Qualcomm bets on AI data center chips, targeting 30% of its business
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On the Q4 2026 earnings call held on November 5, 2026, Qualcomm announced it will bet on its AI data center business to hedge against declining phone sales. Qualcomm has already reached relevant partnerships with Amazon and Meta. The company laid out a clear revenue roadmap: data center revenue is expected to reach about $650 million in Q1 2027, $5 billion by the end of 2027, and $15 billion by 2029, ultimately accounting for roughly 30% of the company's overall business. By comparison, AMD expects data center revenue to account for more than 80%, highlighting a clear difference in the strategic weight the two companies place on the data center business. This business is still in the early stages of expansion, and the above figures are Qualcomm's official targets and forecasts.
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- The Verge · AIQualcomm is betting big on data centers as smartphone sales sink
On its Q4 2026 earnings call, Qualcomm announced a push into the AI data center business, having already reached partnerships with Amazon and Meta. The company expects data center revenue of about $650 million in Q1 2027, $5 billion by the end of 2027, and $15 billion in 2029, eventually accounting for roughly 30% of its overall business; by comparison, AMD expects data center revenue to make up more than 80% of its total.
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