Qualcomm
QCOMQ3 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
Q3 FY2024 (Jun 2024 quarter). Total revenue $9,393M. QCT $8,069M, QTL $1,273M, nonreportable $49M. Nine-month QCT sub-segments: Handsets $19,947M, Auto $1,862M, IoT $4,709M. Implied Q3: Handsets ~$7,080M, Auto ~$661M, IoT ~$1,328M. Snapdragon X Elite for AI PCs starting to ship. ADAS/AD content growing in automotive. Math: Handsets ~3% ($7,080M * 0.03 = $212M) + Auto ADAS AI ~$99M ($661M * 0.15) + IoT AI ~$53M ($1,328M * 0.04 reflecting AI PC launch) + cloud AI ~$7M = ~$200M conservative. $200M / $9,393M = ~2.1%, round to 2.0%.
Analyzed by claude-opus-4-6
Quoted Figures
QCT $8,069M, QTL $1,273M, nonreportable segments $49M
10-Q Note 6 Segment Information, period ended June 23, 2024
QCT revenues increased by 12% in the third quarter of fiscal 2024 compared to the year ago quarter, due to higher handsets and automotive revenues
10-Q Item 2 MD&A, period ended June 23, 2024
QCT $8,069M, QTL $1,273M, nonreportable segments $49M
10-Q Note 6 Segment Information, period ended June 23, 2024
AI Products Identified (Ring 1)
Snapdragon 8 Gen 3 (Hexagon NPU)Snapdragon X Elite/Plus (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