Qualcomm Tops Q4 Earnings Targets, Eyes 5G Growth
November 8, 2018
Qualcomm published better-than-expected fourth quarter financial results on Wednesday, November 7, 2018. The semiconductor giant reported non-GAAP earnings of 90 cents per share on revenue of $5.8 billion, down two percent year over year.
Wall Street was looking for earnings of 83 cents per share with $5.52 billion in revenue.
For the full fiscal year 2018, Qualcomm reported non-GAAP earnings per share of $3.69 on GAAP revenue of $22.7 billion.
For the current quarter, Wall Street is expecting earnings of 95 cents a share on revenue of $5.57 billion. Qualcomm followed up with earnings estimates from $1.05 to $1.15 a share with $4.5 billion to $5.3 billion in revenue.
Qualcomm's ongoing Apple dispute has strangled revenue in the company's licensing division, Qualcomm Technology Licensing (QTL), which had accounted for a significant portion of its overall earnings. Qualcomm said it did not record any QTL revenues in fiscal 2018 for royalties it says it's due on sales of Apple's products.
Read more at ZDNet