How Did Qualcomm Fare In Q2’16 Earnings?

April 21st, 2016 by Trefis Team
-9.41%
Downside
161
Market
146
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QCOM: Qualcomm logo
QCOM
Qualcomm

Leading Chipset maker, Qualcomm  (NYSE:QCOM) reported its Q2 2016 earnings on April 20th. (Fiscal years end with September.) Although revenues and EPS were significantly down on a year-over-year basis, the metrics topped the consensus estimates and the guidance issued by the company. Furthermore, Qualcomm resolved its licensing dispute with LG, which was expected to drive down its revenues by $100 million on a quarterly basis going forward. However, the company admitted that it is still seeing under-reporting of sales by at least 44% in China and it might take longer for it to resolve the issue completely, possibly beyond FY 2016. Below we analyse the key metrics as reported by Qualcomm in Q2’16 earnings:

QCOM_Q&A_Earnig

Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for Qualcomm

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