Tech

Qualcomm is betting big on data centers as smartphone sales sink

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 04/11/2026, 22:46:25 UTC.

Briefings

Qualcomm is aggressively pursuing AI data center revenue to offset declining smartphone sales, targeting $15 billion in revenue by 2029. The company secured partnerships with Amazon and Meta during Q4 2026 earnings, projecting a $650 million Q1 2027 revenue increase. This strategy aims to stabilize the company's financial outlook amid a 20 percent smartphone sales drop.

Key points

• Qualcomm secured partnerships with Amazon and Meta during Q4 2026 earnings to launch AI data center initiatives.
• The company forecasts $650 million in data center revenue for Q1 2027, rising to $15 billion by 2029.

Context

Qualcomm is responding to a 20 percent decline in smartphone sales by shifting focus to AI data center markets, leveraging partnerships with major tech firms to drive significant revenue growth.

Limitations

Revenue forecasts are projections for 2027 and 2029, not confirmed figures. Partnership details with Amazon and Meta are from Q4 2026 earnings, with specific implementation timelines not fully disclosed.

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