EQUIPThe Verge · 1h ago
Qualcomm is betting big on data centers as smartphone sales sink
Executive Brief
The 30-second read
Qualcomm is pivoting toward the AI data center market to offset a 20 percent decline in annual smartphone sales. The strategic shift involves leveraging new partnerships with Amazon and Meta to secure revenue growth through enterprise infrastructure.
- 01Smartphone sales fell 20 percent in 2026 compared to the previous year
- 02Company strategy now prioritizes the AI data center sector to bolster financial performance
- 03New partnerships established with Amazon and Meta support infrastructure expansion efforts
- 04Q4 2026 earnings report formalizes the transition from mobile-centric to enterprise hardware focus
Go deeper · Equip playbook
Business Travel Management 2026: Program Blueprint →AI-generated summary · Verify at source
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 […]