Qualcomm (QCOM) Misses Q4 EPS by 5c

Qualcomm (NASDAQ: QCOM) reported Q4 EPS of $1.26, $0.05 worse than the analyst estimate of $1.31. Revenue for the quarter came in at $6 billion versus the consensus estimate of $7.02 billion.

Key Business Metrics

Fourth Quarter Fiscal 2014

• MSM™ chip shipments: 236 million units, up 24 percent y-o-y and 5 percent sequentially.
• June quarter total reported device sales: approximately $57.4 billion, down 5 percent y-o-y and 1 percent sequentially.
  • Includes an estimated 256 to 260 million 3G/4G devices at an estimated average selling price of approximately $220 to $226 per unit.

Fiscal 2014

• MSM chip shipments: 861 million units, up 20 percent y-o-y.
• Total reported device sales (September quarter through June quarter): approximately $243.6 billion, up 5 percent y-o-y.
  • Includes an estimated 1,077 to 1,093 million 3G/4G devices at an estimated average selling price of approximately $222 to $228 per unit.

Business Outlook

Sees Q1 revenue of $6.6-$7.2 billion and EPS of $1.18 to $1.30, versus the consensus of $7.39 billion and $1.43.

Sees FY 2015 revenue of $26.8-$28.8 billion and EPS of $5.05-$5.35 versus the consensus of $28.9 billion and $5.58.

For earnings history and earnings-related data on Qualcomm (QCOM) click here.

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