Qualcomm Bets on Data Centers as Smartphone Sales Fall
Qualcomm is betting big on data centers as smartphone sales sink
- Who
- Qualcomm
- What
- forecast data center chips eventually accounting for around 30 percent of its business
- Quote
It confirmed during the call that it expects data centers to eventually account for around 30 percent of its business.
What happened
Qualcomm expects data center chips to eventually account for around 30 percent of its business as smartphone sales fall by around 20 percent compared with 2025. On its Q4 2026 earnings call, the company forecast data center revenue of around $650 million in the first quarter of 2027, $5 billion by the end of 2027, and $15 billion by 2029.
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See the full storyQualcomm Forecasts Data Centers Could Reach 30% of Its BusinessThe story so far
Qualcomm expects data center chips to eventually make up around 30 percent of its business, as smartphone sales fall around 20 percent compared with 2025. On its Q4 2026 earnings call, the company forecast data center revenue of around $650 million in the first quarter of 2027, $5 billion by the end of 2027, and $15 billion by 2029.
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