Quarterly report pursuant to Section 13 or 15(d)

Segment Information

v3.24.1.u1
Segment Information
 6 Months Ended
Mar. 24, 2024
Segment Reporting [Abstract]  
Segment Information 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 based on 3G/4G/5G and other technologies, including RFFE (radio frequency front-end), 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 24,
2024		 March 26,
2023		 March 24,
2024		 March 26,
2023
Revenues
QCT $ 8,026  $ 7,942  $ 16,449  $ 15,834 
QTL 1,318  1,290  2,778  2,814 
QSI 3  7  16  13 
Reconciling items 42  36  82  77 
Total $ 9,389  $ 9,275  $ 19,325  $ 18,738 
EBT
QCT $ 2,288  $ 2,107  $ 4,881  $ 4,291 
QTL 933  871  2,013  1,988 
QSI 96  (53) 107  (61)
Reconciling items (819) (1,030) (1,541) (1,952)
Total $ 2,498  $ 1,895  $ 5,460  $ 4,266 
Reconciling items for revenues and EBT in the previous table were as follows (in millions):
Three Months Ended Six Months Ended
March 24,
2024		 March 26,
2023		 March 24,
2024		 March 26,
2023
Revenues
Nonreportable segments $ 42  $ 36  $ 82  $ 77 
EBT
Unallocated cost of revenues $ (57) $ (47) $ (113) $ (112)
Unallocated research and development expenses (584) (494) (1,116) (1,018)
Unallocated selling, general and administrative expenses (229) (126) (414) (292)
Unallocated other (expenses) income (Note 2)
 —  (208) 28  (288)
Unallocated interest expense (172) (178) (350) (348)
Unallocated investment and other income, net 228  36  434  123 
Nonreportable segments (5) (13) (10) (17)
$ (819) $ (1,030) $ (1,541) $ (1,952)