QCOM · News · 20260913N
AI Infrastructure Partnership
QUALCOMM INC/DE · 2026-09-13 · Importance 75 · Surprise 60 · No source text
Qualcomm is pivoting beyond handsets toward AI data-center products, with AWS identified as a transformative commercial partner. The AWS agreement reportedly includes up to $60 billion in payments tied to 25 million warrants, supporting Qualcomm’s data-center revenue ramp. Qualcomm is targeting $15 billion of data-center revenue by fiscal 2029 and approximately $40 billion in non-handset sales, indicating significant diversification toward AI infrastructure.
Key facts
- Qualcomm targets $15B in data center revenue by FY29. source
- Qualcomm projects non-handset sales of $40B. source
- The AWS agreement includes up to $60B in payments for 25M warrants. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | contingent | +7.8% | The AWS agreement includes up to $60B in payments for 25M warrants. |
| revenue | positive | probable | — | Qualcomm targets $15B in data center revenue by FY29. |
| revenue | positive | probable | — | Qualcomm projects non-handset sales of $40B. |