QCOM · Earnings call · 2026Q3T · Full report

Strategic Initiatives

QUALCOMM INC/DE · 2026-11-04 · Importance 89 · Surprise 82

Qualcomm said it is diversifying beyond handsets by building a broader semiconductor business spanning automotive, IoT, data center, and infrastructure, supported by hardware and software acquisitions and strategic agreements. Management said the company’s design-win pipeline grew 70% year over year and reaffirmed fiscal 2029 targets of $40 billion in non-handset revenue, including more than $15 billion from data center. It also described a strategy to build data center operations around long-term customer relationships, a broad product portfolio, and an open software ecosystem, including work with Modular and multiple accelerator platforms.

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