Qualcomm reported record first fiscal quarter earnings Wednesday for its chip business including 5G, auto and IoT semiconductors. Earnings doubled year-over-year for the quarter that ended December 27, while total revenues hit $8.23 billion, including $6.5 billion for its chip segment and $1.6 billion for its licensing segment. The revenue result fell below analyst projections of $8.27 billion and Qualcomm's share price dropped 7% in extended-hours trading to $140.40.