Qualcomm Announces Second Quarter Fiscal 2016 Results
Revenues $5.6 billion | GAAP EPS $0.78, Non-GAAP EPS $1.04
Qualcomm Incorporated (NASDAQ: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today announced results for its fiscal second quarter ended March 27, 2016.
“Our fiscal second quarter results were driven by stronger than expected performance across our chipset and licensing businesses,” said Steve Mollenkopf, CEO of Qualcomm Incorporated. “We are pleased with our continued progress in the licensing business, including the recent conclusion of new license agreements in China and the resolution of our dispute with LG Electronics. We are continuing to build momentum into the second half of our fiscal 2016 with traction for our Snapdragon processors in the premium and high tiers and strong execution of our strategic realignment plan.”
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