Qualcomm IncorporatedQualcomm raised its fiscal 2029 non-handset revenue target to $40 billion and unveiled a data center AI strategy with a $15 billion revenue goal, boosting earnings per share target to over $18.

Qualcomm has raised its fiscal 2029 non-handset revenue target to $40 billion, roughly double the prior target, and unveiled a comprehensive data center AI infrastructure strategy with a revenue goal of more than $15 billion by fiscal 2029. The company also increased its automotive revenue target to $10 billion and expanded its automotive design-win pipeline to $65 billion. Within the non-handset target, IoT revenues are expected to exceed $14 billion, split between $8 billion from industrial, networking and robotics and $6 billion from personal AI and compute. Handsets are projected to represent about one-third of QCT revenues by fiscal 2029, and Qualcomm is targeting more than $18 in non-GAAP earnings per share for that year.
Qualcomm IncorporatedQualcomm raised its fiscal 2029 non-handset revenue target to $40 billion and unveiled a data center AI strategy with a $15 billion revenue goal, boosting earnings per share target to over $18.