8-KEarnings & ResultsExhibits & Filings

QUALCOMM INC/DE 8-K Report, Financial Results (Jan 28, 2015)

Filed January 28, 2015For Securities:QCOM

Summary

QUALCOMM Incorporated (QCOM) filed an 8-K on January 28, 2015, to report its financial results for the first quarter of fiscal 2015, which ended on December 28, 2014. The filing primarily serves to furnish the accompanying press release as an exhibit, detailing the company's performance and financial condition. Investors should review this press release for specific financial metrics, operational updates, and forward-looking statements. The company's management provided non-GAAP financial measures in its press release, alongside the most directly comparable GAAP measures. This approach is intended to offer a more comprehensive view of the company's performance and operational profitability, as management believes these non-GAAP figures provide useful insights into the business. Investors are advised to consider these non-GAAP measures in conjunction with, and not as a replacement for, the standard GAAP financial reporting.

Key Highlights

  • 1QCOM reported its financial results for the first quarter of fiscal 2015, ending December 28, 2014.
  • 2The 8-K filing incorporates by reference a press release detailing these financial results.
  • 3The press release includes non-GAAP financial measures, in addition to GAAP measures.
  • 4Management believes non-GAAP measures provide useful insights for investors regarding financial condition and operations.
  • 5Investors are encouraged to review the furnished press release (Exhibit 99.1) for detailed financial information.
  • 6The filing confirms the date of the event as January 27, 2015, and the filing date as January 27, 2015.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally report QUALCOMM's financial results for its first quarter of fiscal 2015 and to furnish the accompanying press release that contains these details.

The accompanying press release presents both GAAP (Generally Accepted Accounting Principles) financial measures and non-GAAP financial measures. Management believes the non-GAAP measures offer useful supplemental information to investors.

The specific financial details are located in the press release issued by QUALCOMM Incorporated on January 28, 2015, which is included as Exhibit 99.1 in this 8-K filing.

The company states that non-GAAP financial measures should be considered in addition to, not as a substitute for, or superior to, the financial measures calculated in accordance with GAAP. The press release also provides a reconciliation and rationale for their use.