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Qualcomm is betting big on data centers as smartphone sales sink
- Publisher
- The Verge
- Topic
- AI
- Location
- California, US
- Published
- Nov 4, 2026 · 10:42 PM
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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. The company expects that portion of its business to grow quickly, forecasting around $650 million in data center revenue during the first quarter of 2027. But it anticipates that will reach $5 billion by the end of 2027 and $15 billion by 2029.
Considering the company's total revenue for 2026 was $10.4 billion, …
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Article at a Glance
- Publisher
- The Verge
- Author
- Terrence O’Brien
- Primary topic
- AI
- Coverage
- California, US
- Published
- Nov 4, 2026 · 10:42 PM
About the Publisher
The Verge is about technology and how it makes us feel. Founded in 2011, we offer our audience everything from breaking news to reviews to award-winning features and investigations, on our site, in video, and in podcasts.
Coverage
This report is associated with California, US based on the location metadata supplied with the story or publisher profile.
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Primary topic: AI
Related topics: AI, California, Local News
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