On Jan. 25, Qualcomm
- At first glance, it seems analysts had a crystal ball problem this quarter. But their outlook for per-share earnings excluded the effect of, among other things, stock-based compensation. Without that and other charges, Qualcomm booked $0.39 a stub.
- On the whole, Qualcomm's growth was impressive, especially its 83% increase in free cash flow. (Find out why that's important.)
- But investors still weren't enthused; the shares traded roughly flat. That could be because of the outlook. Qualcomm says its Q2 earnings could be as much as $0.03 lower than last year. Ouch.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q1 2006 |
Q1 2005 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$1,750 |
$1,741 |
$1,390 |
+25.3 |
|
Net Profit |
-- |
$620 |
$513 |
+20.9 |
|
EPS |
$0.38 |
$0.36 |
$0.30 |
+20.0 |
Margin Checkup
|
Q1 2006 |
Q1 2005 |
% Change |
|
|---|---|---|---|
|
Gross Margin |
70.30% |
69.06% |
+1.24 |
|
Op. Margin |
37.05% |
42.01% |
-4.97 |
|
Net Margin |
35.61% |
36.91% |
-1.29 |
Balance Sheet Highlights
|
Assets |
Q1 2006 |
Q1 2005 |
% Change |
|---|---|---|---|
|
Cash + ST Invest. |
$6,984 |
$6,124 |
+14.0 |
|
Inventory |
$195 |
$156 |
+25.0 |
|
Accounts Rec. |
$728 |
$659 |
+10.5 |
|
Liabilities |
Q1 2006 |
Q1 2005 |
% Change |
|---|---|---|---|
|
Long-Term Debt |
-- |
-- |
N/A |
|
Accounts Pay. |
$431 |
$262 |
+64.5% |
Cash Flow Highlights
|
Q1 2006 |
Q1 2005 |
% Change |
|
|---|---|---|---|
|
Cash From Ops |
$596 |
$397 |
+50.1 |
|
Capital Expend. |
$213 |
$188 |
+13.3 |
|
Free Cash Flow |
$383 |
$209 |
+83.3 |
Related Companies:
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Broadcom
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(NYSE:MOT) -
Nokia
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Texas Instruments
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Related Foolishness:
- Check out Rich Smith's Foolish Forecast before you hit the numbers.
- It wasn't long ago that we were questioning Qualcomm's earnings.
- Does Qualcomm have a healthy appetite? It sure seems so.
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.
Fool contributor Tim Beyers owns shares of Nokia. You can find out what else is in his portfolio by checking Tim's Fool profile . The Motley Fool has an ironclad disclosure policy .
