Composition of Certain Financial Statement Items (Tables)

3 Months Ended

Dec. 28, 2025

Condensed Financial Information Disclosure [Abstract]

Inventories

Inventories (in millions)
	December 28, 2025		September 28, 2025
Raw materials	$	352	$	336
Work-in-process	4,026		3,985
Finished goods	2,287		2,205
	$	6,665	$	6,526

Other Current Liabilities

Other Current Liabilities (in millions)
	December 28, 2025		September 28, 2025
Customer incentives and other customer-related liabilities	$	2,639	$	1,948
Income taxes payable	1,245		1,007
Other	1,345		1,201
	$	5,229	$	4,156

QCT Revenues Disaggregated

QCT revenue streams were as follows (in millions):

	Three Months Ended
	December 28, 2025		December 29, 2024
Handsets (1)	$	7,824	$	7,574
Automotive (2)	1,101		961
IoT (internet of things) (3)	1,688		1,549
Total QCT revenues	$	10,613	$	10,084

(1) Includes revenues from products sold for use in mobile handsets.

(2) Includes revenues from products sold for use in automobiles, including connectivity, digital cockpit and advanced driver assistance systems (ADAS) and automated driving (AD).

(3) Primarily includes products sold for use in the following industries and applications: consumer (including personal computers (PCs), extended reality (XR) and other personal computing devices), edge networking (including mobile broadband and wireless access points) and industrial (including handhelds, retail, tracking and logistics and utilities).

Revenue recognized from performance obligations satisfied in previous periods

Revenues recognized from performance obligations satisfied (or partially satisfied) in previous periods generally include certain sales-based royalty revenues related to system software, certain amounts related to customer incentives and licensing revenues recognized related to devices sold in prior periods (including revenues resulting from certain settlements and adjustments to prior period royalty estimates, which include the impact of the reporting by our licensees of actual royalties due) and were as follows (in millions):

	Three Months Ended
	December 28, 2025		December 29, 2024
Revenues recognized from previously satisfied performance obligations	$	206	$	263

Customer Concentrations - Revenues

Revenues from each customer/licensee that were 10% or greater of total revenues were as follows:

	Three Months Ended
	December 28, 2025		December 29, 2024
Customer/licensee (x)	25	%	24	%
Customer/licensee (y)	16		15
Customer/licensee (z)	11		14

Investment and Other Income (Expense), Net

Investment and Other Income, Net (in millions)
	Three Months Ended
	December 28, 2025		December 29, 2024
Interest and dividend income	$	136	$	169
Net (losses) gains on marketable securities	(55)		19
Net gains on other investments	210		30
Net gains on deferred compensation plan assets	43		15
Impairment losses on other investments	(12)		(24)
Other	28		34
	$	350	$	243