Qualcomm sees Q3 2012 revenues up 28% to $4.6 billion

Sitting on $26.5 billion cash pile

Qualcomm sees Q3 2012 revenues up 28% to $4.6 billion
Chipset IP company Qualcomm (NASDAQ: QCOM) has announced its Q3 FY2012 results for the 3 months ending 24 June 2012.

Revenues were $4.63 billion, up 28 percent year-on-year.

Net income was $1.21 billion, up 17 percent.

The company reported 141 million chips shipped by its licensees, up 18 percent

It said this was due to the strong adoption of 3G and 3G/4G technology globally. However, it expects sales through the remainder of 2012 to slightly moderate.

Smaller, bigger

"Although our outlook for semiconductor volumes in the fiscal fourth quarter has been reduced from our prior expectations, we are ramping supply of our 28 nanometer chipsets to help enable what we expect to be a strong December quarter for our semiconductor business," commented CEO Paul Jacobs.

During the quarter, Qualcomm paid out dividends of $802 million and spent $373 million buying back stock.

The company ended the quarter with $26.5 billion in total cash and marketable securities, down $100 million compared to three months ago.

[source: Qualcomm IR (PDF)]
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