Qualcomm publishes transcript of Goldman Sachs Communacopia + Technology Conference appearance
QCOM•Conference transcript highlights data center strategy
Qualcomm transcript from Goldman Sachs Communacopia + Technology Conference, featuring CFO and COO Akash Palkhiwala in discussion with Goldman analyst James Schneider.
- Outlined a multiyear Amazon custom silicon deal with optical connectivity, tied to warrants vesting against up to $60 billion purchases over 10 years.
- Revenue from Amazon starts in the December quarter; Qualcomm reiterated about $5 billion data center revenue target for fiscal 2027.
- Maintained $15 billion data center revenue target for fiscal 2029; cited Amazon, a second hyperscaler, Meta CPU, HUMAIN AI accelerator.
- Gross margin seen roughly in line with current levels; operating margins expected to expand with scale toward a 30% target.
