Smartphones carry Qualcomm to strong second quarter

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

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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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