Smartphones carry Qualcomm to strong second quarter

Summary:The chipmaker has reported strong second-quarter earnings, citing hefty shipments of 3G and 4G-enabled smartphones

Qualcomm's fiscal second quarter was fuelled by strong shipments of 3G and 4G smartphones, but the outlook was light due to supply chain issues.

On Wednesday the mobile chipmaker reported second-quarter earnings of $2.23bn (£1.4bn), or $1.28 a share, on revenue of $4.94bn, up 28 percent from a year ago. Non-GAAP earnings were $1.01 a share. GAAP results include the sale of the Qualcomm Strategic Initiatives unit. Wall Street was expecting Qualcomm to report second-quarter earnings of 96 cents a share on revenue of $4.84bn.

In a statement, Qualcomm chairman Paul Jacobs said the company saw "strong demand for 3G- and 4G-enabled devices across both developed and emerging regions".

For more on this ZDNet UK-selected story, see Qualcomm rides 4G wave in Q2, but outlook light on ZDNet.com.


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Topics: Tech Industry

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Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as Editorial Director of ZDNet's sister site TechRepublic. He was most recently Executive Editor of News and Blogs at ZDNet. Prior to that he was executive news editor at eWeek and news editor at Baseline. He also served as the East Coast news editor and finance editor at CN... Full Bio

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