Qualcomm
QCOMQ2 2025Estimated3% AI
AI Revenue %
3%
AI Fair Value
$2.2B
AI Revenue (Q)
$579.8M
Total Revenue (Q)
$19.3B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q2 FY2025 (Mar 2025 quarter). Total revenue $10,979M. QCT $9,469M (Handsets $6,929M, Automotive $959M, IoT $1,581M), QTL $1,319M, nonreportable $48M + $143M unallocated licensing settlement revenue. QCT up 18% YoY. AI PC momentum continues. Auto ADAS/AD share growing. Note: $143M unallocated revenues from licensing dispute settlement are non-AI and excluded from QTL. Math: Handsets ~3.5% ($6,929M * 0.035 = $243M) + Auto ADAS AI ~$192M ($959M * 0.20) + IoT AI ~$95M ($1,581M * 0.06) + cloud/data center ~$10M = ~$340M (conservative). Excluding unallocated settlement, core revenue ~$10,836M. $325M / $10,979M = ~3.0%.
Analyzed by claude-opus-4-6
Quoted Figures
Handsets $6,929M, Automotive $959M, IoT $1,581M
10-Q Note 2 Revenue Disaggregation, period ended March 30, 2025
QCT revenues increased by 18% in the second quarter of fiscal 2025 compared to the year ago quarter, due to higher handsets, automotive and IoT revenues
10-Q Item 2 MD&A, period ended March 30, 2025
Unallocated revenues in the second quarter and first six months of fiscal 2025 were comprised of licensing revenues resulting from a recent settlement of a licensing dispute
10-Q Note 6 Segment Information, period ended March 30, 2025
AI Products Identified (Ring 1)
Snapdragon 8 Elite (Hexagon NPU)Snapdragon X Elite/Plus (AI PC)Arriver ADAS/ADCloud computing processing (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/edge networking
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix