Where can I find the detailed financial results?

The detailed financial results are located in the press release issued by QUALCOMM Incorporated on November 3, 2021, which is furnished as Exhibit 99.1 to this 8-K filing and incorporated by reference.

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

Non-GAAP financial measures are financial metrics that exclude or include amounts that differ from the most directly comparable measure calculated and presented in accordance with GAAP. Qualcomm's management believes these Non-GAAP measures provide useful supplemental information to investors regarding the company's financial condition and operational performance, offering a different perspective on results.

Should I 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. It is important to review the company's provided reconciliation between Non-GAAP and GAAP figures for a complete understanding.

QCOM 8-K: Earnings & Results

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

The main purpose of this 8-K filing is to publicly announce and provide access to Qualcomm's financial results for its fourth quarter and full fiscal year ended September 26, 2021. It formally introduces the accompanying press release which contains the detailed financial information.

Summary

Qualcomm Incorporated (QCOM) filed an 8-K on November 2, 2021, to announce its financial results for the fourth quarter and full fiscal year ended September 26, 2021. The key takeaway from this filing is the release of their earnings press release, which provides detailed financial performance information. Investors should refer to the furnished press release (Exhibit 99.1) for the most comprehensive understanding of QCOM's operational and financial condition during this period. The press release includes both GAAP and Non-GAAP financial measures. The company's management believes that presenting Non-GAAP measures offers valuable insights for investors, providing an alternative view of financial performance. Investors are encouraged to review these Non-GAAP measures alongside the standard GAAP figures and understand the reconciliation provided by the company to fully assess Qualcomm's financial health and operational achievements.

Key Highlights

1QCOM released its financial results for its fourth quarter and fiscal year ended September 26, 2021, via an 8-K filing on November 2, 2021.
2The filing incorporates by reference the company's press release dated November 3, 2021 (Exhibit 99.1) containing the detailed financial results.
3The press release includes both GAAP (Generally Accepted Accounting Principles) and Non-GAAP financial measures.
4Qualcomm's management asserts that Non-GAAP financial measures provide useful information to investors.
5Investors should review the provided reconciliation between Non-GAAP and GAAP financial measures.
6The 8-K filing itself is primarily a notification of the earnings release, with the press release containing the substantive financial details.

QUALCOMM INC/DE 8-K Report, Financial Results (Nov 3, 2021)

Summary

Key Highlights

Frequently Asked Questions