Summary
Qualcomm Incorporated (QCOM) filed an 8-K on November 2, 2022, to announce its financial results for the fourth quarter and full fiscal year ended September 25, 2022. The key information for investors is contained within the furnished press release (Exhibit 99.1), which details the company's performance. Investors should note that the press release includes both GAAP and Non-GAAP financial measures, with the company providing reconciliations and management's rationale for using these non-GAAP figures to offer a more insightful view of their financial condition and operational results. The Non-GAAP measures should be considered supplementary to, not a replacement for, GAAP figures.
Key Highlights
- 1QCOM announced Q4 and full fiscal year 2022 financial results on November 2, 2022.
- 2The 8-K filing primarily serves to furnish the press release containing these financial results.
- 3The press release includes detailed financial performance for both the fourth quarter and the full fiscal year.
- 4Non-GAAP financial measures are presented in addition to GAAP measures.
- 5The company provides reconciliations between Non-GAAP and GAAP financial measures.
- 6Management believes Non-GAAP measures offer useful insights into financial condition and operational results.
- 7Investors are advised to consider Non-GAAP measures alongside, not in lieu of, GAAP measures.