Qualcomm (QCOM) Investor Day 2024 summary

Strategic vision and execution

• Pursuing a mission to enable intelligent computing everywhere, expanding beyond mobile into automotive, PC, XR, and industrial sectors since 2021.

• Focused on three technology pillars: wireless connectivity, high-performance/low-power computing, and AI at the edge.

• Strategy remains unchanged since 2021, with strong execution and diversification across industries, leveraging a proven framework for growth.

• Built industry-leading custom IP and scalable hardware/software platforms for each new market, including Snapdragon X Series and IQ Series.

• Leveraged inflection points, platform development, and scaling through partnerships with major OEMs and ecosystem partners.

Business segment performance and growth

• Achieved 20% YoY Android revenue growth in a flat mobile market for fiscal 2024, restoring performance leadership in Android and Windows PCs.

• Automotive design win pipeline reached ~$45B, with one-third from ADAS and five consecutive quarters of record revenue.

• PC business ramping with over 2.5x design win increase since launch, 58 designs in development, and strong Copilot+ PC momentum.

• XR (spatial computing) and industrial IoT positioned for inflection points, with new IQ Series portfolio, strategic partnerships, and AR glasses as emerging devices.

• Projected TAM of ~$900B by 2030, with over 50B cumulative connected edge device shipments from 2024-2030.

AI and technology leadership

• AI at the edge is a key growth driver, with GenAI accelerating demand and differentiation across all target industries.

• Custom-designed IP (CPU, GPU, NPU) and best-in-class performance per watt enable on-device AI for mobile, automotive, PC, XR, and industrial.

• Qualcomm AI Hub and unified AI software stack simplify developer access and deployment of AI models across devices.

• Partnerships with AWS, Microsoft, Meta, Lenovo, Samsung, Google, and leading OEMs drive AI innovation and ecosystem expansion.

• 1,000+ companies use Qualcomm AI Hub, including major tech and industrial players.