Summary
QUALCOMM Incorporated (QCOM) filed an 8-K on July 18, 2012, primarily to announce its financial results for the third quarter of fiscal year 2012, which ended on June 24, 2012. The filing incorporates by reference a press release detailing these results, offering investors insight into the company's performance during the period. Investors should note that the press release includes both GAAP (Generally Accepted Accounting Principles) and non-GAAP financial measures. The company's management provides these non-GAAP figures, along with reconciliations to GAAP, believing they offer a more useful perspective on the company's financial condition and operational results. This distinction is important for a comprehensive understanding of QCOM's reported performance.
Key Highlights
- 1QCOM filed an 8-K on July 18, 2012, reporting financial results for its third fiscal quarter of 2012.
- 2The fiscal third quarter for 2012 ended on June 24, 2012.
- 3The filing's primary purpose is to disclose the company's financial performance for the reported quarter.
- 4A press release containing the detailed financial results is furnished as Exhibit 99.1.
- 5The disclosed financial results include both GAAP and non-GAAP measures.
- 6QCOM's management believes non-GAAP measures provide additional useful information to investors.
- 7Reconciliations between non-GAAP and GAAP financial measures are provided in the press release.