Qualcomm expects data center revenue to reach $15 billion by 2029
Original title: Qualcomm is betting big on data centers as smartphone sales sink
Qualcomm forecasts data center chips to make up 30% of its business amid declining smartphone sales, with partnerships with Amazon and Meta.
Qualcomm is shifting focus to AI data centers due to sinking smartphone sales. It expects $650 million in Q1 2027, $5 billion by end 2027, $15 billion by 2029. Total 2026 revenue $10.4 billion.
- Partnerships with Amazon and Meta
- Data centers expected 30% of business
- Revenue forecasts: $650M in 2027, $5B by 2029, $15B by 2029
- Total revenue 2026: $10.4 billion
- Vendors
- Qualcomm
- Products
- Qualcomm chips
From the original article
1 min read at theverge.com
With smartphone sales tanking by around 20 percent compared to 2025, Qualcomm is looking to data centers to help boost its bottom line. During its Q4 2026 earnings call, the company laid out its plans to make a splash in the AI data center business, through partnerships with companies like Amazon and Meta announced earlier this year.
By Terrence O’Brien · theverge.com
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