Hardik Shah
2026.06.24 20:35

๐Ÿ“ข ๐‰๐”๐’๐“ ๐ˆ๐: $Qualcomm(QCOM.US) Qualcomm Raises 2029 Targets, Unveils $15B AI Data Center Strategy

๐Ÿ‘‰ ๐Š๐ž๐ฒ ๐‡๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ:

โžค Qualcomm raised its ๐Ÿ๐ฒ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— ๐ง๐จ๐ง-๐ก๐š๐ง๐๐ฌ๐ž๐ญ revenue target to $40 billion, nearly double its prior goal.

โžค Unveiled a comprehensive ๐€๐ˆ ๐๐š๐ญ๐š ๐œ๐ž๐ง๐ญ๐ž๐ซ strategy targeting over $15 billion in FY2029 revenue.

โžค Expanded ๐š๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž design-win pipeline to $65 billion with a $10 billion FY2029 revenue target.

โžค FY2029 ๐ˆ๐จ๐“ revenue target exceeds $14 billion, including $8 billion from industrial, networking and robotics.

โžค Qualcomm targets $6 billion in ๐๐ž๐ซ๐ฌ๐จ๐ง๐š๐ฅ ๐€๐ˆ and compute revenue by FY2029.

โžค Handsets are expected to contribute only about one-third of QCT revenue by FY2029.

โžค Company sees $1.7 trillion total addressable market by 2030 across AI-driven growth sectors.

โžค Qualcomm targets more than $18 in non-GAAP EPS by FY2029.

๐Ÿ‘‰ ๐–๐ก๐ฒ ๐ˆ๐ญ ๐Œ๐š๐ญ๐ญ๐ž๐ซ๐ฌ:

โžค Qualcomm is accelerating its shift beyond smartphones into ๐€๐ˆ, cloud and edge computing.

โžค Data center expansion positions Qualcomm to compete in the rapidly growing ๐€๐ˆ ๐ข๐ง๐Ÿ๐ซ๐š๐ฌ๐ญ๐ซ๐ฎ๐œ๐ญ๐ฎ๐ซ๐ž market.

โžค Higher long-term targets signal confidence in ๐๐ข๐ฏ๐ž๐ซ๐ฌ๐ข๐Ÿ๐ข๐ž๐ revenue growth and profitability.

๐Ÿ‘‰ ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ ๐’๐ญ๐š๐ญ๐ž๐ฆ๐ž๐ง๐ญ:

โžค "We are defining Qualcommโ€™s next chapter as we accelerate our edge diversification strategy, introduce a comprehensive roadmap for next-generation AI data centers, and evolve into a platform company. Our presence across the entire compute continuum and unparalleled technology capabilities, in low-power computing, AI and connectivity put us in a strong position to capture these opportunities." โ€” ๐‚๐ซ๐ข๐ฌ๐ญ๐ข๐š๐ง๐จ ๐€๐ฆ๐จ๐ง, President and CEO, Qualcomm Incorporated.

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