Qualcomm CFO targets $15B+ data center revenue and $18+ non-GAAP EPS by FY2029
Qualcomm's CFO stated the company is targeting $15B+ in data center revenue, $40B in non-handset revenue, and $18+ non-GAAP EPS by FY2029, positioning Qualcomm deeper into AI infrastructure. The CFO said the Amazon program is core to these targets, not incremental.
Detected & updated continuously · Source: Nebula
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@Sam_Badawi
MASSIVE QUALCOMM NEWS FROM THE CFO $QCOM is targeting $15B+ in data center revenue, $40B in non-handset revenue and $18+ non-GAAP EPS by FY2029. That essentially puts $QCOM deeper into AI infrastructure alongside the other leaders $NVDA, $AVGO and $MRVL, while using Amazon https://t.co/6m4F0cqn7A
@TU_Crypto_News
Qualcomm said its Amazon program is already in production and will begin generating revenue in the December quarter, its CFO said at a Goldman event. The company said the deal is core to its $5B FY27 and $15B FY29 data center targets, not incremental.