Summary
Qualcomm Inc. (QCOM) filed an 8-K on April 24, 2013, to report its financial results for the second quarter of fiscal year 2013, which concluded on March 31, 2013. The filing primarily incorporates by reference a press release detailing these financial outcomes and providing both GAAP and non-GAAP financial measures. Investors are directed to this press release for a comprehensive understanding of the company's performance during the reported quarter. The company's management believes that presenting non-GAAP financial measures offers valuable insights into Qualcomm's financial condition and operational results, alongside traditional GAAP figures. This approach aims to provide a more complete picture for investors, encouraging a review of both measures for a thorough analysis. The filing itself is procedural, pointing to the more detailed financial information contained within the furnished press release.
Key Highlights
- 1QCOM filed an 8-K on April 24, 2013, reporting its Q2 fiscal 2013 financial results.
- 2The fiscal second quarter ended on March 31, 2013.
- 3The filing incorporates by reference a press release (Exhibit 99.1) containing the detailed financial results.
- 4The press release includes both GAAP (Generally Accepted Accounting Principles) and non-GAAP financial measures.
- 5Management believes non-GAAP measures provide useful additional information to investors.
- 6Investors should consider non-GAAP measures alongside, not as a substitute for, GAAP measures.
- 7George S. Davis, EVP and Chief Financial Officer, signed the report.