Key takeaways from Qualcomm analyst day
Qualcomm’s revenue forecast reflects the boost from the automotive industry, with revenues estimated to reach more than USD9 billion by 2031 backed by the adoption of design wins that come to fruition for its “Digital Chassis.”
Qualcomm conducted its first automotive investor day on 22 September 2022. In the past, the automotive industry was considered a minor part of the multiple sectors Qualcomm covers. As a result of ongoing trends in the automotive industry, such as connected mobility and autonomous driving, Qualcomm's technologies are in high demand, and their adoption is accelerating. The automotive sector generates predictable long-term earnings growth and diversification for Qualcomm and is growing into an important sector of its business.