CLAIM #51173 · Qualcomm Incorporated (QCOM) · 2022Q1 earnings call · Feb 2, 2022 · due Dec 31, 2022
“Not really. It will be consistent with our historical seasonality. The one thing to keep in mind is as we closed the Veoneer transaction, they'll become a factor in our OpEx trend going forward.”
Akash Palkhiwala · CFO
In context
“application processor in premium Android, and Android becomes the key story of mobile, not the modem. It's really the application processor. And the Snapdragon 800 is the key story. Plus, we have the processing and connectivity into automotive and IoT. It is accretive to margins. The business gains scale, and those are highly profitable, I think, product offerings. So those two things have a factor, and it's reflected in the QCT 35% operating margin. Ross Seymore: Thanks for the color. I guess as my follow-up, one probably for Akash, on the OpEx side of things. It looks like the March quarter is doing what it typically does in your guidance, up seasonally. Any puts and takes for the rest of the year that would be different than your traditional seasonality in that line? Akash Palkhiwala: Not really. It will be consistent with our historical seasonality. The one thing to keep in mind is as we closed the Veoneer transaction, they'll become a factor in our OpEx trend going forward. But overall, there's -- you should expect the trend to be consistent with historical. Operator: Thank you. Our next question is coming from Matt Ramsay with Cowen. Please proceed with your question. Matt Ramsay: Thank you very much. Good afternoon everybody. Cristiano, I wanted to -- a lot of the conversation here has been focused on supply versus demand for your products and the wafers and et cetera that takes to make your products. But a lot of the calls we all do in semis, we're hearing about match [ph] set issues and kitting issues for your end customers making devices. And what I've heard more about in the last six months and I expect to going forward is, is maybe a push by Qualcomm to use your scale to help your OEM customers get the remainder of the kit to make phones, pushing peop”
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SEC filings for QCOM ↗ · Claim quote is verbatim from the 2022Q1 earnings call.