Qualcomm’s custom XR1 platform has become the foundation for the Ray-Ban Meta smart glasses, driving the company to increase production targets from 10 million to between 20 and 30 million units over the next 12 months. This surge represents a more than 150% increase in volume guidance year-over-year and is expected to contribute roughly $600 million to $800 million in incremental revenue for Qualcomm in fiscal 2026, according to management commentary during its recent investor day.

With the launch of the Dragonwing IQ10 Series, Qualcomm is positioning itself as a primary silicon provider for next-generation robots. Early pilots with Figure’s humanoid AI platform have already placed orders for over 5,000 Dragonwing IQ10 modules, translating into an estimated $75 million in chip sales over the next two quarters. Qualcomm projects the robotics segment to grow at a compound annual rate exceeding 40% through 2028, expanding its addressable market by more than $2 billion.

Beyond Meta and Figure, Qualcomm has signed development agreements with four additional Tier 1 OEMs in Europe and Asia for customized AI accelerators, securing non-cancelable commitments totaling $1.2 billion over the next three years. These deals include volume milestones tied to advanced packaging and ensure Qualcomm retains a 50% to 60% gross margin on AI chipsets, supporting overall corporate margins despite investments in R&D and capacity expansion.