高通第三财季营收49亿美元：净利润同比降61%

新浪科技 · Jul 30, 2020 04:14

北京时间7月30日凌晨消息，高通今天发布了2020财年第三财季财报。报告显示，高通第三财季净利润为8.45亿美元，比去年同期的21.49亿美元下降61%；营收为48.93亿美元，相比之下去年同期为96.35亿美元。高通第三财季调整后营收和每股收益均超出华尔街分析师预期，且第四财季业绩展望也超出预期，从而推动其盘后股价大幅上涨12%以上。

主要业绩：

在截至6月28日的这一财季，高通的净利润为8.45亿美元，比去年同期的21.49亿美元下降61%；每股摊薄收益为0.74美元，比去年同期的1.75美元大幅下降。高通第三财季运营利润为7.82亿美元，相比之下去年同期为53.17亿美元。不计入特殊的一次性项目（不按照美国通用会计准则），高通第三财季的调整后运营利润为12.23亿美元，相比之下去年同期为12.14亿美元。

不计入特殊的一次性项目（按照美国通用会计准则），高通第三财季净利润为9.82亿美元，与去年同期的9.82亿美元相比持平；每股摊薄收益为0.86美元，比去年同期的0.80美元增长8%，这一业绩超出分析师预期。据雅虎财经网站提供的数据显示，23名分析师此前平均预期高通第三财季每股收益将达0.71美元。

高通第三财季营收为48.93亿美元，相比之下去年同期为96.35亿美元。不按照美国通用会计准则，高通第三财季调整后营收为48.90亿美元，与去年同期的48.94亿美元相比基本持平，这一业绩也超出分析师预期。据雅虎财经网站提供的数据显示，22名分析师此前平均预期高通第三财季营收将达48.1亿美元。

高通第三财季总运营成本和支出为41.11亿美元，低于去年同期的43.18亿美元。其中，营收成本为20.80亿美元，低于去年同期的21.14亿美元；研发支出为15.20亿美元，高于去年同期13.80亿美元；销售、总务和行政支出为5.11亿美元，低于去年同期的5.47亿美元；其他支出为零，相比之下去年同期为2.77亿美元。

高通第三财季的MSM芯片出货量为1.30亿，与去年同期的1.56亿相比下降17%。

各部门业绩：

高通第三财季来自设备和服务的营收为37.94亿美元，高于去年同期的35.31亿美元；来自授权的营收为10.99亿美元，低于去年同期的61.04亿美元。

高通CDMA技术集团第三财季营收为38.07亿美元，比去年同期的37.94亿美元增长7%；税前利润为6.03亿美元，比去年同期的5.04亿美元增长20%，在营收中所占比例为16%，高于去年同期的14%。高通技术授权集团第三财季营收为10.44亿美元，比去年同期的10.99亿美元下降19%；税前利润为6.46亿美元，比去年同期8.98亿美元下降28%，在营收中所占比例为62%，低于去年同期的70%。

其他财务信息：

高通第三财季运营现金流为18.72亿美元，相比之下去年同期为49.09亿美元。截至2020财年第三财季末，高通所持现金和现金等价物总额为61.20亿美元，相比之下截至2019财年第三财季末为139.23亿美元。

高通在2020财年第三财季中以派发现金股息的方式返还了7.33亿美元现金，约合每股0.65美元；同时以1.10亿美元的价格回购了160万股普通股。

业绩展望：

高通预计2020财年第四财季营收将达73亿美元到81亿美元；不按照美国通用会计准则的营收将达55亿美元到63亿美元，其中值（59亿美元）超出预期；每股摊薄收益将达2.12美元到2.32美元；不按照美国通用会计准则的每股摊薄收益将达1.05美元到1.25美元，其中值（1.15美元），超出预期。据雅虎财经网站提供的数据显示，22名分析师平均预期高通第四财季营收将达57.8亿美元，23名分析师平均预期高通第四财季调整后每股收益将达1.08美元。

高通还预计，2020财年第四财季的MSM芯片出货量将达1.45亿到1.65亿。按部门划分，高通预计CDMA技术集团第四财季的营收将达43亿美元到49亿美元之间，技术授权集团第四财季的营收将达12亿美元到14亿美元之间。

股价变动：

当日，高通股价在纳斯达克常规交易中上涨1.58美元，报收于93.03美元，涨幅为1.73%。在随后截至美国东部时间周三下午5点07分（北京时间周四凌晨5点07分）为止的盘后交易中，高通股价再度上涨11.42美元，至104.45美元，涨幅为12.28%。过去52周，高通的最高价为96.17美元，最低价为58.00美元。(唐风)

News in the early morning of July 30, Beijing time,QualcommThe financial report for the third fiscal quarter of FY2020 was released today. The report shows that Qualcomm's net profit for the third fiscal quarter was US$845 million, down 61% from US$2.149 billion in the same period last year; revenue was US$4.893 billion, compared to US$9.635 billion in the same period last year. Qualcomm's adjusted revenue for the third fiscal quarter and earnings per share both exceeded Wall Street analysts' expectations, and the earnings outlook for the fourth fiscal quarter also exceeded expectations, thus driving its post-market stock price to rise sharply by more than 12%.

