Qualcomm
QCOMQ1 2026Estimated4% AI
AI Revenue %
4%
AI Fair Value
$3.0B
AI Revenue (Q)
$466.8M
Total Revenue (Q)
$11.7B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2026 (Dec 2025 quarter). Total revenue $12,252M. QCT $10,613M (Handsets $7,824M, Automotive $1,101M, IoT $1,688M), QTL $1,592M, nonreportable $47M. Alphawave acquisition closed Dec 18, 2025 for $2.3B -- adds high-speed wired connectivity for data center expansion. Goodwill increased by ~$2.2B from Alphawave. Data Center business now a named nonreportable segment. Nonreportable segment EBT shows ($85M) loss, suggesting significant investment in data center. AI content continues to grow across all sub-segments. Math: Handsets ~4% ($7,824M * 0.04 = $313M, reflecting next-gen Snapdragon with enhanced AI) + Auto ADAS AI ~$220M ($1,101M * 0.20) + IoT AI ~$101M ($1,688M * 0.06) + Data Center ~$25M (still early, mostly R&D losses) = ~$490M (use conservative $490M). $490M / $12,252M = ~4.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Handsets $7,824M, Automotive $1,101M, IoT $1,688M
10-Q Note 2 Revenue Disaggregation, period ended December 28, 2025
QCT $10,613M, QTL $1,592M, nonreportable segments $47M
10-Q Note 6 Segment Information, period ended December 28, 2025
Alphawave develops high-speed wired connectivity technologies delivering IP, custom silicon and connectivity products. The acquisition is intended to further accelerate, and provide key assets for, our expansion into data centers
10-Q Note 8 Acquisitions, period ended December 28, 2025
Nonreportable segments EBT ($85M)
10-Q Note 6 Segment Information, period ended December 28, 2025
AI Products Identified (Ring 1)
Snapdragon 8 Elite (Hexagon NPU, on-device generative AI)Snapdragon X Elite/Plus (AI PC)Arriver ADAS/ADData Center business (Alphawave)Dragonwing industrial IoT
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/edge networking
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix