SUMMARYManagement reported a strategic shift toward diversifying QUALCOMM Incorporated (QCOM +4.66%) into nonhandset markets, including data center, automotive, and industrial IoT, to mitigate exposure to a contracting mobile sector. Welcome to the QUALCOMM Third Quarter Fiscal 2026 Earnings Conference Call. This means hybrid inference will evolve across the entire compute continuum from data center to on-premise network edge and edge devices. This forecast includes data center revenue growth to $5 billion in fiscal '27 and $15 billion in fiscal '29. And really, the data center revenue coming in since the first revenue is mostly from custom chip engagements.