Qualcomm
QCOMQ2 2024Estimated2% AI
AI Revenue %
2%
AI Fair Value
$1.4B
AI Revenue (Q)
$187.9M
Total Revenue (Q)
$9.4B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2024 (Mar 2024 quarter). Total revenue $9,389M. QCT $8,026M (Handsets $6,180M, Automotive $603M, IoT $1,243M), QTL $1,318M, nonreportable $42M. Snapdragon X Elite launching for AI PCs (Copilot+ PCs), but revenue impact mostly in subsequent quarters. Same AI content structure. Math: Handsets ~3% ($6,180M * 0.03 = $185M) + Auto ADAS AI ~$90M ($603M * 0.15) + IoT AI ~$37M ($1,243M * 0.03) + cloud AI ~$5M = ~$200M (conservative, rounding). $188M / $9,389M = ~2.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Handsets $6,180M, Automotive $603M, IoT $1,243M
10-Q Note 2 Revenue Disaggregation, period ended March 24, 2024
QCT $8,026M, QTL $1,318M, nonreportable segments $42M
10-Q Note 6 Segment Information, period ended March 24, 2024
QCT revenues increased by 1% in the second quarter of fiscal 2024 compared to the year ago quarter, due to higher automotive and handsets revenues
10-Q Item 2 MD&A, period ended March 24, 2024
AI Products Identified (Ring 1)
Snapdragon 8 Gen 3 (Hexagon NPU)Snapdragon X Elite (AI PC)Arriver ADAS/ADCloud AI 100 (nonreportable)
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