Main performance:

In the fiscal quarter ending June 28, Qualcomm's net profit was US$845 million, down 61% from US$2.149 billion in the same period last year; diluted earnings per share were US$0.74, a sharp drop from US$1.75 in the same period last year. Qualcomm's operating profit for the third fiscal quarter was US$782 million, compared to US$5.317 billion in the same period last year. Excluding special one-off projects (not in accordance with US GAAP), Qualcomm's adjusted operating profit for the third fiscal quarter was US$1,223 billion, compared to US$1,214 billion for the same period last year.

Excluding special one-off projects (according to US GAAP), Qualcomm's net profit for the third fiscal quarter was US$982 million, the same as US$982 million in the same period last year; diluted earnings per share were US$0.86, up 8% from US$0.80 in the same period last year. This performance exceeded analysts' expectations. According to data provided by the Yahoo Finance website, 23 analysts had previously predicted that Qualcomm's earnings per share for the third fiscal quarter would reach 0.71 US dollars.

Qualcomm's revenue for the third fiscal quarter was US$4.893 billion, compared to US$9.635 billion for the same period last year. Without US GAAP, Qualcomm's adjusted revenue for the third fiscal quarter was US$4.890 billion, which is basically the same as US$4.884 billion in the same period last year. This performance also exceeded analysts' expectations. According to data provided by the Yahoo Finance website, 22 analysts had previously predicted that Qualcomm's revenue for the third fiscal quarter would reach 4.81 billion US dollars.

Qualcomm's total operating costs and expenses for the third fiscal quarter were US$4.111 billion, down from US$4,318 billion in the same period last year. Among them, revenue costs were US$2,080 billion, down from US$2.114 billion in the same period last year; R&D expenses were US$1,520 million, up from US$1,380 million in the same period last year; sales, general affairs and administrative expenses were US$511 million, down from US$547 million in the same period last year; and other expenses were zero, compared to US$277 million in the same period last year.

Qualcomm's MSM chip shipments in the third fiscal quarter were 130 million, down 17% from 156 million in the same period last year.

Performance of each department:

Qualcomm's third fiscal quarter revenue from equipment and services was US$3,794 billion, up from US$3,531 billion in the same period last year; revenue from licensing was US$1,099 billion, down from US$6.104 billion in the same period last year.

Qualcomm CDMA Technology Group's revenue for the third fiscal quarter was US$3.807 billion, up 7% from US$3.794 billion in the same period last year; profit before tax was US$603 million, up 20% from US$504 million in the same period last year, accounting for 16% of revenue, up from 14% in the same period last year. Qualcomm Technology Licensing Group's revenue for the third fiscal quarter was US$1,044 million, down 19% from US$1,099 million in the same period last year; profit before tax was US$646 million, down 28% from US$888 million in the same period last year, accounting for 62% of revenue, down 70% from the same period last year.

Additional financial information:

Qualcomm's operating cash flow for the third fiscal quarter was US$1,872 billion, compared to US$4.909 billion for the same period last year. As of the end of the third fiscal quarter of FY2020, the total amount of cash and cash equivalents held by Qualcomm was US$6.120 billion, compared to US$13.923 billion as of the end of the third fiscal quarter of FY2019.

In the third fiscal quarter of FY2020, Qualcomm returned $733 million in cash, or approximately $0.65 per share, by distributing cash dividends; at the same time, it repurchased 1.6 million shares of common stock at a price of US$110 million.

Performance outlook:

Qualcomm expects revenue for the fourth fiscal quarter of FY2020 to reach US$7.3 billion to US$8.1 billion; revenue that does not comply with US GAAP will reach US$5.5 billion to US$6.3 billion, the value of which (US$5.9 billion) exceeds expectations; diluted earnings per share will reach $2.12 to $2.32; and diluted earnings per share that do not comply with US GAAP will reach $1.05 to $1.25, the median value ($1.15), exceeding expectations. According to data provided by the Yahoo Finance website, the average of 22 analysts expected Qualcomm's revenue for the fourth fiscal quarter to reach 5.78 billion US dollars, and the average of 23 analysts expected Qualcomm's earnings per share after adjustment for the fourth fiscal quarter to reach 1.08 US dollars.

Qualcomm also expects MSM chip shipments in the fourth fiscal quarter of FY2020 to reach 145 million to 165 million. By division, Qualcomm expects the CDMA Technology Group's revenue for the fourth fiscal quarter to reach between US$4.3 billion and US$4.9 billion, and the Technology Licensing Group's revenue for the fourth fiscal quarter will reach between US$1.2 billion and US$1.4 billion.

Stock price changes:

On the same day, Qualcomm's stock price wasNASDAQIt rose $1.58 in regular trading to close at $93.03, or 1.73%. In after-hours trading ending at 5:07 p.m. EST on Wednesday (5:07 a.m. Beijing time on Thursday), Qualcomm's stock price rose again by $11.42 to $104.45, or 12.28%. Over the past 52 weeks, Qualcomm's highest price was $96.17 and the lowest price was $58.00. (Tang Feng)

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高通第三财季营收49亿美元：净利润同比降61%

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