June 2007 -- Qualcomm Inc. continues its record setting performance with the second quarter 2007 (ended April 1) revenues of $2.22 billion, up 21% year-over-year and 12% sequentially. Revenues for the first quarter of fiscal 2007 (ending December 31, 2006) reached $2.02 billion, up 16% year-over-year and 1% sequentially.
Qualcomm finished its 2006 fourth quarter (ended September 24, 2006) with revenues of $2.00 billion up 28% year-over-year and 2% sequentially. For fiscal 2006, revenues totaled $7.53 billion, up 33% year-over-year.
Adds CEO Paul E. Jacobs: "We shipped a record 207 million MSM chips in fiscal 2006 -- up from 151 million in fiscal 2005. As of September 2006, there were approximately 402 million subscribers using third generation (3G) CDMA-based networks worldwide as compared to approximately 273 million at the same point in 2005."
Jacobs also has an optimistic assessment for the rest of 2007: "Based on our current outlook, thanks primarily to stronger than expected chipset demand across our product portfolio and higher CDMA2000 handset shipments, we are raising our fiscal 2007 revenue and earnings per share guidance."
