8-KEarnings & ResultsExhibits & Filings

QUALCOMM INC/DE 8-K Report, Financial Results (Apr 27, 2022)

Filed April 27, 2022For Securities:QCOM

Summary

Qualcomm Inc. (QCOM) filed an 8-K on April 27, 2022, to report its financial results for the second quarter of fiscal year 2022. The filing primarily consists of a press release containing these results, which investors should review for detailed operational and financial performance information. The company emphasized that the press release includes both GAAP and Non-GAAP financial measures, with explanations provided for the usefulness of Non-GAAP measures. Investors are advised to consider these Non-GAAP measures alongside, not as a replacement for, GAAP figures.

Key Highlights

  • 1QCOM reported its Q2 FY2022 financial results on April 27, 2022, via an 8-K filing.
  • 2The core of the filing is a press release (Exhibit 99.1) detailing the company's financial performance.
  • 3The press release includes both GAAP (Generally Accepted Accounting Principles) and Non-GAAP financial measures.
  • 4Qualcomm's management provided rationale for the presentation of Non-GAAP measures, highlighting their usefulness to investors.
  • 5Investors are encouraged to review the Non-GAAP measures in conjunction with the directly comparable GAAP financial measures.
  • 6The filing also incorporates an Interactive Data File (Exhibit 101) in Inline XBRL format for enhanced data accessibility.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report Qualcomm's financial results for its second quarter of fiscal year 2022, as detailed in the accompanying press release.

The press release includes both financial measures calculated in accordance with U.S. Generally Accepted Accounting Principles (GAAP) and Non-GAAP financial measures. The company explains why it believes the Non-GAAP measures provide useful information to investors.

Investors should consider the Non-GAAP financial measures in addition to, and not as a substitute for, or superior to, the financial measures calculated in accordance with GAAP. The filing indicates that a reconciliation between Non-GAAP and GAAP measures is provided.

The detailed financial results are presented in the press release issued by QUALCOMM Incorporated on April 27, 2022, which is furnished as Exhibit 99.1 to this 8-K filing.