Qualcomm Auto Revenue Hits Record $2 Billion

Qualcomm's automotive chip business posted a record $1.99 billion in revenue for its fiscal fourth quarter, up 89% year over year, the company said in its November 4 earnings release. The same report set a fiscal 2027 target of $5 billion for its newer data center business, a unit with no comparable revenue line a year earlier. Qualcomm ($QCOM) guided first-quarter fiscal 2027 revenue of $10.4 billion to $11.2 billion, with chips still the core of that growth.