The company said that on May 7, 2024, the U.S. Department of Commerce notified it that it was revoking the company's license to export 4G and certain other integrated circuit products, including Wi-Fi products, to Huawei Device Co., Ltd. and its affiliates and subsidiaries.

8-KRegulation FD DisclosureFiled May 9, 2024Period of report May 9, 2024Summary published (UTC) Oct 30, 2026

Key points

AI summary

The company said that on May 7, 2024, the U.S. Department of Commerce notified it that it was revoking the company's license to export 4G and certain other integrated circuit products, including Wi-Fi products, to Huawei Device Co., Ltd. and its affiliates and subsidiaries.
QUALCOMM said it had disclosed in its Form 10-Q filed on May 1, 2024 that it did not expect to receive product revenues from Huawei beyond the calendar year. It added that the revocation has moved that date to May 7, 2024.
Despite the license revocation, the company said it is not changing its financial guidance for the third quarter of fiscal 2024 provided in its earnings release on May 1, 2024. The guidance covers Q3.
The company said it implemented measures to comply immediately with the revocation. It also said the information in this Item 7.01 is furnished and is not treated as filed under the Securities Exchange Act of 1934.

Summary

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Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

U.S. Commerce Revokes Huawei Export License

The company said that on May 7, 2024, the U.S. Department of Commerce notified it that it was revoking the company's license to export 4G and certain other integrated circuit products, including Wi-Fi products, to Huawei Device Co., Ltd. and its affiliates and subsidiaries.

Source · Based on the filing body and exhibits

Change in Timing of Huawei Product Revenue End

QUALCOMM said it had disclosed in its Form 10-Q filed on May 1, 2024 that it did not expect to receive product revenues from Huawei beyond the calendar year. It added that the revocation has moved that date to May 7, 2024.

Source · Based on the filing body and exhibits

Fiscal 2024 Q3 Guidance Unchanged

Despite the license revocation, the company said it is not changing its financial guidance for the third quarter of fiscal 2024 provided in its earnings release on May 1, 2024. The guidance covers Q3.

Source · Based on the filing body and exhibits

Immediate Compliance Measures and Filing Status

The company said it implemented measures to comply immediately with the revocation. It also said the information in this Item 7.01 is furnished and is not treated as filed under the Securities Exchange Act of 1934.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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