Cristiano Amon

Amon says data center is a top strategic priority and a major focus of his own time, built on long-term customer relationships and an open software ecosystem.

Data Center is another area where we made considerable progress this quarter. It is one of our top strategic priorities, and a major focus of my own time, as we build this business around long-term customer relationships, a broad product portfolio, and an open software ecosystem.

Amon says High Bandwidth Compute is beating Investor Day targets, with about 0.3 pJ/bit versus a 0.5 target and yields above expectations, and is especially efficient for decode.

We're very happy with the progress we're making on HBC. We're actually doing better than what we said on Investor Day. We had a target on the design to about 0.5 picojoules per bit. We're doing better in the lab. We're doing about 0.3. Yield is exceeding our expectations.

Amon argues the smartphone is the essential device for agentic AI because it holds user context, preferences and permissions, and will drive more compute content per device.

The smartphone is an essential device for agentic experiences, as it's the device that knows people best. It's always with them and has their context, preferences, and permissions. The device is also evolving to simultaneously support what the user is doing and what agents are doing on the user's behalf.

Amon says many uncertainties—licensing renewals, loss of Apple, and memory pricing hitting the handset market—are now behind Qualcomm, with handset units expected flat to down in 2027.

We closed fiscal 2026 with many of the uncertainties that have been weighing on our business now behind us. Specifically, QTL license renewals, the loss of Apple as a customer, and the negative impact of memory pricing on the size of the mobile industry.

Amon welcomes the jury finding that Arm breached its license agreement and acted anticompetitively, calling it a victory for innovation and competition.

We're gratified that the jury found Arm breached its long-standing architecture license agreement, ALA, with Qualcomm, failed to honor its commitments, intentionally acted to disrupt Qualcomm's business, and engaged in unfair competition both as a supplier and a competitor.

Amon says the Starlink 5G win reflects an opening to innovate in wireless infrastructure beyond dedicated equipment, via Open RAN and AI-native approaches.

The industry has been running on dedicated equipment. I think we have seen a lot of trends of technology ranging from Open RAN to AI native as an opportunity to innovate in this space.

Amon said Qualcomm's data center constraints come from supply rather than demand, and data center revenue is expected to reach $5 billion in fiscal 2027.

CEO Cristiano Amon said data center constraints stem from supply, not demand, with data center revenue seen reaching $5 billion in fiscal 2027.

Amon says Qualcomm's $5 billion data center commitment is constrained by supply rather than demand, and he would invest more if he had more resources.

And I'll tell you right now, regardless of all this noise, I think our $5 billion commitment is not demand-driven. It depends entirely on the offer. If I had more resources, I would probably make more than $5 billion .

Amon argues Qualcomm's low-power computing DNA positions it to help data centers cut total cost of ownership.

What we do in data centers, if you think about a company like Qualcomm, our DNA is low-power computing. In data centers, there will be a need to reduce the total cost of ownership (TCO).

Amon says Qualcomm's $15 billion FY29 data center target rests on new inference-focused technologies with minimal compute density and power use.

when we think about our $15 billion forecast for FY29, there are a lot of new technologies coming out, and we're focusing on inference, decoding, and trying to do that with the lowest possible compute density and power consumption.

Amon said Qualcomm's handset weakness stems from supply constraints, not weak demand, and that more supply would have improved results.

"We don't have a demand issue; it's a supply issue," CEO Cristiano Amon said. "If I had more supply, I would probably be doing better."

Amon said fiscal 2027 begins Qualcomm's non-handset revenue inflection, including the data center ramp.

“Fiscal 2027 marks the start of our non-handset revenue inflection, including the ramp of our Data Center business,”

Amon reaffirmed that Qualcomm's share of Samsung's next-generation Galaxy flagship chips is now north of 70 percent.

“Absolutely,” he said. “The baseline was 50 percent. This baseline is no longer 50 percent. It’s north of 70 percent.”

Amon says data center is a top strategic priority for Qualcomm, built on long-term customer relationships, a broad portfolio and open software.

Data center is another area where we made considerable progress this quarter. it is 1 of our top strategic priorities and a major focus of my own time, as we build this business around long term customer relationships a broad product portfolio in an open software ecosystem.

Amon says Qualcomm's high bandwidth compute technology beats its power-efficiency target in the lab and is especially efficient for decode workloads.

We had a target on the design to about 0.5 picojoules per bit. We are doing better in the lab. We are doing about 0.3. Yield is exceeding our expectations. The main workloads that we are getting a lot of traction, it is incredibly, efficient for decode.

Amon argues smartphones are essential for agentic AI and that on-device compute must take a step-function leap to run 100B-parameter models by 2028.

The smartphone is an essential device for agentic experiences as it is the device that knows people best. it is always with them has their contacts, preferences, and permissions. For perspective, leading AI companies are targeting smartphones by 2028 capable of running 100 billion parameter models locally with an all day battery life. Reaching this goal will require a step function change in on device compute performance.

Amon expects optical interconnect industry consolidation, akin to RF front end, to create opportunities, and Qualcomm is talking with laser companies about partnerships.

I think the structure of the industry is going to change. My analogy is what happened on RF front end. And that creates opportunity. So we have been engaged in very interesting conversations with some of the laser companies, especially as different forms of partnerships and strategic partnerships are going to be formed.

Amon says Qualcomm's baseline share at Samsung Galaxy is now north of 70%, up from 50%.

If you think about our business in the past, the baseline was 50%. This baseline is no longer 50%. it is north of 70%, as we have been doing. When you think about future generations of Galaxy. This is how we plan our business and I encourage all of you to plan the same way.

Amon announced that Starlink Mobile picked Qualcomm for a nationwide US terrestrial 5G network, with deployment starting in 2027.

I am very proud to share that StacyX selected Qualcomm to power Starlink Mobile's nationwide terrestrial 5G network in the U.S. Under a multiyear agreement, deployment begins in 2027 and is expected to be 1 of the largest 5G deployments in the United States.

Amon welcomes the jury finding that Arm breached its license agreement and says Qualcomm will keep delivering Oryon CPUs from mobile to data center.

We are gratified that the jury found ARM breached its long standing architecture license agreement ALA with Qualcomm. This outcome is a victory for innovation and competition. And we remain focused on developing and delivering industry leading semiconductor products, including our Oryon CPUs to customers and consumers worldwide from mobile, to data center.

Amon says Qualcomm plans for flat-to-down global handset units in 2027 with the Apple modem transition fully incorporated.

Our plan assumes global handset units will remain flat to down in calendar 2027. The timing and shape of the Apple modem transition is fully incorporated in how we are planning the business and its well understood at this point.

Amon says the fifth-generation automotive platform brings 8x silicon content versus the third generation, with growth driven by share gains.

for cars that you see now on the road that, with Ford third generation platform, the silicon content increase versus the fifth generation is 8x. there is a lot more a lot more compute content. Into the automotive and most of our automotive growth is really share where the design win pipeline translates into revenue.

Amon said fiscal 2027 begins Qualcomm's non-handset revenue inflection, with non-handset revenue projected to grow over 60% and the $5 billion Data Center revenue target reiterated.

“Fiscal 2027 marks the start of our non-handset revenue inflection, including the ramp of our Data Center business,” Qualcomm president and CEO Cristiano Amon said, looking ahead. “Non-handset revenues are projected to grow by more than 60 percent year-over-year, and we are reiterating our fiscal 2027 Data Center revenue target of $5 billion.”

Amon called the SpaceX Starlink Mobile deal a significant win for Qualcomm's infrastructure business and the start of a strategic relationship with great potential.

We are very proud. This new architecture establishes a foundation for next-generation connectivity and network intelligence. This is a significant win for our infrastructure business and the beginning of a strategic relationship with tremendous potential.

Amon said Qualcomm sees sequential improvement in handsets and that Android shipments in China have bottomed.

Chief Executive Cristiano Amon said the company was seeing signs of sequential improvement in handsets and that Android shipments in China had bottomed.

Amon expects Qualcomm to reach $5 billion in data center revenue in fiscal 2027 and says a global hyperscaler is engaged.

Amon said the company expects 5 billion US dollars of data center revenue in fiscal 2027 and has engaged a global hyperscaler.

Amon said Qualcomm's handset weakness stems from constrained supply, notably memory, rather than weak demand, and that more supply could improve results.

We don't have a demand issue; it's a supply issue.

Amon expects Qualcomm's AI data center business to reach USD 5 billion in revenue in fiscal 2027.

CEO Cristiano Amon expects this business to generate USD 5 billion in fiscal 2027.

Amon said Qualcomm's weak results stem from constrained supply, not weak demand, implying more memory supply would have improved the outcome.

"There is no problem with demand, there is a problem with supply," Chief Executive Cristiano Amon said. "If we had more supply, the situation would have been better."

Amon called the SpaceX Starlink Mobile deal a significant win for Qualcomm's infrastructure business and the start of a strategic relationship with great potential.

We are very proud,” said CEO Cristiano Amon of the SpaceX deal. “This new architecture establishes a foundation for next-generation connectivity and network intelligence. This is a significant win for our infrastructure business and the beginning of a strategic relationship with tremendous potential.

Amon said fiscal 2027 begins Qualcomm's non-handset revenue inflection, with non-handset revenue projected to grow over 60% and the data center revenue target of $5 billion reiterated.

fiscal 2027 marks the start of our non- handset revenue inflection, including the ramp of our data center business. Again, uh like so many in the semi and chip place uh or area looking to kind of improve or greaten their um exposure to the AI trade if you will in the AI build. Non-handset revenues going on to say are projected to grow by more than 60% year-over-year. We are reiterating our fiscal 2027 data center revenue target of $5 billion.

Amon said smartphone weakness stems from memory supply constraints rather than weak demand, and results would have been better with more supply.

"There is no problem with demand; the problem is supply," Qualcomm Chief Executive Cristiano Amon said. "Things would have been better if there had been more supply."

Amon said Qualcomm's data center business earned $650 million this quarter, targets $5 billion in fiscal 2027, and that demand is strong but supply-constrained.

Qualcomm CEO Cristiano Amon said the company’s revenue from data center solutions amounted to $650 million during the quarter, mainly due to product adaptation and connectivity work. The company expects to generate $5 billion in revenue from this area in fiscal 2027. According to Amon, demand exists in the segment, but the company is constrained by supply.

Amon said Qualcomm's constraint in its data center business is supply rather than demand, and that more supply would improve results.

"We don't have a demand issue; it's a supply issue," Amon said. "If I had more supply, I would probably be doing better."

Amon expects Qualcomm to reach $5 billion in data center revenue in fiscal 2027, backed by a new optical connectivity customer and hyperscaler engagement.

Amon said Qualcomm expects $5 billion in data center revenue in fiscal 2027. He said the company recently signed a customer for optical connectivity and had engaged a global hyperscaler.

Amon says fiscal 2027 begins Qualcomm's non-handset revenue inflection, with non-handset revenue growing over 60% and the $5B Data Center target reiterated.

Fiscal 2027 marks the start of our non-handset revenue inflection, including the ramp of our Data Center business. Non-handset revenues are projected to grow by more than 60% year-over-year, and we are reiterating our fiscal 2027 Data Center revenue target of $5B,