Qualcomm raises non-handset target around AI infrastructure expansion
Qualcomm used its investor event to raise its fiscal 2029 non-handset revenue target to $40B and outline a broader AI infrastructure push spanning data-center, automotive, IoT and robotics markets.
Evidence notes
- The company targeted more than $15B of data-center revenue by fiscal 2029 and $5B by fiscal 2027.
- The roadmap included Dragonfly C1000 CPU and AI300 inference accelerator products for AI infrastructure workloads.
- Coverage framed robotics as part of Qualcomm’s broader diversification beyond handsets into automotive, IoT and edge-AI markets.
Company context
Qualcomm develops wireless, edge AI and compute platforms used across mobile devices, IoT, robotics, drones and autonomous systems. Its robotics exposure comes through Snapdragon and Dragonwing processors, robotics development kits, connectivity platforms and edge AI architecture rather than complete robot systems.