Quarterly guidance

Revenue
$10.4 billion to $11.2 billion
Non-GAAP EPS
$2.15 to $2.35
QTL Revenue
$1.3 billion to $1.5 billion
QCT Revenue
$9 billion to $9.6 billion
Data Center Revenue
>$650 million

Annual guidance

Data Center Revenue
$5 billion target for fiscal 2027
Non-handset Revenue
Growth of greater than 60% year-over-year

Outlook

Handset Market
Global handset units are expected to remain flat to down in calendar 2027.
Data Center
Revenue is expected to scale throughout fiscal 2027, exiting the year at a $7 billion run rate.
Automotive
Qualcomm is positioned to become one of the largest automotive semiconductor suppliers by revenue in fiscal 2027.
Pricing
Price increases implemented across products are expected to be fully reflected in QCT gross margins in the second half of fiscal 2027.
Diversification
Non-handset revenues are expected to represent more than 50% of QCT revenues in fiscal 2027.
SpaceX
Deployment of the nationwide terrestrial 5G network begins in 2027.