Qualcomm Projects $5 Billion Data Center Revenue by Fiscal 2027 Amid Starlink Mobile Expansion
During the Q4 fiscal 2026 earnings call, Qualcomm CEO Cristiano Amon outlined a strategic pivot toward data center and satellite connectivity markets. The company has set an ambitious target of reaching $5 billion in annual revenue from its data center segment by fiscal year 2027. This growth strategy coincides with expectations for Starlink Mobile deployments to begin in 2027, providing new avenues for Qualcomm's technology integration. While the company is navigating headwinds—including the loss of Apple as a customer and volatility in memory pricing—management believes previous operational overhangs have been significantly reduced.
Topics: customer loss earnings call licensing renewals revenue headwinds
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Part of the story Qualcomm Faces Short-Term Headwinds Amid Declining Smartphone Sales but Eyes Long-Term Growth via Automotive and AI (4 articles)