Qualcomm Stock Drops as Licensing Revenue Outweighs Record Sales
1. Qualcomm stock drops 5% after missing licensing revenue estimates. 2. Q1 revenue of $11.67B, up 17% YoY, exceeded estimates. 3. Licensing revenue at $1.54B, slightly below forecast, weighs on investor sentiment. 4. QTL revenue is crucial, contributing 75% of segment earnings before taxes. 5. Qualcomm shares rose 22% over the past year despite current drop.