The second fiscal quarter ending March 25th, 20 18: Based on US GAAP, Qualcomm's revenue reached US$ 52.6 10 billion, an increase of 5% compared with US$ 5.010.6 billion in the same period last year; Net profit was $363 million, down 52% from $749 million in the same period last year. According to non-GAAP, diluted earnings per share was $0.80, down 40% from $65,438+0.34 in the same period last year, down 65,438+08% from $0.98 in the previous fiscal quarter, but higher than the average analyst's expectation of $0.70.
Affected by this, Qualcomm's share price rose by 2. 1 1% to $50.80, still at the low level in the past half month.
In terms of specific business, the revenue of Qualcomm CDMA Technology Group (QCT) was US$ 3.897 billion, up 6% from US$ 3.676 billion in the same period last year and down 6.5438+06% from the previous month. The revenue of Qualcomm Technology Licensing Department (QTL) was $654.38+$26 million, down 44% from $2.249 billion in the same period last year and 3% from the previous month. The shipment of MSM chips (mobile station modems) was 65.438+0.87 billion pieces, up 4% year-on-year and down 265.438+0% month-on-month.
Qualcomm attributed the sharp year-on-year decline in revenue of the technology licensing department to the negative impact of the dispute with Apple and its foundry. In the financial report, Qualcomm pointed out that in the first two quarters of fiscal year 20 18, the revenue of QTL patent licensing fees related to the remaining disputed manufacturers was not included, while in the first quarter of fiscal year 20 17, the related revenue was 970 million dollars.
Qualcomm used to make a lot of money by charging technology licensing fees, but more and more mobile phone companies are unwilling to pay this fee. In 20 17, Apple stopped paying Qualcomm the patent fee for wireless technology, which directly affected Qualcomm's financial report.
As the fiscal quarter ended on March 25th and the US government sanctioned ZTE in mid-April, the impact of this incident has not been reflected in Qualcomm's financial report. However, it is undeniable that the severe sanctions imposed by the US government put ZTE at risk of "shock" and Qualcomm could not escape this crisis.
As the main chip supplier of ZTE's mobile phone, ZTE's ban will not only seriously affect Qualcomm's income, but also make Qualcomm a victim of Sino-US trade disputes.
On April 19, 2009, the Ministry of Commerce of China said that the merger of Qualcomm and NXP may have a negative impact on the market and is still under review. Qualcomm's acquisition of NXP required the consent of nine countries, but only China failed. Qualcomm CEO Steve Mollenkopf said in Wednesday's earnings conference call that China's Ministry of Commerce will not approve the company's acquisition of NXP in the short term. "We are not immune from the current difficult environment between China and the United States. From the time point of view, now is not the best time to' measure your body temperature'. "
In addition to the impact of ZTE's revenue and the obstacles to the acquisition of NXP, Qualcomm is currently facing multiple crises, such as repeated regulatory fines for technology monopoly, customers becoming rivals, continuous decline in performance, and sharp drop in stock prices. The chip giant is experiencing a "dark moment".