“Suffice to say, I think going forward we expect to be selling to all of them,” he said. After resolving a bruising legal battle with iPhone maker Apple Inc (Chief Financial Officer Akash Palkhiwala told Reuters in an interview that Qualcomm expected to make up some of those sales in the fiscal first quarter. Currency figures normalised to Qualcomm Inc's reporting currency: US Dollar USD. Qualcomm expects that in its fiscal fourth quarter, its revenue will be between $5.5 billion and $6.3 … And so what we’ve seen is a slight delay that pushes some of the units out from the September quarter to the December quarter for us,” he said. By using our services, you agree to our use of cookies. While Qualcomm has long supplied processors and modems to help phones connect to wireless data networks, it has pushed into also selling radio-frequency chips to help phone makers handle the more complex signals involved in 5G networks. The new accounting guidance defines a five-step approach that requires a company to recognize revenue as control of goods or services transfers to a customer at an amount that reflects the expected consideration to be received in exchange for those goods or services. The shipments put average selling prices for chips at $29.23, lower than the $32 in the previous quarter when the company had released higher-priced flagship chips. 12.11.2 Qualcomm Incorporated Description and Business Overview. Its offered technologies and products are used in mobile devices and other wireless products, including network equipment, broadband gateway equipment, consumer electronic devices and other connected devices. Top holders; Movers; 33.65% Per cent of shares held by top holders. US$4.39 billion (2019) Total assets: US$32.96 billion (2019) Total equity: US$4.91 billion (2019) Number of employees. “We’re seeing a partial impact from the delay of a flagship phone launch. In May 2014, the Financial Accounting Standards Board (FASB) issued new accounting guidance related to revenue recognition (ASC 606), which outlines a comprehensive revenue recognition model and supersedes most current revenue recognition accounting guidance and requires increased disclosures. Its technologies and products are also used in industry segments and applications beyond mobile, including automotive, computing, Internet of Things (IoT) and networking.T. Share price information may be rounded up/down and therefore not entirely accurate. Reporting by Munsif Vengattil in Bengaluru and Stephen Nellis in San Francisco; Editing by Maju Samuel and Jonathan OatisFILE PHOTO: A Qualcomm sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019. REUTERS/Aly Song/File Photo Shares of the company jumped as much as 15% in intraday trading Thursday. Qualcomm revenues chopped in half. The San Diego-based firm said it shipped 130 million chips capable of wireless data connections, compared with estimates of 134.7 million, according to FactSet data. The Company is engaged in the development, launch and expansion of technologies like fifth-generation (5G). Palkhiwala said Qualcomm expected to win sales with all major smartphone makers, including the customer facing a delayed flagship launch in the fiscal fourth quarter, though he did not name specific customers. Analysts, on average, projected $4.8 billion. The average economist estimate for the quarter is revenue of $5.77 billion, according to Bloomberg data. Qualcomm Inc., Income Statement, Revenues. Qualcomm, which generates most of its profits by licensing its technology to mobile phone makers and others, said licensing revenue in the segment was $1 billion, well above estimates of $851 million, according to FactSet. Prior to adoption, Qualcomm accounted for certain customer incentive arrangements, including volume-related and other pricing rebates or cost reimbursements for marketing and other activities involving certain of the products and technologies, in part based on the maximum potential liability. 2015 2016 2017 2018 2019 5-year trend; Sales/Revenue 25.28B: 23.55B: 22.29B: 22.61B

2015 2016 2017 2018 2019 5-year trend; Sales/Revenue 25.28B: 23.55B: 22.29B: 22.61B Holder Shares % Held ; The Vanguard Group, Inc. as of 31 Mar 2020: 92.54m: 8.23%: BlackRock Fund Advisors as of 31 Mar 2020: 57.90m: 5.15%: Fidelity Management & Research Co. LLC as of 31 Mar 2020: 52.66m: 4.68%: …