Summary
Qualcomm Incorporated (QCOM) filed an 8-K on July 19, 2017, to report its financial results for the third quarter of fiscal year 2017. The report primarily references a press release (Exhibit 99.1) that contains the detailed financial outcomes and operational performance for the quarter. Investors should note that this filing includes non-GAAP financial measures, which management believes offer additional useful insights into the company's performance. These non-GAAP measures are presented alongside their most directly comparable GAAP figures, with reconciliations provided, emphasizing their supplementary nature to traditional accounting principles.
Key Highlights
- 1QCOM announced its Q3 fiscal year 2017 financial results on July 19, 2017.
- 2The 8-K filing incorporates by reference a press release (Exhibit 99.1) containing the detailed financial results.
- 3The press release includes the company's results for its third quarter of fiscal 2017.
- 4Non-GAAP financial measures are presented in the accompanying press release.
- 5Management believes non-GAAP measures provide useful information to investors.
- 6Reconciliations between GAAP and non-GAAP financial measures are provided.
- 7The non-GAAP measures are presented as supplementary information and not as a substitute for GAAP measures.
Frequently Asked Questions
This 8-K filing serves to announce and provide access to Qualcomm's (QCOM) financial results for its third quarter of fiscal year 2017 through an accompanying press release.
The press release referenced in the filing includes both GAAP (Generally Accepted Accounting Principles) and non-GAAP financial measures. The company's management believes the non-GAAP measures offer additional useful insights for investors.
The detailed financial results for QCOM's third quarter of fiscal 2017 are contained within the press release furnished as Exhibit 99.1 to this 8-K filing.
The non-GAAP financial measures are presented as supplementary information to provide investors with additional perspectives on the company's financial condition and results of operations. They should be considered in addition to, and not as a substitute for, GAAP measures.