Qualcomm reports $5.6 billion revenue, 4% YoY growth in FY Q3 2018, decides to terminate NXP acquisition plans

Qualcomm Incorporated today announced results for its fiscal third quarter ended June 24, 2018. The company has reported a revenue of $5.6 billion compared to $5.4 billion from the same time last year. This is a good 4% improvement YoY. Qualcomm's operating income comes to around $0.9 billion versus the $0.8 billion from Q3 Fiscal 2017 and is a 20% growth.   As for the Net income, Qualcomm has reported $1.2 billion and saw a growth of around 41%, the Diluted earnings per share is around $0.82 with a 41% growth and the Operating cash flow is around $2.1 billion compared to $0.2 billion from Q3 Fiscal 2017. As for the Third Quarter, Non-GAAP results, it excludes the QSI (Qualcomm Strategic Initiatives) segment and certain share-based compensation, acquisition-related items, tax items and other items. It reported a revenue of $5.6 billion with a 6% growth, an Operating income of $1.4 billion with 16% improvement. The Diluted earnings per share are $1.01 with 22% YoY change. On another note, Qualcomm back in 2016 set its sights on purchasing NXP Semiconductors N.V. (NXP) for estimated total cash of $44 billion. However, the company is now expecting to terminate the acquisition as a result of a continued absence of regulatory approval from the Chinese ...