Public Event Detail
Qualcomm CEO Sees Handset Bottom, “Multiple Billions” in Data Center Revenue Ahead
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Event summary
Qualcomm CEO Cristiano Amon believes the company's handset business has likely bottomed and will improve sequentially, with current weakness stemming from elevated memory costs rather than soft demand. Amon highlighted data centers as a significant future growth area, projecting "multiple billions of dollars" in revenue by 2027 from CPUs, inference accelerators, and custom ASICs. The company also maintains optimistic outlooks for its automotive and IoT segments, reaffirming an $8 billion automotive target for fiscal 2029 and noting IoT is nearing a $2 billion quarterly run rate.