MAAT INDEX

CLAIM #51222 · Qualcomm Incorporated (QCOM) · 2022Q3 earnings call · Jul 27, 2022 · due Dec 31, 2022

We do expect it to be calibrated by some of the same factors that we saw impacting us in fourth quarter, but still expect strong growth rates as we look out to the December quarter.

Akash Palkhiwala · CFO

CANNOT_DETERMINE
resolved by a revision, graded at the moved level · official band 5 percent
Committed
still expect strong growth rates as we look out to the December quarter
Reported
we expect revenues of $7.7 billion to $8.3 billion and EBT margins of 26% to 28%

In context

h, you’ve been ordinarily kind enough to give us some out quarter views on prior calls and with all the movement in the end market and the fact that you’re lowering the forecast for the full calendar year on handsets, if you have any color that you could give us directionally into the December quarter, we’d be really grateful. Thank you. Akash Palkhiwala: Sure, Matt. As you know, December quarter is seasonally a strong quarter for us, both up for the QCT handset business and the QTL business. So that remains unchanged. We’re still going to see flagship device launches and holiday season increases that will benefit our financial performance. And we’ll see -- we are forecasting growth from third fiscal to fourth fiscal quarter, and we’ll see growth again going into the first fiscal quarter. We do expect it to be calibrated by some of the same factors that we saw impacting us in fourth quarter, but still expect strong growth rates as we look out to the December quarter. Operator: Thank you. Our next question is coming from Tal Liani with Bank of America. Tal Liani: Hi, guys. First question is on balance sheet. Cash and equivalents went down by $4.5 billion, if you can give us some data there? And second, I want to talk about RF. RF on a sequential basis is slowing down. And the question is, it’s basically down on a cumulative sequential basis, it’s down already. And the question is whether the share gain story is over and now it’s going to trend in line with the market. Can you take us through kind of the trends, but also the ASP trends that you’re seeing in the RF segment, RF of QCT, of course? Akash Palkhiwala: Sure. Tal, it’s Akash. I’ll start with the first question and also start the second one and Cristiano can add on top. On the cash balance, as y

Verify independently

SEC filings for QCOM · Claim quote is verbatim from the 2022Q3 earnings call.