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Qualcomm Projects Data Center Revenue Growth to $15B by 2029

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Qualcomm’s fiscal third-quarter results showed revenue down 4% year over year to $9.947 billion and net income down 25%, with handset revenue falling 20%. Automotive revenue rose 61% to $1.588 billion, and non-handset revenue reached 40% of total. The company projects data center revenue scaling from $5 billion in fiscal 2027 to $15 billion by fiscal 2029 on hyperscaler custom silicon wins.

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