Qualcomm projects $15B data center revenue by 2029 as smartphone sales sink 20%
The Verge AI · rss · 2026-11-05
On its Q4 2026 earnings call, Qualcomm outlined plans to expand into AI data centers to offset smartphone sales falling roughly 20% versus 2025. Building on partnerships with Amazon and Meta, it forecasts about $650 million in data center revenue for Q1 2027, $5 billion by end of 2027, and $15 billion by 2029 — notable given total 2026 revenue was $10.4 billion.
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