Qualcomm Targets $15 Billion in Data Center Revenue by 2029

Qualcomm outlined data center revenue targets on its fiscal Q4 2026 earnings call on November 4, 2026: about $650 million in Q1 2027, $5 billion by end-2027 and $15 billion by 2029, pursued through partnerships with Amazon and Meta. The company expects data centers to eventually reach about 30% of its business. These are targets, not reported results.