To: GR8FORM who wrote (195239 ) 8/16/2025 4:53:15 PM From: Jim Mullens 12 RecommendationsRecommended By
Read Replies (1) | Respond to Gr8, re: Akash at JP Morgan......................................................................................... Copilot generated Here’s a structured summary Automotive Segment Revenue Targets & Visibility Qualcomm is on track to exceed its $4B FY26 automotive revenue target in FY25. Targeting $8B by FY29, with >80% of revenue already covered by design wins. CAGR of ~20% expected over the next 4 years. Segment Composition Revenue mix: ~? ADAS, remainder split between digital cockpit and connectivity. Geographic diversity: wins across China, Europe, Japan, and the U.S. Content Per Vehicle Some vehicles now carry $2K–$3K of Qualcomm content. Growth driven by demand for modern digital cockpits and ADAS features. BMW Partnership Jointly developed ADAS stack with BMW, now deployed globally. Qualcomm can resell the stack to other OEMs—already has wins outside BMW. Strategic entry point into robotics and physical AI markets. AI & Agentic Workflows In-Car AI Agentic AI will transform cockpit interaction—voice-driven, RAG-enabled, integrated with service data. ADAS stacks now trained using synthetic data, accelerating development. On-Device AI Qualcomm sees cars, robotics, wearables, and industrial devices as key on-device AI platforms. Emphasis on low power, sensor fusion, and edge compute. IoT & Personal Devices XR & Wearables Personal agentic AI devices (glasses, watches, lockets) are emerging as a new category. Qualcomm chips power nearly all of them—1B parameter models running on-device. Industrial AI Transition from microcontrollers to edge AI in industrial settings. Security cameras and factory sensors are key use cases. PC Market Qualcomm aims to lead Windows ecosystem with smartphone-class chips. 9% share in $500+ PC segment in U.S./Western Europe. New chips launching next month to reinforce performance leadership. Data Center Strategy CPU & NPU Focus Qualcomm leveraging NUVIA’s custom CPU for data center. Focused on inference workloads, not training. Alphawave acquisition adds connectivity IP for data center integration. Revenue Timeline Targeting fiscal 2028 for meaningful data center revenue. Engaged with one large hyperscaler and other partners like HUMAIN. Handsets Android Momentum Growth driven by premium-tier content, mix shift, and Android share gains in China. New premium-tier chip launching earlier this year (e.g., Xiaomi). OEM Strategy Long-term agreements with Xiaomi and Samsung. Internal OEM chips (e.g., Xiaomi’s) not seen as a major threat—Qualcomm leads in performance. Financial Outlook QCT Margins 30% margin target seen as sustainable despite Apple revenue decline. Growth in auto and IoT expected to offset Apple headwinds.
