Qualcomm outlines $40B non-handset revenue target by fiscal 2029 while raising automotive exit run rate to $7B (NASDAQ:QCOM)

Qualcomm (QCOM) Q3 FY2026 earnings call: guidance, double-digit price hikes, data center/auto growth targets, and Apple share step-down.

Qualcomm outlines $40B non-handset revenue target by fiscal 2029 while raising automotive exit run rate to $7B (NASDAQ:QCOM) | Seeking Alpha

Earnings Call Insights: QUALCOMM Incorporated (QCOM) Q3 fiscal 2026

Management View

CEO Cristiano Amon framed the quarter around diversification and Investor Day targets: “We also updated our fiscal 2029 financial targets, which now include more than $24 billion in revenue across automotive and

Seeking Alpha's Disclaimer:

This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.

Is this happening to you frequently? Please

report it on our feedback forum.

If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.

Search field

Entering text into the input field will update the search result below

Entering text into the input field will update the search result below

Quick Insights

How will Qualcomm's updated non-handset revenue targets impact growth?

Management raised 2029 non-handset revenue outlook to $40B, driven by strong automotive and IoT projections, signaling broader sources of future growth beyond handsets.

What is the expected financial impact of supply constraints and rising input costs on Qualcomm?

Qualcomm faces margin pressure and industry contraction due to high memory and manufacturing costs; they're offsetting this with broad double-digit price increases, but near-term QCT gross margins will be slightly below historical range.

How does the accelerated Apple share decline affect Qualcomm's revenue outlook?

Due to supply constraints, Qualcomm expects Apple modem share to drop materially below 20% starting fiscal Q4, accelerating revenue declines from Apple faster than previously expected.

Recommended For You

More

Trending News

See More

»