Qualcomm posts record revenue, loses high-profile design

Mobile chipmaker Qualcomm reported its quarterly financial results yesterday. For the three months ended December 28, its first fiscal quarter of 2015, the firm posted record revenue of $7.1 billion. Qualcomm made $2 billion in profit, a 5% increase over the same period last year. Here's the full breakdown:

  Q1'15 Q1'14 Change
Revenue $7.1 billion $6.6 billion up 7%
Operating income $2.1 billion $1.5 billion up 38%
Net income $2.0 billion $1.9 billion up 5%

Despite the good news, Qualcomm cut its outlook for the current quarter based on "expectations that [its] Snapdragon 810 processor will not be in the upcoming design cycle of a large customer's flagship device." Although the customer isn't named, Samsung reportedly dropped the 64-bit chip from its upcoming Galaxy S6 smartphone due to overheating issues.

During the conference call following the earnings release, CEO Steven Mollenkopf said the Snapdragon 810 is "working the way we expected it to work." The chip is still coming to over 60 devices, he added, and there don't appear to be any other high-profile defectors.

As Re/code points out, the Snapdragon 810 uses off-the-shelf ARM hardware instead of Qualcomm's custom Krait design; it combines quad Cortex-A57 and -A53 cores in big.LITTLE arrangement. Mollenkopf said a chip with Qualcomm's own custom 64-bit CPU core will sample before the end of the year, but it's unclear when that SoC will be ready to ship in actual devices.

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