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Akash Palkhiwala

Chief Financial Officer & Chief Operating Officer, Qualcomm

Search every verified Akash Palkhiwala interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Akash Palkhiwala, Qualcomm’s CFO and COO, participated in the company’s Investor Day on June 24, 2026, where Qualcomm announced a revised fiscal 2029 revenue target of $40 billion, nearly double the $22 billion target set 18 months earlier. Palkhiwala described the company’s AI data center push as a key inflection point, naming Meta Platforms and Microsoft as early customers. He stated that Qualcomm is targeting $15 billion in data center revenue by fiscal 2029, calling the overall market a “trillion-dollar market” and saying a roughly 5% share is “very reasonable.” He also said Qualcomm is bringing its low-power processing technology from edge devices to data centers, describing data centers as “token factories” where the company’s accelerator delivers tokens at the lowest power. On the company’s Q2 fiscal 2026 earnings call in April, Palkhiwala reported revenues of $10.6 billion and non-GAAP EPS of $2.65, with $3.7 billion returned to stockholders. He noted that QCT handset revenues from Chinese customers had been impacted by memory supply constraints driven by AI data center demand, and forecast that those revenues would bottom in the third quarter before returning to sequential growth. He also said Qualcomm expects initial shipments for a custom silicon engagement at a leading hyperscaler later in calendar 2026. In a May interview in India, Palkhiwala discussed Qualcomm’s involvement in semiconductor design and said the company expects to become one of the largest customers for India’s manufacturing ecosystem.

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