Segment Information

6 Months Ended

Mar. 30, 2025

Segment Reporting [Abstract]

Segment Information

Note 6. 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 with advanced connectivity and high-performance, low-power computing technologies 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 30, 2025		March 24, 2024		March 30, 2025		March 24, 2024
Revenues
QCT	$	9,469	$	8,026	$	19,553	$	16,449
QTL	1,319		1,318		2,854		2,778
QSI	—		3		—		16
Reconciling items	191		42		242		82
Total	$	10,979	$	9,389	$	22,649	$	19,325
EBT
QCT	$	2,857	$	2,288	$	6,103	$	4,881
QTL	929		933		2,086		2,013
QSI	10		96		29		107
Reconciling items	(691)		(819)		(1,478)		(1,541)
Total	$	3,105	$	2,498	$	6,740	$	5,460

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

	Three Months Ended				Six Months Ended
	March 30, 2025		March 24, 2024		March 30, 2025		March 24, 2024
Revenues
Nonreportable segments	$	48	$	42	$	99	$	82
Unallocated revenues	143		—		143		—
	$	191	$	42	$	242	$	82
EBT
Unallocated revenues	$	143	$	—	$	143	$	—
Unallocated cost of revenues	(60)		(57)		(119)		(113)
Unallocated research and development expenses	(558)		(584)		(1,156)		(1,116)
Unallocated selling, general and administrative expenses	(184)		(229)		(372)		(414)
Unallocated other income	—		—		—		28
Unallocated interest expense	(163)		(172)		(326)		(350)
Unallocated investment and other income, net	138		228		358		434
Nonreportable segments	(7)		(5)		(6)		(10)
	$	(691)	$	(819)	$	(1,478)	$	(1,541)

Certain revenues were not allocated to our segments in our management reports because they were not considered in evaluating segment results. Unallocated revenues in the second quarter and first six months of fiscal 2025 were comprised of licensing revenues resulting from a recent settlement of a licensing dispute.