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- Jun 24, 202690% CONFIDENCEfrom the source
Qualcomm Investor Day 2026 Doubles Its Non-Handset Target to $40 Billion
- Qualcomm raised its fiscal 2029 non-handset revenue target to $40 billion, about twice the prior target, and set a non-GAAP EPS target above $18 for fiscal 2029[1][2]
- Fiscal 2029 targets: data center above $15 billion, automotive $10 billion (on a $65 billion design-win pipeline), IoT above $14 billion ($8 billion industrial, networking and robotics; $6 billion personal AI and compute); handsets about a third of QCT revenue[1]
- Palkhiwala laid out the data-center ramp: custom silicon from the first quarter of fiscal 2027, AI accelerators in the second half of fiscal 2027 and CPUs in the second half of fiscal 2028[2]
- Qualcomm puts the combined market for agent-ready devices, data centers, cars, industrial systems and robotics at about $1.7 trillion by 2030[1]
- Cristiano Amon, Akash Palkhiwala, Tony Pialis (Data Center) and Nakul Duggal (Automotive, Industrial and Robotics) presented; Amon noted the date fell five years after he became CEO[1][2]
- Qualcomm announced the event on 30 April for New York City[4]
References 486% CONFIDENCE
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- [1]90%qualcomm.com/news/releases/2026/06/qualcomm-accelerates-diversification-with-comprehensive-strategyqualcomm.com· Posted Sep 25, 2026· Starts Jun 24, 2026 ✓· 30% of score
Qualcomm's[4] release is datelined "Jun 24, 2026 | NEW YORK" and its livestream was billed "live from New York on June 24th, 2026 at 2:15 PM ET".
- [2]90%Qualcomm Investor Day 2026 Transcript (June 24, 2026, New York)s204.q4cdn.com· Added Sep 25, 2026· 30% of score
The full event: Amon's five-year anniversary as CEO, and Palkhiwala's data-center ramp (custom silicon from Q1 FY27, AI accelerators 2H FY27, CPUs 2H FY28) and EPS target above $18.[1]
- [3]80%Qualcomm Announces Third Quarter Fiscal 2026 Results (Form 8-K, Exhibit 99.1)sec.gov· Published Jul 29, 2026· 24% of score
Amon: non-handset revenue to $40B by fiscal 2029, 'nearly double the target we shared in November 2024'.[1]
- [4]80%Qualcomm to Outline Next Phase of Growth and Diversification at Investor Day 2026qualcomm.com· Published Apr 30, 2026· 17% of score
Announced the event for Wednesday, June 24, 2026 in New York City.[1]
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