Qualcomm lifts fiscal 2029 non-handset revenue target to USD 40 billion

QUALCOMM Incorporated

QUALCOMM Incorporated

QCOM

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  • Qualcomm lifted its fiscal 2029 non-handset revenue target to $40 billion, about double its prior target.
  • Data center AI infrastructure forecast set at more than $15 billion in revenue by fiscal 2029.
  • Automotive outlook raised to $10 billion in revenue by fiscal 2029; design-win pipeline expanded to $65 billion.
  • IoT revenue target increased to more than $14 billion by fiscal 2029, including $8 billion from industrial, networking, robotics.
  • Non-GAAP diluted EPS expected to exceed $18 in fiscal 2029; GAAP diluted EPS expected to exceed $14.5.


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