Summary
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 5 billion by the end of 2027 and 15 billion by 2029. Qualcomm is betting big on data centers as smartphone sales sink Qualcomm expects data center chips will eventually account for 30% of its business. Qualcomm expects data center chips will eventually account for 30% of its business.   Considering the company’s [total revenue](https://investor.qualcomm.com/files/content_files/FY2026-4th-Quarter-Earnings-Release.pdf) for 2026 was 10.4 billion, that would constitute a significant share of its earnings. It confirmed during the call that it expects data centers to eventually account for around 30 percent of its business. That’s not quite as ambitious as AMD, which says that it expects over 80 percent of its revenue will eventually come from data centers. But it suggests there’s plenty of demand that needs to be filled and enough AI money to go around. Most Popular
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