Qualcomm Sets $40 Billion Non-Handset Revenue Target by Fiscal 2029
During Qualcomm's Q3 fiscal 2026 earnings call, CEO Cristiano Amon outlined updated financial targets for the company. The firm now aims to generate over $24 billion in revenue from its automotive and non-handset segments combined by fiscal 2029. This includes a raised exit run rate of $7 billion specifically for the automotive segment. These goals reflect Qualcomm's strategic focus on diversification beyond traditional mobile device markets. The company emphasized growth across multiple sectors, including automotive technology, which is expected to become an increasingly significant part of its revenue mix in coming years. The updated targets signal confidence in expanding business lines and underscore Qualcomm’s long-term vision for sustainable earnings outside the smartphone industry.
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Topics: automotive segment financial targets Q3 fiscal 2026 Qualcomm