Investor Day in 2026: The Next Chapter of Qualcomm

🎥 Jun 24, 2026 📺 Qualcomm ⏱ 5m 👁 725 views

On June 24, 2026, Qualcomm executives shared the company’s vision for its next chapter as a leading data center company, with expanding edge to cloud capabilities at Qualcomm Investor Day in New York City. Led by President and CEO Cristiano Amon, the event outlined how Qualcomm is evolving to lead in the era of agentic AI, expanding into a full-stack computing platform across edge, cloud, and data center, anchored by the introduction of Qualcomm Dragonfly, the company’s new data center solutions brand. Also announced was the doubling of the company’s revenue outlook for QCT non-handset reven...

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About Don Mcguire

Don McGuire, Senior Vice President and Chief Marketing Officer at Qualcomm, has been active in several industry events discussing the company's brand strategy and technological direction. At the 2026 SPORT BEACH Cannes event, McGuire spoke about the intersection of sports, music, and technology, stating that Qualcomm has begun combining sports and music partnerships to create deeper emotional connections with audiences. He also discussed how AI is changing content discovery, moving from traditional search methods toward agent-based interactions. At VivaTech Festival 2026, McGuire introduced the concept of the "ecosystem of you," describing it as a framework for using technology in daily life while keeping personal data private and secure, and allowing augmented intelligence to learn from users to become more helpful. At Qualcomm's 2026 Investor Day, the company announced a revised fiscal 2029 revenue target of $40 billion, up from a previous $22 billion target for non-handset revenue. McGuire noted that handset revenue is expected to fall below 50% of total revenue by 2027 and to one-third by 2029, as the company expands into automotive, IoT, and data center markets. In a 2024 interview, McGuire identified complacency and missing technological inflection points as the most destructive forces in tech, and he expressed skepticism about the need for AI to reach superintelligence, calling it "very dangerous" to pursue innovation for its own sake. He also emphasized that for AI to scale, it must be hybrid, with workloads distributed between cloud and edge devices to address sustainability and economic challenges.

Source: AI-verified profile updated from Don Mcguire's recent appearances. Browse all interviews →

Transcript (25 segments)

Don Mcguire0:03

Good afternoon everyone and welcome to Qualcomm's 2026 Investor Day.

Co-Panelist0:11

We're now in this transition to what we're going to do in the next 5 years and it's the next chapter of Qualcomm.

As AI starts to transform the devices on the edge, we're going to build on those assets. It is one of the broadest portfolios of semiconductors and we'll be a full stack player in physical.

AI compute everywhere.

Let me introduce to you DragonFly. This is our data center infrastructure to lead the industry into the next stage of AI.

AI changes the economics of compute. This is a race to the forefront and we have the technology pieces.

Needed to win. So, why are we entering now? Because we have the performance that the industry needs. I have not had to push my way into hyperscale customers. They've been pulling us in.

Today, we publish an announcement for Qualcomm to acquire Modular. Modular is a world leader in developing AI software solutions.

Our platform turns heterogeneous data center systems.

Into multi-silicon AI token factories. In this world, enterprises, partners, and developers can use the best silicon for each workload without being locked into a single hardware stack.

And so, this is why I'm so excited that Modular's joining Qualcomm. We're bringing together the perfect combination of scalable hardware and scalable software. This is joined with a shared ambition from both teams to make a world that is better for everyone with AI.

And now, with today's announcement, we have the world's best software stack that will build bridges across all the hardware of the industry.

Our operating mantra, we will win in our motive, we will disrupt industrial and we will define robotics.

We will hit $10 billion of revenue in fiscal 29. We'll be the largest automotive silicon supplier shortly.

Robotics is already a reality at Qualcomm and we are very excited to be powering this next generation of physical AI. What is today a $300 billion addressable market is going to become over a trillion dollars within the next decade.

Customer2:27

We are excited about your innovation in the data center, especially around high-bandwidth compute, and we look forward to building on that together. HPC implements an innovative architecture with high memory bandwidth and integrated compute that unlocks significant improvements in cost and performance for the next generation of AI infrastructure. And there's so much more to come. We look forward to our continued partnership as we build the next generation of computing together.

Co-Panelist2:53

Thank you so very much.

Customer2:54

I'm excited to share that we've entered a multi-generational collaboration for Qualcomm to supply CPUs for our data centers and help power our next generation server fleet. This will help put personal super intelligence into billions of people's hands. There's a lot more to come, and I'm looking forward to building together for a long time.

Co-Panelist3:11

AI is no longer a technology trend. It is becoming the operating system for every industry, every economy, and every society.

As the industry shifts towards agentic workflows, we're moving beyond simple responses to offer true digital agents. These are proactive, multi-step systems that seamlessly anticipate user needs across your entire ecosystem of devices.

Together, we're going to make open models easy to run everywhere, from a device in your hand to a full rack in the data center.

Data center will add a meaningful new vector of growth. We'll build the platform, we have the market scale, and we're executing on all the technology trends. Agentic AI at scale will drive an upgrade cycle on and across edge devices. As you have every single endpoint become an endpoint for agents, and you have an industry that wants an open ecosystem, that's what Qualcomm can do, supporting everyone.

We will have two hyperscaler customers that are at global scale that will drive at least 1 billion of revenue within the year.

18 months ago, we set a target of $22 billion in non-handset revenue. We are revising the target. Our fiscal 2029 revenue target is now $40 billion.

We'll be less than 50% in 2027. In 2029, with the forecast we just showed you, handset will be a third of our revenues. We're in licensing, Android handsets, automotive, IoT, and now in data center. Across these businesses, we address $1.7 trillion of TAM. We're very excited about what's in front of us. Thank you for being here with us. Really appreciate it. Thank you.