Qualcomm expects more than $650 million in data center revenue for the December quarter, compared with $476 million for all of fiscal 2026. The increase is driven by AI accelerator shipments that began in October and the planned November ramp-up of connectivity solutions for Amazon Web Services. The company targets $5 billion in annual data center revenue in fiscal 2027, a $7 billion annualized run-rate by the end of that year, and more than $15 billion in fiscal 2029. Amazon, which signed a deal covering up to $60 billion in potential purchases over ten years, and Meta are among its principal customers. In the fourth quarter, Qualcomm generated non-GAAP revenue of $10.44 billion and non-GAAP earnings per share of $2.17, while automotive revenue reached a record $1.99 billion.
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