The chip maker added that its third quarter financial outlook includes $150 million of QTL revenues from Huawei.
For the third quarter, Qualcomm is anticipated to generate $0.70 to $0.80 in earnings per share and $9.2 billion to $10.2 billion in revenue.
Since Qualcomm announced its settlement with Apple, QCOM shares gained more than 43 percent.
Qualcomm stock price declined due to its 2Q financial results
However, the chip maker’s stock price was down by more than 3 percent to $83.55 per share after-hours on Wednesday. Market observers believe the decline was probably due to its second quarter financial results.
Qualcomm reported that its 2Q earnings dropped by one percent to $0.77 per share and revenue went down by 6 percent to $4.9 billion year-over-year. Its diluted net income fell by 19 percent to $0.9 billion and operating income down by 6 percent year-over-year.
