Segment Information

9 Months Ended

Jun. 29, 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 Data Center business (formerly referred to as 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				Nine Months Ended
	June 29, 2025		June 23, 2024		June 29, 2025		June 23, 2024
Revenues
QCT	$	8,993	$	8,069	$	28,546	$	24,518
QTL	1,318		1,273		4,172		4,051
QSI	—		2		—		18
Reconciling items	54		49		295		131
Total	$	10,365	$	9,393	$	33,013	$	28,718
EBT
QCT	$	2,671	$	2,181	$	8,774	$	7,062
QTL	942		894		3,028		2,907
QSI	149		14		179		121
Reconciling items	(810)		(810)		(2,289)		(2,350)
Total	$	2,952	$	2,279	$	9,692	$	7,740

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

	Three Months Ended				Nine Months Ended
	June 29, 2025		June 23, 2024		June 29, 2025		June 23, 2024
Revenues
Nonreportable segments	$	54	$	49	$	152	$	131
Unallocated revenues	—		—		143		—
	$	54	$	49	$	295	$	131
EBT
Unallocated revenues	$	—	$	—	$	143	$	—
Unallocated cost of revenues	(65)		(54)		(185)		(168)
Unallocated research and development expenses	(595)		(549)		(1,752)		(1,664)
Unallocated selling, general and administrative expenses	(182)		(175)		(554)		(588)
Unallocated other income	—		(75)		—		(47)
Unallocated interest expense	(168)		(168)		(493)		(518)
Unallocated investment and other income, net	210		213		567		648
Nonreportable segments	(10)		(2)		(15)		(13)
	$	(810)	$	(810)	$	(2,289)	$	(2,350)

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 first nine months of fiscal 2025 were comprised of licensing revenues resulting from a settlement of a licensing dispute in the second quarter of fiscal 2025.