Qualcomm raised its financial guidance for the third fiscal quarter ending June 28, 2009. The new outlook includes:
- Revenues: estimated to be $2.67 to $2.77 billion compared to a prior guidance range of $2.40 to $2.60 billion.
- Operating income: estimated to be $1.06 to $1.11 billion pro forma, compared to our prior guidance range of $800 to $900 million; and estimated to be $830 to $880 million (GAAP), compared to prior guidance range of $550 to $650 million.
- CDMA-based Mobile Station Modem (MSM) shipments: estimated to be 94 to 95 million units compared to our prior guidance range of 87 to 92 million units.
- March quarter CDMA-based device shipments: estimated to be 109 to 111 million CDMA units (CDMA2000 and WCDMA), compared to our prior guidance of range of 107 to 112 million units; the CDMA unit average selling price is now estimated to be approximately $191, compared to our prior estimate of approximately $196.
“We are very pleased to raise our fiscal third quarter guidance, reflecting the strong worldwide demand for wireless broadband powered by 3G CDMA,” said Dr. Paul E. Jacobs, chairman and CEO of Qualcomm. “Our increased guidance reflects stronger than expected demand for more data-capable chipsets and increased licensing revenues driven in part by advanced 3G network upgrades. While some chipset demand for developing markets has shifted to the fourth fiscal quarter and demand remains generally strong, due to the current economic environment we remain cautious and currently project a modest sequential decrease in chipset shipments.”http://www.qualcomm.com