Where can I find the specific financial results for QCOM's third quarter of fiscal 2019?

The specific financial results, including detailed GAAP and non-GAAP figures, are located in the press release issued by QUALCOMM Incorporated on July 31, 2019. This press release is included as Exhibit 99.1 in the 8-K filing and is incorporated by reference.

What are non-GAAP financial measures and why does QCOM use them?

Non-GAAP financial measures are financial metrics that exclude or include amounts used in the GAAP calculation. Qualcomm uses these measures, as detailed in the press release, to provide what management believes is useful information to investors about the company's ongoing operational performance and financial condition. They are intended to supplement, not replace, GAAP measures.

Should I focus only on the non-GAAP financial measures presented?

No, investors should not solely focus on the non-GAAP financial measures. Qualcomm explicitly states that these non-GAAP measures should be considered in addition to, and not as a substitute for, or superior to, the financial measures calculated in accordance with GAAP. It's important to review both GAAP and non-GAAP figures, as well as the provided reconciliations.

QCOM 8-K: Earnings & Results

Summary

Qualcomm Incorporated (QCOM) filed an 8-K on July 31, 2019, to report its financial results for the third quarter of fiscal year 2019, which ended on July 30, 2019. The primary purpose of this filing is to incorporate by reference the press release detailing these results, which was issued on the same date. Investors should refer to the press release (Exhibit 99.1) for specific financial figures and management's commentary on performance. The company's management has included non-GAAP financial measures in its earnings release. Qualcomm emphasizes that these non-GAAP measures are provided to offer additional insights and should be considered alongside, not as a replacement for, GAAP-compliant financial information. Reconciliation tables between non-GAAP and GAAP figures are available within the press release, along with management's rationale for using these alternative measures.

Key Highlights

1QCOM announced its third-quarter fiscal year 2019 financial results via a press release filed on July 31, 2019.
2The filing incorporates by reference a press release dated July 31, 2019, detailing the Q3 FY19 results.
3The press release contains both GAAP and non-GAAP financial measures.
4Qualcomm provides reconciliations between non-GAAP and GAAP financial figures in the press release.
5Management believes non-GAAP measures offer useful supplemental information to investors.
6Investors are advised to consider non-GAAP measures in conjunction with, not as a substitute for, GAAP measures.
7The event date for the financial results reported was July 30, 2019.

QUALCOMM INC/DE 8-K Report, Financial Results (Jul 31, 2019)

Summary

Key Highlights

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