Qualcomm

This Week in AI:

🔵 Qualcomm High Bandwidth Compute (HBC) silicon, the foundation for Qualcomm Dragonfly AI250 and next-generation data center AI inference, is now validated on real hardware: bit.ly/47ZgOQj

🔵 Vinesh Sukumar, VP, AI/ML Product Management at Qualcomm, joined @worthmag's Techonomy 26: Intelligence at Scale to discuss how AI is evolving across wearables and edge devices while balancing performance, power, and form factor: bit.ly/3UnuiCe

🔵 Qualcomm EVP & CMO @donnymac joined the @voguemagazine Business Global Summit to share his perspective on the evolving relationship between Personal AI, technology, and fashion: bit.ly/4iC382n

Our fourth quarter delivered non-GAAP revenues of $10.4 billion, with QCT revenues of $9.0 billion at the high end of guidance. We exited fiscal 2026 with QCT Automotive revenues at an annualized run rate of approximately $8 billion and continued momentum across our diversification strategy. Our Data Center business is beginning its ramp, and we reached a landmark agreement with SpaceX to accelerate Starlink Mobile’s nationwide terrestrial 5G network in the U.S.

Key highlights:

🔵Licensing: Apple, Huawei and Transsion renewals provide stability for QTL stability as we move to the 6G era; QTL revenue run rate is unchanged.

🔵Data Center: December-quarter revenues expected to exceed $650 million; Reiterating $5 billion fiscal 2027 target. Multigeneration AWS agreement covers custom AI inference silicon and optical connectivity. AI250 with Qualcomm High Bandwidth Compute exceeding our expectations for power-efficiency and bandwidth.

🔵Automotive and Robotics: Q4 Automotive revenue grew 89% year-over-year; annualized revenue run rate reached approximately $8 billion exiting fiscal 2026. Fifth-generation @Snapdragon Digital Chassis commercial shipments began in the September quarter, ramping through fiscal 2027. Qualcomm Dragonwing IQ10’s commercial ramp is set to begin.

🔵Agentic AI: World’s first agentic smartphones launched on Snapdragon; customers are building agentic experiences for smartphones, smart glasses and new personal AI devices.

🔵SpaceX selected Qualcomm for its @Starlink Mobile’s nationwide U.S. terrestrial 5G network. Deployment with Qualcomm Dragonwing infrastructure platforms begins in 2027 under a multiyear agreement.

Looking ahead, we expect QCT non-handset revenues to grow more than 60% year-over-year and account for more than 50% of QCT revenues in fiscal 2027. $QCOM

For a cautionary note regarding forward-looking statements, information regarding our use of non-GAAP financial measures and a reconciliation to the most directly comparable GAAP measures, please see our earnings presentation available on our Investor Relations website: bit.ly/3V94Mki

Qualcomm's Q4 FY26 earnings call starts now. Join: investor.qualcomm.com/overview/defau… $QCOM

Reminder: Our Q4 FY26 earnings call is today at 1:45 PM PT. $QCOM

SpaceX has selected Qualcomm #Dragonwing Cellular Infrastructure solutions to support @Starlink Mobile’s nationwide terrestrial 5G network in the U.S. x.com/i/article/2117…