EcDatasheet.CoM

Qualcomm’s third-quarter revenue of 5.6 billion US dollars, net profit increased by 41%

Beijing time on July 26 morning news, Qualcomm today released the third quarter financial results for the 2018 fiscal year. The report showed that Qualcomm’s third-quarter net profit was $1.2 billion, up 41% from $900 million in the same period last year; revenue was $5.6 billion, up 4% from $5.4 billion in the same period last year. Qualcomm’s third-quarter results exceeded Wall Street analystsexpectations, and its earnings outlook for the fourth quarter also exceeded expectations, driving its share price to rise more than 5%.
In the quarter ended June 24, Qualcomm’s net profit was $1.2 billion, up 41% from $900 million in the same period last year, and $400 million in the previous quarter; diluted earnings per share were $0.82. This is an increase of 41% from $0.58 in the same period last year and $0.24 in the previous quarter. Qualcomm’s third-quarter operating profit was $900 million, up 20% from $800 million in the same period last year and 110% from $400 million in the previous quarter. Excluding special one-off items (not in accordance with US GAAP), Qualcomm’s third-quarter operating profit was $1.4 billion, up 16% from $1.2 billion in the same period last year and up from $1.3 billion in the previous quarter. 11%.
Excluding special one-off items (not in accordance with US GAAP), Qualcomm’s third-quarter net profit was $1.5 billion, up 22% from $1.2 billion in the same period last year and up from $1.2 billion in the previous quarter. 27%; diluted earnings per share was $1.01, up 22% from $0.83 in the same period last year and 26% from $0.80 in the previous quarter, a performance that exceeded analysts’ expectations. According to data provided by financial information provider FactSet, analysts had previously expected Qualcomm’s third-quarter earnings per share to be $0.71.
Qualcomm’s third-quarter revenue was $5.6 billion, up 4% from $5.4 billion in the same period last year and up 6% from $5.3 billion in the previous quarter. Not in accordance with US GAAP, Qualcomm’s third-quarter revenue was $5.6 billion, up 6% from $5.3 billion in the same period last year and 8% from $5.2 billion in the previous quarter. This performance also exceeded analysts. expected. According to data provided by FactSet, analysts had previously expected Qualcomm’s third-quarter revenue of $5.19 billion.
Qualcomm’s third-quarter revenue from equipment and services was $4.11 billion, slightly lower than $4.121 billion in the same period last year; revenue from authorized revenues was $1.489 billion, up from $1.25 billion in the same period last year. Qualcomm’s total operating costs and expenses for the third quarter were $4.674 billion, up from $4.598 billion in the same period last year. Among them, the revenue cost was 2.491 billion US dollars, higher than the 2.488 billion US dollars in the same period last year; the research and development expenditure was 1.416 billion US dollars, higher than the 1.391 billion US dollars in the same period last year; the sales, general affairs and administrative expenses were 655 million US dollars, lower than the same period last year. $710 million; other expenses were $112 million, up from $9 million in the same period last year.
Qualcomm CDMA Technology Group‘s third-quarter revenue was $4.087 billion, up 1% year-on-year, up 5% from the previous quarter; pre-tax profit was $607 million, up 6% year-on-year, flat compared to the previous quarter. . Qualcomm Technology Authorized Group’s third-quarter revenue was $1.465 billion, up 25% year-on-year, up 16% from the previous quarter; pre-tax profit was $1.049 billion, up 23% year-on-year, up 23% from the previous quarter. .
Qualcomm’s third-quarter operating cash flow was $2.1 billion, compared to $200 million in the same period last year and $500 million in the previous quarter. As of the end of the third fiscal quarter of FY18, Qualcomm held cash, cash equivalents and marketable securities totaling $35.9 billion, compared with $37.8 billion at the end of the third fiscal quarter of fiscal 2017, as of the second fiscal year of 2018. At the end of the fiscal quarter, it was $39.6 billion.
Qualcomm’s third-quarter effective income tax rate is -28%, and the effective income tax rate is not -6% in accordance with US GAAP. Qualcomm expects an effective income tax rate of approximately 264% for FY 2018 and an effective income tax rate of approximately 2% for non-GAAP.
Qualcomm returned a total of $1.9 billion in cash to shareholders in the third quarter of FY18, which returned $911 million, or about $0.62 per share, in a cash dividend, and repurchased 17.4 million shares of common stock. This form returned $1 billion in cash to shareholders. Qualcomm announced on July 12, 2018 that the company will distribute a cash dividend of $0.62 per share to shareholders, which will be paid on September 26, 2018 to registered shareholders ending on September 5, 2018. .
In addition, Qualcomm also announced that if the company’s proposed acquisition of NXP Semiconductors is not approved at the end of the day, Qualcomm will terminate the transaction and plan to repurchase shares of up to $30 billion in outstanding common stock. .
Qualcomm expects fourth-quarter revenue for fiscal year 2018 to be $5.1 billion to $5.9 billion, down 14% from the previous year’s $5.9 billion to year-on-year, with median expectations exceeding expectations; diluted earnings per share ranged from $0.58 to $0.68. This compares with $0.02 in the same period last year; diluted earnings per share not in accordance with US GAAP ranged from $0.75 to $0.85, down 8% to 18% from $0.92 in the same period last year, with the value exceeding expectations. The FactSet survey shows that analysts on average expect Qualcomm’s fourth-quarter earnings per share to reach 77 cents, revenue will reach 5.47 billion US dollars.
On the same day, Qualcomm shares rose $0.57 in the Nasdaq regular trading, to close at $59.42, or 0.97%. In the after-hours trading as of 18:44 EST (6:44 Beijing time on the 26th), Qualcomm shares rose 3.23 US dollars to 62.65 US dollars, or 5.44%. In the past 52 weeks, Qualcomm’s highest price was $69.28 and the lowest price was $48.56.

, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,