The rumored Meta Quest 3 is said to be twice as powerful as the current Quest 2, according to collective reporting from UploadVR. Qualcomm and Meta have not confirmed these reports, but there are some interesting clues that indicate the rumors may be true.
The XR2 Gen 1, the chip that currently powers the Quest 2, is an offshoot of the Snapdragon 865, which powered the most powerful Android flagships when it was released in 2020. That chip uses the Adreno 650 on the graphics front in the Snapdragon 865 and XR2 Gen 1 delivered 1.2 teraflops performance, which was double the 0.6 teraflop performance of the Adreno 540 on the Snapdragon 835. That chipset powered the original Oculus Quest and Vive Focus.