Qualcomm Sets $15 Billion Data Center Revenue Target for 2029

Qualcomm set data center revenue targets of about $650 million in Q1 2027, $5 billion by end-2027 and $15 billion by 2029 on its November 4, 2026, fiscal Q4 earnings call. They are 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.