What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to report Qualcomm's financial results for its third quarter of fiscal year 2020, as detailed in an accompanying press release.

What are non-GAAP financial measures and why are they included?

Non-GAAP financial measures are accounting measures not prepared in accordance with Generally Accepted Accounting Principles (GAAP). Qualcomm includes them because management believes they provide useful information to investors regarding the company's financial condition and results of operations, offering a different perspective on performance.

Where can I find the detailed financial results?

The detailed financial results, including GAAP and non-GAAP figures and their reconciliations, are available in the press release furnished as Exhibit 99.1 to this 8-K filing.

Should investors rely solely on the non-GAAP financial measures?

No, investors should consider the non-GAAP financial measures in addition to, not as a substitute for, or superior to, the financial measures calculated and presented in accordance with GAAP. The press release provides reconciliations to help understand the differences.

QCOM 8-K: Earnings & Results

Summary

Qualcomm Incorporated (QCOM) filed an 8-K on July 29, 2020, to report its financial results for the third quarter of fiscal year 2020. The filing primarily incorporates by reference a press release detailing these results, which includes both GAAP and non-GAAP financial measures. Investors should note that the non-GAAP measures are presented to provide additional insight into the company's performance, and management believes they offer a useful perspective alongside the standard GAAP figures. The press release contains reconciliations to facilitate comparison and is the primary source for detailed financial performance data.

Key Highlights

1QCOM reported its Q3 fiscal year 2020 financial results on July 29, 2020.
2The 8-K filing incorporates by reference a press release containing these financial results.
3The press release includes both GAAP and non-GAAP financial measures.
4Management believes non-GAAP measures provide useful information to investors.
5Reconciliations between GAAP and non-GAAP measures are provided in the press release.
6The filing is furnished as Exhibit 99.1.
7An Inline XBRL interactive data file is included as Exhibit 101.

QUALCOMM INC/DE 8-K Report, Financial Results (Jul 29, 2020)

Summary

Key Highlights

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