Qualcomm
QCOMQ1 2024Estimated2% AI
AI Revenue %
2%
AI Fair Value
$1.3B
AI Revenue (Q)
$187.8M
Total Revenue (Q)
$9.4B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2024 (Dec 2023 quarter). Total revenue $9,935M. QCT $8,423M (Handsets $6,687M, Automotive $598M, IoT $1,138M), QTL $1,460M, nonreportable $39M. Sub-segment breakout now available. Snapdragon 8 Gen 3 launched with significantly enhanced NPU for on-device generative AI. Automotive ADAS/AD portion (~30% of auto revenue = ~$180M) has AI content. IoT includes some AI-enabled PCs. Cloud computing processing initiative in nonreportable (~$6M or less). Math: Handsets ~3% NPU attribution ($6,687M * 0.03 = $201M) + Automotive ADAS AI ~$90M ($598M * 0.15) + IoT AI ~$34M ($1,138M * 0.03) + cloud AI ~$6M = ~$331M. QTL 0%. $200M / $9,935M = ~2.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Handsets $6,687M, Automotive $598M, IoT $1,138M
10-Q Note 2 Revenue Disaggregation, period ended December 24, 2023
QCT $8,423M, QTL $1,460M, nonreportable segments $39M
10-Q Note 6 Segment Information, period ended December 24, 2023
nonreportable segments, including QGOV (Qualcomm Government Technologies) and our cloud computing processing initiative
10-Q Note 6 Segment Information, period ended December 24, 2023
AI Products Identified (Ring 1)
Snapdragon 8 Gen 3 (Hexagon NPU for on-device generative AI)Arriver ADAS/AD computer visionCloud AI 100 inference accelerator (nonreportable segment)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
RFFE componentsSnapdragon compute platformAutomotive connectivity/digital cockpitIoT consumer/industrial products
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix