Qualcomm Incorporated (NASDAQ: QCOM) reported fiscal fourth‑quarter and full‑year results for the period ended September 27, 2026, delivering non‑GAAP revenues at the high end of guidance and a 36% year‑over‑year jump in combined QCT Automotive and IoT revenues.
CEO Cristiano Amon said fiscal 2027 marks the start of a non‑handset revenue inflection, with the Data Center business leading the charge. The company projects non‑handset growth of more than 60% YoY and reiterated its fiscal 2027 Data Center revenue target of $5B.
Rising input costs across wafer fab, assembly, test, advanced packaging, memory and other materials are pressuring margins. Qualcomm is adjusting pricing to offset these expenses and expects the full impact on QCT gross margins in the second half of fiscal 2027. Forward‑looking statements carry risks detailed in the release and the firm’s SEC filings.
The results highlight Qualcomm’s strategic shift beyond handsets, with strong automotive, IoT and data‑center growth driving future performance. Investors will monitor how the $5B Data Center goal is achieved amid industry cost pressures.
Source: TechPowerUp News · Summarized by HeadlinesBriefing