Summary
Qualcomm Incorporated (QCOM) filed an 8-K on November 2, 2016, to report its financial results for the fourth quarter and full fiscal year ended September 25, 2016. The primary purpose of this filing is to furnish the accompanying press release, which contains detailed financial performance information. Investors should refer to the press release for comprehensive data on revenue, earnings, and other key financial metrics for the period. It is important to note that the press release includes both GAAP (Generally Accepted Accounting Principles) and non-GAAP financial measures. Qualcomm's management believes that the non-GAAP measures provide valuable insights into the company's operational performance and financial condition. The filing emphasizes that these non-GAAP measures should be considered alongside, and not as a replacement for, the GAAP figures. Investors are encouraged to review the reconciliation provided in the press release to understand the differences and Qualcomm's rationale for presenting these non-GAAP metrics.
Key Highlights
- 1Filing made to report Q4 and full fiscal year 2016 financial results.
- 2Press release containing financial results is furnished as Exhibit 99.1.
- 3Results cover the period ending September 25, 2016.
- 4Company's management believes non-GAAP financial measures offer useful investor insights.
- 5Reconciliation between GAAP and non-GAAP measures is provided in the press release.
- 6Non-GAAP measures are presented in addition to, not as a substitute for, GAAP measures.