Composition of Certain Financial Statement Items (Tables)

9 Months Ended

Jun. 28, 2026

Condensed Financial Information Disclosure [Abstract]

Inventories

Inventories (in millions)
	June 28, 2026		September 28, 2025
Raw materials	$	682	$	336
Work-in-process	5,005		3,985
Finished goods	2,692		2,205
	$	8,379	$	6,526

Other Current Liabilities

Other Current Liabilities (in millions)
	June 28, 2026		September 28, 2025
Customer incentives and other customer-related liabilities	$	2,762	$	1,948
Income taxes payable	557		1,007
Other	958		1,201
	$	4,277	$	4,156

Schedule of Short-Term Debt

Short-term Debt (in millions)
	June 28, 2026		September 28, 2025
Commercial paper	$	498	$	—
Current portion of long-term debt	1,991		—
	$	2,489	$	—

QCT Revenues Disaggregated

QCT revenue streams were as follows (in millions):

	Three Months Ended				Nine Months Ended
	June 28, 2026		June 29, 2025		June 28, 2026		June 29, 2025
Handsets (1)	$	5,086	$	6,328	$	18,934	$	20,831
Automotive (2)	1,588		984		4,015		2,904
IoT (internet of things) (3)	1,830		1,681		5,244		4,811
Total QCT revenues	$	8,504	$	8,993	$	28,193	$	28,546

(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: personal AI and compute (including personal computers (PCs), extended reality (XR) and other personal computing devices) and industrial, networking and robotics (including mobile broadband, wireless access points, handhelds, retail, tracking and logistics, and other commercial and home applications).

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				Nine Months Ended
	June 28, 2026		June 29, 2025		June 28, 2026		June 29, 2025
Revenues recognized from previously satisfied performance obligations	$	165	$	189	$	417	$	691

Customer Concentrations - Revenues

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

	Three Months Ended				Nine Months Ended
	June 28, 2026		June 29, 2025		June 28, 2026		June 29, 2025
Customer/licensee (x)	23	%	18	%	24	%	20	%
Customer/licensee (y)	20		21		20		21
Customer/licensee (z)	*		13		*		13

*Less than 10%

Investment and Other Income (Expense), Net

Investment and Other Income, Net (in millions)
	Three Months Ended				Nine Months Ended
	June 28, 2026		June 29, 2025		June 28, 2026		June 29, 2025
Interest and dividend income	$	97	$	160	$	347	$	495
Net gains on marketable securities (1)	726		204		605		241
Net gains on other investments	19		5		237		30
Net gains on deferred compensation plan assets	149		84		135		65
Impairment losses on other investments	(38)		(52)		(61)		(93)
Equity in net earnings (losses) of investees	66		(4)		149		13
Other	(5)		(39)		46		(3)
	$	1,014	$	358	$	1,458	$	748

(1) Primarily consist of net unrealized gains related to certain marketable equity securities.