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Composition of Certain Financial Statement Items (Tables)
 12 Months Ended
Sep. 27, 2026
Balance Sheet Related Disclosures [Abstract]  
Accounts Receivable
Accounts Receivable (in millions)
September 27,
2026		September 28,
2025
Trade, net of allowances for doubtful accounts $2,671 $2,855 
Unbilled1,504 1,443 
Other24 17 
$4,199 $4,315 
Inventories
Inventories (in millions)
September 27,
2026		September 28,
2025
Raw materials$657 $336 
Work-in-process5,450 3,985 
Finished goods2,533 2,205 
$8,640 $6,526 
Property, Plant, and Equipment
Property, Plant and Equipment (in millions)
September 27,
2026		September 28,
2025
Land$167 $168 
Buildings and improvements1,864 1,915 
Computer equipment and software3,024 2,165 
Machinery and equipment10,119 9,360 
Furniture and office equipment156 148 
Leasehold improvements630 594 
Construction in progress224 154 
16,184 14,504 
Less accumulated depreciation and amortization(10,080)(9,814)
$6,104 $4,690 
Goodwill The following table presents the goodwill allocated to our reportable and nonreportable segments, as described in Note 8, as well as the changes in the carrying amounts of goodwill during fiscal 2026 and 2025 (in millions):
QCTQTLNonreportable SegmentsTotal
Balance at September 29, 2024$10,065 $734 $— $10,799 
Acquisitions526 — — 526 
Foreign currency translation adjustments32 1 — 33 
Balance at September 28, 2025 (1)10,623 735 — 11,358 
Acquisitions694 — 4,349 5,043 
Foreign currency translation adjustments(30)(1)4 (27)
Balance at September 27, 2026 (1)$11,287 $734 $4,353 $16,374 
(1) Cumulative goodwill impairments were $812 million at both September 27, 2026 and September 28, 2025.
Intangible Assets
The components of other intangible assets, net were as follows (in millions):
September 27, 2026September 28, 2025
Gross Carrying
Amount		Accumulated
Amortization		Weighted-average amortization period
(years)		Gross Carrying
Amount		Accumulated
Amortization		Weighted-average amortization period
(years)
Technology-based$3,447 $(1,542)8$2,553 $(1,421)9
Other88 (68)1070 (54)11
$3,535 $(1,610)8$2,623 $(1,475)9
Equity Method and Non-marketable Equity Investments The carrying values of our equity method and non-marketable equity investments are recorded in other assets and were as follows (in millions):
September 27,
2026		September 28,
2025
Equity method investments$408 $163 
Non-marketable equity investments (1)1,574 1,216 
$1,982 $1,379 
(1) Cumulative unrealized gains were $548 million and $394 million at September 27, 2026 and September 28, 2025, respectively. Cumulative unrealized losses, including impairments, were $395 million and $457 million at September 27, 2026 and September 28, 2025, respectively.
Other Current Liabilities
Other Current Liabilities (in millions)
September 27,
2026		September 28,
2025
Customer incentives and other customer-related liabilities$2,644 $1,948 
Income taxes payable581 1,007 
Unearned revenues200 358 
Other1,130 1,201 
$4,555 $4,514 
QCT Revenues Disaggregated
QCT revenue streams were as follows (in millions):
202620252024
Handsets (1)$24,072 $27,793 $24,863 
Automotive (2)6,004 3,957 2,910 
IoT (internet of things) (3)7,132 6,617 5,423 
Total QCT revenues$37,208 $38,367 $33,196 
(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 ADAS/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 QTL royalty revenues recognized related to devices sold in prior periods (including revenues resulting from certain settlements and adjustments to prior period royalty estimates, which includes the impact of the reporting by our licensees of actual royalties due) and were as follows (in millions):
202620252024
Revenues recognized from previously satisfied performance obligations$533 $783 $558 
Concentrations Revenues from each customer/licensee that were 10% or greater of total revenues were as follows:
202620252024
Customer/licensee (x)22%21%22%
Customer/licensee (y)202019
Customer/licensee (z)*1312
* Less than 10%
Investment and Other Income, net
Investment and Other Income, Net (in millions)
202620252024
Interest and dividend income$424 $639 $675 
Net gains on marketable securities (1)386 254 14 
Net gains on other investments252 44 175 
Net gains on deferred compensation plan assets176 127 198 
Impairment losses on other investments(88)(113)(79)
Net gains (losses) on equity method investments258 12 (10)
Other37 9 (11)
$1,445 $972 $962 
(1) Primarily consist of net unrealized gains related to certain marketable equity securities.