Qualcomm's second-quarter revenue of $5 billion fell 10% year-on-year

Electronic enthusiasts eight o'clock: April 20 news, Qualcomm (NASDAQ: QCOM) today announced the third fiscal quarter of the fiscal year ending March 26. The report shows that the company's revenue for the quarter was $5 billion, compared with $5.6 billion in the same period last year, down 10% year-on-year; according to US GAAP, net profit was $700 million, compared with a net profit of $1.2 billion in the same period last year. , down 36% year-on-year; diluted earnings per share was $0.50, compared with $0.78 per share for the same period last year, down 36% year-on-year.

Second Quarter Financial Data (GAAP):

· Revenue was $5 billion, compared with $5.6 billion in the same period last year, down 10% year-on-year, and $6 billion in the previous quarter, down 16% from the previous month.

· Operating profit was US$700 million, compared with operating profit of US$1.4 billion in the same period last year, down 48% year-on-year. Last quarter, operating profit was US$800 million, down 6% from the previous quarter. · Net profit was US$700 million, compared with a net profit of US$1.2 billion in the same period last year, down 36% year-on-year. The net profit for the previous quarter was US$700 million, a 10% increase from the previous quarter. Diluted earnings per share were $0.50, compared with net profit of $0.78 in the same period last year, down 36% year-on-year, and net profit was $0.46 in the previous quarter, up 9% from the previous quarter. · Operating cash flow was US$800 million, compared with US$700 million in the same period last year, an increase of 11% year-on-year, and US$1.4 billion in the previous quarter, down 41% from the previous quarter.

Second Quarter Financial Data (Non-GAAP):

· Operating profit was US$2.2 billion, compared with operating profit of US$1.9 billion in the same period last year, an increase of 18% year-on-year. Operating profit for the previous quarter was US$2.1 billion, up 7% quarter-on-quarter.

· Net profit was US$2 billion, compared with a net profit of US$1.6 billion in the same period last year, an increase of 28% year-on-year and a 12% quarter-on-quarter increase.

Diluted earnings per share were $1.34, compared with net profit of $1.04 in the same period last year, up 29% year-on-year. Net profit for the previous quarter was $1.19, up 13% from the previous quarter.

Performance of each department:

QCT (Chip Technology) Department:

· Revenue was $3.676 billion, compared with $3.337 billion in the same period last year, an increase of 10% year-on-year, and $4.101 billion in the previous quarter, down 10% from the previous quarter.

· Profit before tax was $475 million, compared with $170 million in the same period last year, an increase of 179% year-on-year, and $724 million in the previous quarter, down 34% from the previous quarter.

· Profit before tax accounted for a 13% increase in revenue, compared with a 5% increase in the same period last year and an increase of 18% in the previous quarter.

· MSM chip shipments were 179 million, compared with 189 million in the same period last year, down 5% year-on-year, and 217 million in the previous quarter, down 18% from the previous quarter.

QTL (Technical Authorization) Department:

· Revenue was $2,249 million, compared with $2.135 billion in the same period last year, an increase of 5% year-on-year, and $1,811 million in the previous quarter, an increase of 24% from the previous quarter.

· Profit before tax was US$1.959 billion, compared with US$1.857 billion in the same period last year, up 5% year-on-year, and US$1.532 billion in the previous quarter, up 28% from the previous quarter.

· Profit before tax accounted for 87% of revenue growth, up 87% in the same period last year and 85% in the previous quarter.

Total equipment sales were $82.6 billion, compared to $70.1 billion in the same period last year, an increase of 18% year-on-year, and $62.9 billion in the previous quarter, an increase of 31% from the previous quarter.

· Shipments of 3G/4G equipment are expected to be 398 million to 402 million, compared with 335 million to 339 million in the same period last year, up 19% year-on-year, and 331 million to 335 million in the previous quarter, up 20% from the previous quarter.

· The average selling price of 3G/4G equipment is expected to be US$204 to US$210, compared with US$205 to US$211 in the same period last year, compared with US$0.0 in the same period last year, and US$186 to US$192 in the previous quarter, up 10% from the previous quarter.

Performance outlook:

· Revenue is expected to be $5.3 billion to $6.1 billion, down 12% year-on-year to 1%.

GAAP earnings per share are expected to be $0.67 to $0.92, down 31% year-on-year to 5%.

· Non-GAAP earnings per share are expected to be $0.90 to $1.15, down 22% year-on-year to 1%.

· MSM chip shipments are expected to be 180 million to 200 million, down 10% year-on-year to flat dollar.

Total equipment sales are expected to be between US$59 billion and US$67 billion, down 6% year-on-year to 7%.

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