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Qualcomm's Strategic Shift to Data Centers Amid Declining Smartphone Sales

Confirmed
Confidence
90%
Impact: 80%
Updated 6m ago

Consensus Brief

Qualcomm is pivoting towards the data center market as smartphone sales decline by approximately 20% compared to 2025. The company anticipates that data center chips will account for 30% of its business, projecting revenue growth from $650 million in Q1 2027 to $5 billion by the end of 2027 and $15 billion by 2029.

Sourced from
The VergeT2The VergeT2The VergeT2The VergeT2+5 more
Primary: The Verge

What Changed Since Last Update

6m ago

New corroborating source added: The Verge published an update on 2026-11-04 ("Qualcomm is betting big on data centers as smartphone sales sink").

Claim Ledger

4 claims tracked across sources

Confirmed Fact

Qualcomm expects data center chips will eventually account for 30% of its business.

Confirmed Fact

Qualcomm forecasts around $650 million in data center revenue during the first quarter of 2027.

Confirmed Fact

Qualcomm anticipates data center revenue will reach $5 billion by the end of 2027 and $15 billion by 2029.

Confirmed Fact

Smartphone sales have decreased by around 20% compared to 2025.

Role-Based Impact Analysis

Source Timeline

6 sources corroborating

Qualcomm is betting big on data centers as smartphone sales sink
The Verge·1h ago
T2
Qualcomm is betting big on data centers as smartphone sales sink
The Verge·1h ago
T2
Qualcomm is betting big on data centers as smartphone sales sink
The Verge·1h ago
T2
Qualcomm is betting big on data centers as smartphone sales sink
The Verge·1h ago
T2
Qualcomm is betting big on data centers as smartphone sales sink
The Verge·1h ago
T2
Qualcomm is betting big on data centers as smartphone sales sink
The Verge·1h ago