8-KEarnings & ResultsExhibits & Filings

QUALCOMM INC/DE 8-K Report, Financial Results (Jul 24, 2013)

Filed July 24, 2013For Securities:QCOM

Summary

Qualcomm Inc. (QCOM) filed an 8-K on July 24, 2013, to report its financial results for the third quarter of fiscal 2013, which ended on June 30, 2013. The core of this filing is the accompanying press release (Exhibit 99.1), which details the company's performance during the quarter. Investors should note that the press release includes non-GAAP financial measures, and the company has provided reconciliations to the directly comparable GAAP measures, explaining their management's rationale for presenting this supplemental information.

Key Highlights

  • 1QCOM announced its third-quarter fiscal year 2013 financial results on July 24, 2013.
  • 2The primary disclosure is a press release furnished as Exhibit 99.1.
  • 3The press release contains the company's financial performance for the quarter ended June 30, 2013.
  • 4Qualcomm utilizes and reports non-GAAP financial measures in its earnings release.
  • 5The company provides reconciliations between non-GAAP and GAAP financial measures.
  • 6Management believes non-GAAP measures offer useful insights into financial condition and operational results.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report Qualcomm's financial results for its third fiscal quarter of 2013, which concluded on June 30, 2013, through an accompanying press release.

The detailed financial results are contained within the press release furnished as Exhibit 99.1 to this 8-K filing. This press release is incorporated by reference into the 8-K.

Non-GAAP financial measures are performance metrics that exclude or include amounts different from the measures calculated under Generally Accepted Accounting Principles (GAAP). Qualcomm's management believes that presenting these non-GAAP measures provides additional useful information to investors by offering a clearer view of the company's underlying financial condition and operational performance, supplementing the standard GAAP reporting.

Yes, the press release includes reconciliations that show how the non-GAAP financial measures relate to the most directly comparable GAAP financial measures. This allows investors to compare both sets of results.