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.
Frequently Asked Questions
The main purpose of this 8-K filing is to announce and provide the press release detailing Qualcomm's financial results for its fourth quarter and fiscal year ended September 25, 2022.
The specific financial results are detailed in the press release furnished as Exhibit 99.1 to this 8-K filing. This press release should be reviewed for the detailed financial performance.
The Non-GAAP financial measures are presented by Qualcomm's management as providing useful insights into the company's financial condition and results of operations. However, investors are cautioned to consider these measures in addition to, not as a substitute for, the standard GAAP financial measures.
This particular 8-K filing, dated November 2, 2022, is specifically for reporting financial results. It does not appear to contain information about new business developments, material agreements, or other material events beyond the financial performance announcement.