Qualcomm's 1Q16 financial report is released: net profit fell 24% and the outlook for the second quarter fell short of expectations - ADSS optical cable manufacturer

Qualcomm's 1Q16 financial report is released: net profit fell 24% and the outlook for the second fiscal quarter fell short of expectations - ADSS optical cable manufacturer

Qualcomm released its 2016 financial results today Financial report for the first fiscal quarter of the year.

The report shows that Qualcomm’s first fiscal quarter net profit was US$1.5 billion, down 24% from US$2 billion in the same period last year; revenue was US$5.8 billion, down 19% from US$7.1 billion in the same period last year. .

Qualcomm’s first-quarter results exceeded Wall Street analysts’ expectations, but its outlook for its second-quarter results failed to meet expectations, pushing its stock price down slightly after hours.

In the quarter ended December 27, Qualcomm’s net profit was US$1.5 billion, a 24% decline from US$2 billion in the same period last year. The $1.1 billion in the first fiscal quarter increased by 41%; diluted earnings per share were $0.99, down 15% from $1.17 in the same period last year, and an increase of 48% from $0.67 in the previous quarter.

Qualcomm’s first fiscal quarter operating profit was US$1.7 billion, down 18% from US$2.1 billion in the same period last year, and an increase of 48% from US$1.1 billion in the previous fiscal quarter.

Excluding special one-time items (not in accordance with U.S. GAAP), Qualcomm’s net profit in the first fiscal quarter was US$1.5 billion, 23% higher than the same period last year. US$1.4 billion fell 35%, an increase of 3% from US$1.4 billion in the previous fiscal quarter; earnings per share were US$0.97, an increase of US$0.97 from the same period last year.It fell 28% to $1.34 and increased 7% from $0.91 in the previous quarter. This performance exceeded analyst expectations.

According to Yahoo Finance statistics, analysts had previously expected Qualcomm’s first fiscal quarter earnings per share to be US$0.90 on average.

Qualcomm's first fiscal quarter revenue was US$5.8 billion, down 19% from US$7.1 billion in the same period last year, and up 6% from US$5.5 billion in the previous quarter. This performance also exceeded analyst expectations.

According to Yahoo Finance statistics, analysts had previously expected Qualcomm’s first fiscal quarter revenue to be US$5.69 billion on average.

Qualcomm's revenue from equipment and services in the first fiscal quarter was US$4.087 billion, down from US$5.216 billion in the same period last year; revenue from licensing was US$1.688 billion, down from US$1.883 billion in the same period last year.

Qualcomm’s total operating costs and expenses in the first fiscal quarter were US$4.090 billion, down from US$5.035 billion in the same period last year.

Among them, the revenue cost of equipment and services is 2.534 billion

U.S. dollars, down from $3.047 billion in the same period last year; R&D expenses were $1.352 billion, the same as the same period last year; sales, general and administrative expenses were $578 million, down from $583 million in the same period last year; other Revenue was $374 million, compared with $53 million in other expenses in the same period last year.

Qualcomm CDMA Technology Group's first fiscal quarter revenue was US$4.096 billion, a year-on-year decrease of 23%, an increase of 13% from the previous fiscal quarter; pre-tax profit was US$590 million, a year-on-year decrease of 49% %, an increase of 111% compared with the previous fiscal quarter.

Qualcomm Technology Licensing Group’s revenue in the first fiscal quarter was US$1.607 billion, down 12% year-on-year, down 10% from the previous quarter; pre-tax profit was US$1.339 billion, down 15% year-on-year, down 15% from the previous fiscal quarter. It fell 10% in the previous fiscal quarter.

Qualcomm’s adjusted item income that does not follow U.S. GAAP was US$63 million, a year-on-year increase of 54% and a 50% increase from the previous fiscal quarter; the pre-tax loss was US$150 million.

Qualcomm’s operating cash flow in the first fiscal quarter was US$2.7 billion, an increase of 16% from US$2.4 billion in the same period last year, and an increase of US$1.7 billion from the previous fiscal quarter. 63%.

As of December 28, 2015, Qualcomm’s cash, cash equivalents and marketable securities totaled $30.6 billion, compared with $31.6 billion as of the end of the first fiscal quarter of fiscal 2015. It was $30.9 billion at the end of the fourth quarter of fiscal 2015.

Qualcomm’s effective income tax rate in the first fiscal quarter was 13%, and the effective income tax rate that did not follow U.S. GAAP was 17%.

Qualcomm estimates that the effective income tax rate for fiscal year 2016 will be approximately 17%, and the effective income tax rate that does not follow U.S. GAAP will be approximately 18%.

Qualcomm expects revenue in the second quarter of fiscal 2016 to be US$4.9 billion to US$5.7 billion, a year-on-year decline of 17% to 29%, with a median value of US$5.3 billion, lower than analysts' previous expectations.

Qualcomm expects second-quarter earnings per share to be US$0.69 to US$0.79. Same as last year Period growth of 10% to 25%; excluding one-time items (not in accordance with U.S. GAAP), Qualcomm expects earnings per share in the second fiscal quarter to be US$0.90 to US$1.00, down 29% to 36% from the same period last year, of which The value was US$0.95, which was lower than analysts’ previous expectations.

According to data compiled by Yahoo Finance, analysts on average expected Qualcomm’s second-quarter earnings per share to be US$1.02.

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On the same day, Qualcomm's stock price fell by US$0.99 in regular trading on Nasdaq, closing at US$47.53, a decrease of 2.04%.

As of 17:05 US Eastern Time (Beijing time) In after-hours trading until 6:05 on the 28th, Qualcomm’s stock price fell again It fell $0.03 to $47.50, a decrease of 0.06%. In the past 52 weeks, Qualcomm’s highest price was $74.09 and its lowest price was $44.39.