Qualcomm Announces Fourth Quarter and Fiscal 2012 Results

Qualcomm Announces Fourth Quarter and Fiscal 2012 Results PR Newswire SAN DIEGO, Nov. 7, 2012 -- Fiscal 2012 Revenues $19.1 Billion -- GAAP EPS $3.51, Non-GAAP EPS $3.71 - Record Fiscal 2012 Results - SAN DIEGO, Nov. 7, 2012 /PRNewswire/ -- Qualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today announced results for the fourth fiscal quarter and year ended September 30, 2012. "I am very pleased with our performance this year. We delivered record revenues, earnings and MSM chipset shipments driven by increasing global consumption of wireless data across a diverse range of devices, particularly smartphones," said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. "As we continue to invest in and execute on our strategic priorities, our broad licensing program and industry-leading Snapdragon and 3G/LTE chipset roadmap position us for double-digit revenue growth again in fiscal 2013." GAAP Results Qualcomm's results are reported in accordance with generally accepted accounting principles (GAAP). Fourth Quarter Fiscal 2012 Revenues: [1] $4.87 billion, up 18 percent year-over-year (y-o-y) and 5 percent sequentially. Operating income: [1] $1.24 billion, even y-o-y and down 11 percent sequentially. Net income: [2] $1.27 billion, up 20 percent y-o-y and 5 percent sequentially. Diluted earnings per share: [2] $0.73, up 18 percent y-o-y and 6 percent sequentially.