newsNovember 4, 2026Β·The Verge AI
Qualcomm is betting big on data centers as smartphone sales sink
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 an
d 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, β¦ Read the full story at The Verge.
Key Takeaways
- β’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.
- β’This story was reported by The Verge AI, covering developments in the news space.
- β’AI advancements continue to reshape industries β read the full article on The Verge AI for complete coverage.
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