Summary
Qualcomm Incorporated (QCOM) filed an 8-K on February 2, 2023, to report its financial results for the first quarter of fiscal year 2023. The filing primarily consists of a press release detailing these results, which is furnished as an exhibit. 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 the presentation of non-GAAP figures, emphasizing their utility for understanding financial condition and operational results. The non-GAAP measures are intended to supplement, not replace, GAAP measures.
Key Highlights
- 1QCOM reported its Q1 fiscal 2023 financial results on February 2, 2023.
- 2The 8-K filing incorporates by reference a press release detailing the financial results.
- 3The press release includes both GAAP and Non-GAAP financial measures.
- 4Qualcomm provides reconciliations between GAAP and Non-GAAP financial measures.
- 5The company's management believes Non-GAAP measures offer useful insights to investors.
- 6Non-GAAP measures should be considered alongside, not as a substitute for, GAAP measures.
- 7The filing was made on February 2, 2023, concerning results for the quarter ending around that date.