# Qualcomm is betting big on data centers as smartphone sales sink

- URL: https://talkfuse.com/story/qualcomm-is-betting-big-on-data-centers-as-smartphone-sales-sink/
- Published: 2026-11-04T22:42:15+00:00
- Updated: 2026-11-04T23:05:04+00:00
- Original publisher: The Verge
- Original article: https://www.theverge.com/ai-artificial-intelligence/1026867/qualcomm-earnings-data-centers
- Topics: AI, Business, Companies, Gadgets, Technology

## Key points

- Smartphone sales are down around 20 per cent year on year.
- Qualcomm forecasts $15 billion in data centre revenue by 2029.
- It expects data centres to make up around 30 per cent of its business.

## Summary

Qualcomm is turning to AI data centres to support growth as smartphone sales fall by around 20 per cent compared with 2025. The company expects data centre work to become a significant part of its business, building on partnerships with Amazon and Meta announced earlier this year.

Qualcomm forecast about $650 million in data centre revenue in the first quarter of 2027, rising to $5 billion by the end of that year and $15 billion by 2029. It expects data centres eventually to account for around 30 per cent of its business; its reported 2026 revenue was $10.4 billion.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.