Qualcomm announced higher long-term revenue and earnings targets at its investor day, raising its fiscal 2029 non-handset revenue goal to $40 billion from $22 billion. This includes over $15 billion from data centers, $10 billion from automotive, and $14 billion from Internet of Things (IoT) businesses. The company also projects adjusted earnings per share above $18 by 2029, surpassing Wall Street estimates of $14-$15. Analysts from Bank of America and UBS responded positively, highlighting Qualcomm's expanding data center portfolio, AI accelerator roadmap, and automotive design wins, though some execution risks remain. Qualcomm's outlook signals strong growth potential as it moves beyond semiconductors into full-stack platform solutions for edge computing and AI.
Qualcomm has been upgraded to a buy rating due to its strategic shift towards data centers and a growing automotive segment, which are expected to drive future revenue growth. The company aims to double its non-handset revenue to $40 billion by fisca...
A simple tap on a smartphone triggers a complex AI-driven process that spans from touch sensors to cloud computing, cybersecurity, automated warehouses, and last-mile delivery technologies. Key companies like Nvidia, Qualcomm, and Ambarella provide t...
The global industrial semiconductor market, valued at $98.35 billion in 2025, is projected to grow to $329.73 billion by 2035, with a CAGR of 12.86%. Growth is fueled by increasing adoption of AI-powered industrial automation, electric vehicles, smar...
