Segment Information

6 Months Ended

Mar. 24, 2024

Segment Reporting [Abstract]

Segment Information

Segment Information

We are organized on the basis of products and services and have three reportable segments. We conduct business primarily through our QCT semiconductor business and our QTL licensing business. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies, including RFFE (radio frequency front-end), for use in mobile devices; automotive systems for connectivity, digital cockpit and ADAS/AD; and IoT including consumer electronic devices, industrial devices, and edge networking products. QTL grants licenses or otherwise provides rights to use portions of our intellectual property portfolio, which includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products. Our QSI (Qualcomm Strategic Initiatives) reportable segment makes strategic investments. We also have nonreportable segments, including QGOV (Qualcomm Government Technologies) and our cloud computing processing initiative.

The table below presents revenues and earnings (loss) before income taxes (EBT) for reportable segments (in millions):

	Three Months Ended				Six Months Ended
	March 24, 2024		March 26, 2023		March 24, 2024		March 26, 2023
Revenues
QCT	$	8,026	$	7,942	$	16,449	$	15,834
QTL	1,318		1,290		2,778		2,814
QSI	3		7		16		13
Reconciling items	42		36		82		77
Total	$	9,389	$	9,275	$	19,325	$	18,738
EBT
QCT	$	2,288	$	2,107	$	4,881	$	4,291
QTL	933		871		2,013		1,988
QSI	96		(53)		107		(61)
Reconciling items	(819)		(1,030)		(1,541)		(1,952)
Total	$	2,498	$	1,895	$	5,460	$	4,266

Reconciling items for revenues and EBT in the previous table were as follows (in millions):

	Three Months Ended				Six Months Ended
	March 24, 2024		March 26, 2023		March 24, 2024		March 26, 2023
Revenues
Nonreportable segments	$	42	$	36	$	82	$	77
EBT
Unallocated cost of revenues	$	(57)	$	(47)	$	(113)	$	(112)
Unallocated research and development expenses	(584)		(494)		(1,116)		(1,018)
Unallocated selling, general and administrative expenses	(229)		(126)		(414)		(292)
Unallocated other (expenses) income (Note 2)	—		(208)		28		(288)
Unallocated interest expense	(172)		(178)		(350)		(348)
Unallocated investment and other income, net	228		36		434		123
Nonreportable segments	(5)		(13)		(10)		(17)
	$	(819)	$	(1,030)	$	(1,541)	$	(1,952)