Qualcomm is betting big on data centers as smartphone sales sink
Qualcomm expects data center chips will eventually account for 30% of its business.
by Terrence O'Brien
Nov 4, 2026, 10:42 PM UTC
Illustration by Alex Castro / The Verge
Terrence O'Brien is the Verge’s weekend editor. He’s covered the tech industry for over 18 years and knows a thing or two about synths.
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 Metaannounced 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...
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