Qualcomm
QCOMQ3 2025Estimated3% AI
AI Revenue %
3%
AI Fair Value
$2.2B
AI Revenue (Q)
$861.5M
Total Revenue (Q)
$28.7B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2025 (Jun 2025 quarter). Total revenue $10,365M. QCT $8,993M, QTL $1,318M, nonreportable $54M. Nine-month QCT sub-segments: Handsets $22,327M, Auto $2,879M, IoT $5,340M. Implied Q3: Handsets ~$7,398M ($22,327M - $14,503M H1 + rounding), Auto ~$959M, IoT ~$1,629M. Alphawave acquisition announced ($2.4B) to accelerate data center expansion -- signals growing AI ambition but no revenue yet. Data Center business now explicitly named (formerly cloud computing processing initiative). Math: Handsets ~3.5% ($7,398M * 0.035 = $259M) + Auto ADAS AI ~$192M ($959M * 0.20) + IoT AI ~$98M ($1,629M * 0.06) + data center ~$10M = ~$310M (conservative). $310M / $10,365M = ~3.0%.
Analyzed by claude-opus-4-6
Quoted Figures
QCT $8,993M, QTL $1,318M, nonreportable segments $54M
10-Q Note 6 Segment Information, period ended June 29, 2025
nonreportable segments, including QGOV (Qualcomm Government Technologies) and our Data Center business (formerly referred to as our cloud computing processing initiative)
10-Q Note 6 Segment Information, period ended June 29, 2025
Alphawave is a developer of high-speed wired connectivity and compute technologies... The acquisition aims to further accelerate, and provide key assets for, our expansion into data centers
10-Q Note 8 Acquisitions, period ended June 29, 2025
AI Products Identified (Ring 1)
Snapdragon 8 Elite (Hexagon NPU)Snapdragon X Elite/Plus (AI PC)Arriver ADAS/ADData Center business (nonreportable, formerly cloud computing)
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