Qualcomm will book a one-time payment of $4.5 billion to $4.7 billion in the fiscal third quarter from the settlement, as Apple catches up on royalties that the iPhone maker did not pay while they were locked a legal dispute.Excluding that payment, Qualcomm estimated $4.7 billion to $5.5 billion in revenue, with a midpoint slightly below the $5.29 billion analysts were expecting, according to IBES data from Refinitiv.
Qualcomm estimated $1.23 billion to $1.33 billion in revenue for its licensing business in the third quarter, with a midpoint slightly above analysts’ consensus forecast of $1.22 billion according to Refinitiv data.
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