Qualcomm targets data-center growth as smartphone sales fall 20%

Qualcomm said on its Q4 2026 earnings call that it plans to expand in AI data centers, building on partnerships with Amazon and Meta announced earlier this year. It forecasts about $650 million in data-center revenue in Q1 2027, rising to $5 billion by the end of 2027 and $15 billion by 2029, as smartphone sales are reported to be down around 20% versus 2025.

The forecasts suggest Qualcomm is counting on data centers to offset pressure from weaker smartphone sales, so builders considering its offerings should distinguish projected growth from current scale: the cited Q1 2027 revenue is about $650 million. The article gives no detail on the partnerships’ revenue contribution or how the company expects to reach its longer-term targets.