QCOM US

🌎Qualcomm has several compelling drivers for future growth, the most important of which are successful business diversification and an ambitious entry into the new data center market.

Key growth drivers:

Entering the AI ​​data center market.

The company signed its first contract with startup Humane to deploy a 200-megawatt infrastructure starting in 2026.

Diversification and growth beyond smartphones
Automotive segment: revenue exceeded $1 billion in the quarter, with year-over-year growth of 21-36%.
- IoT segment: revenue grew by 22-24% year-over-year.

Report:
Record annual revenue of the QCT division: ~$44 billion
High margins: EBITDA margin of 31%, net profit margin of 26%

Shares are trading at a significant discount to peers.