Qualcomm
QCOMQ4 2023Estimated1.5% AI
AI Revenue %
1.5%
AI Fair Value
$926.9M
AI Revenue (Q)
$149.0M
Total Revenue (Q)
$9.9B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Q4 FY2023 (Sep 2023 quarter, fiscal year end). Annual revenue $35,820M. QCT $30,816M, QTL $6,381M. 10-K now explicitly names 'AI / NPU' as a Snapdragon application processor function (upgraded from just 'AI' among a list). Hexagon NPUs now described as 'designed to support a variety of AI processing tasks for superior performance-per-watt.' Cloud AI inference renamed to 'cloud computing processing initiative' in nonreportable segments. Slight bump to 1.5% reflecting the growing prominence of NPU in Snapdragon 8 Gen 2 and the Arriver ADAS AI capabilities in automotive. Math: ~2.5% of QCT ($30,816M * 0.025 / 4 = ~$193M/quarter) + minimal cloud AI. QTL 0%. ~$193M / ~$8,955M quarterly = ~2.2% of QCT-only but ~1.5% of total revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Our Snapdragon application processor functions include AI / NPU, CPU, security, graphics, display, audio, video and camera
10-K Item 8 Segment Note, FY2023
Our Qualcomm Hexagon NPUs are designed to support a variety of AI processing tasks for superior performance-per-watt
10-K Item 8 Segment Note, FY2023
nonreportable segments, including QGOV (Qualcomm Government Technologies) and our cloud computing processing initiative
10-K Item 8 Segment Note, FY2023
AI Products Identified (Ring 1)
Snapdragon SoC (Hexagon NPU)Arriver ADAS/AD computer visionCloud AI 100 inference accelerator (nonreportable segment)
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 products
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix