Qualcomm (QCOM) J.P. Morgan Hardware & Semis Access Forum summary

Automotive segment outlook

• Revenue target of $4B for fiscal 2025 is nearly achieved, with a $8B target set for 2029, reflecting a 20% CAGR and high predictability due to existing design wins.

• Revenue is diversified across ADAS, digital cockpit, and connectivity, with a third from ADAS and the rest mainly from cockpit and connectivity, spanning global OEMs.

• Content per vehicle is rising, especially in digital cockpit and ADAS, with some vehicles exceeding $2,000–$3,000 in content.

• BMW partnership is a milestone, enabling global deployment of a jointly developed ADAS stack, which can be resold to other OEMs.

• ADAS stack and chip platform are positioned for expansion into robotics and other physical AI markets.

Competitive positioning and technology

• Ride Flex SoC enables both cockpit and ADAS on the same chip, offering scalability across vehicle tiers and differentiating from competitors.

• Strong competitive position in ADAS, cockpit, and connectivity, with the best SoC in the industry and a robust design win pipeline.

• Released a white paper on automotive and ADAS for the conference.

AI and connectivity trends

• Agentic AI and LLMs are expected to transform cockpit experiences and accelerate ADAS stack development, driving demand for on-device AI and 5G connectivity.

• On-device AI adoption is broadening across automotive, robotics, personal, and industrial devices.