will likely be reported to the company.
Qualcomm also disclosed new competition investigations by the European Commission and US Federal Trade Commission. The EC notified the company in mid-October that it was looking at rebates and other financial incentives offered by Qualcomm. The FTC told the company in September it was looking at Qualcomm's licensing business, including possible violations of FRAND commitments. Qualcomm said it was cooperating with the investigations.
In the latest quarter, the company recorded revenues up 7 percent year-on-year to USD 26.49 billion. Operating profit rose 4 percent to USD 7.55 billion, and EPS increased 19 percent to USD 4.65. MSM chip shipments totaled 236 million units, up 24 percent year-on-year and 5 percent sequentially.
For fiscal Q1, Qualcomm forecast revenues flat to 9 percent higher year-on-year at USD 6.6-7.2 billion. EPS is expected at USD 1.00-1.12, equal to a decline of 8 percent to 3 percent growth. MSM shipments are forecast up 17-27 percent to 250-270 million.
