Qualcomm reiterates FY2027 data center revenue target of $5B, expects $7B annualized run-rate by year-end

Qualcomm reiterated its fiscal 2027 data center revenue target of $5B, expects the full benefit of product pricing actions to be reflected in QCT gross margins in H2 fiscal 2027, and projects non-handset revenue to grow more than 60% year-over-year. It expects data center revenue of $650M+ in Q1, increasing each quarter, exiting FY27 with a $7B annualized run-rate.

Detected & updated continuously · Source: Nebula