Qualcomm
QCOMQ4 2024Estimated2.5% AI
AI Revenue %
2.5%
AI Fair Value
$1.9B
AI Revenue (Q)
$291.7M
Total Revenue (Q)
$11.7B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Q4 FY2024 (Sep 2024 quarter, fiscal year end). Annual total revenue $38,962M. Full-year QCT $33,195M, QTL $5,571M. 10-K describes QCOM as developing 'on-device artificial intelligence (AI)' as a foundational technology, with Hexagon NPUs for 'superior performance-per-watt, thermal efficiency and battery life.' Snapdragon X Elite/Plus now shipping for Copilot+ AI PCs. Oryon CPU introduced. The FY2024 10-K notably elevates AI in the company description. Implied Q4 QCT: $33,195M - $24,518M (9-month) = $8,677M. Full-year sub-segments: Handsets $26,934M, Auto $2,463M, IoT $6,211M (derived). Q4 implied: Handsets ~$6,987M, Auto ~$601M, IoT ~$1,502M. Math: Handsets ~3.5% ($6,987M * 0.035 = $245M, reflecting growing NPU importance in premium Snapdragon 8 Gen 3) + Auto ADAS AI ~$120M ($601M * 0.20) + IoT AI ~$75M ($1,502M * 0.05, reflecting AI PC revenue) + cloud AI ~$10M = ~$250M. QTL 0%. $250M / ~$10,244M = ~2.4%, round to 2.5%.
Analyzed by claude-opus-4-6
Quoted Figures
We are a global technology leader, helping to bring intelligent computing everywhere through the development and commercialization of foundational technologies, including 3G, 4G and 5G wireless connectivity, high-performance and low-power computing and on-device artificial intelligence (AI)
10-K Item 1 Business, FY2024
Our Hexagon NPUs are designed to support a variety of AI processing tasks for superior performance-per-watt, thermal efficiency and battery life
10-K Item 8 Segment Note, FY2024
Our Qualcomm Oryon and Kryo CPUs are designed to deliver high levels of compute performance with optimized power consumption
10-K Item 8 Segment Note, FY2024
AI Products Identified (Ring 1)
Snapdragon 8 Gen 3 (Hexagon NPU)Snapdragon X Elite/Plus (AI PC with Oryon CPU + Hexagon NPU)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 products
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix