Qualcomm expects $40bn in non-handset revenue by fiscal 2029

Qualcomm Inc. outlined financial targets on Wednesday, projecting $40 billion in non-handset revenue by fiscal year 2029. The company's chief financial officer stated that revenue and earnings per share will grow at a faster pace in the future.

The chipmaker said its data center business will generate billions of dollars in revenue during fiscal year 2027. Qualcomm also expects to reach $10 billion in automotive revenue by fiscal year 2029.

The projections indicate the company's push to expand beyond its traditional smartphone chip business into other technology sectors.

You May Also Be Interested In

• OpenAI: after the Hugging Face incident, we committed to conducting a much broader review of actions taken by our models
• Iran's President says Tehran agrees on need to return to Islamabad understanding, honor commitments
• Krait Critical Minerals closes $1.22M first tranche of placement