Qualcomm short on 28nm until year-end
Qualcomm will be constrained on 28nm supplies until the end of the year, the company’s COO, Steve Mollenkopf, said at the Q2 results calls.
“We continue to be supply constrained on our 28nm products but are ramping supply with multiple foundries in the September quarter and again into the December quarter.,” said Mollenkopf, “we currently project that we’ll be able to closely match supply with demand as we exit the calendar year.
Mollenkopf added that this effort in getting supplies ramped at four foundries – TSMC, UMC, Globalfoundries and Samsung – was reducing Qualcomm’s profit margins.
Asked to what extent supply constraints were hitting Qualcomm’s bottom line, CFO Bill Keitel would not be drawn any further than saying: “Going out of this quarter, if we could ship all the demand that’s in front of us for this quarter, I would just say that our revenue and operating margin would be materially higher.”
Qualcomm’s Q2 revenues of $4.9bn were up 28% on Q2 2100 and 6% over Q1 2012. Net proft of $2.2bn was up 123% on Q2 2011 and up 59% on Q1 2012. The company eaxpects 28% growth in 2012.