Qualcomm Projects Non-Handset Revenue to Reach 50% of Chip Sales by Fiscal 2027
Yahoo Finance ·
Qualcomm anticipates that its non-handset operations will account for over 50 percent of total QCT revenue by fiscal 2027 as the chipmaker diversifies beyond smartphones. During an analyst call on Wednesday, leadership projected that data center chip sales will achieve a 7 billion dollar run-rate by the end of fiscal 2027, backed by major cloud partnerships including a massive arrangement with Amazon Web Services. The company is actively expanding into artificial intelligence infrastructure to offset anticipated losses from the Apple modem business, increasing component costs, and softer mobile demand. For the fourth quarter, handset revenue dropped 26 percent to 5.14 billion dollars, pulling total sales down 8 percent to 10.3 billion dollars. Despite the core segment contraction and a 10 percent drop in overnight trading, Qualcomm issued an upbeat fiscal first-quarter sales forecast exceeding average estimates. Retail investor sentiment on Stocktwits consequently shifted from bearish to bullish, as market participants focused on the rapid growth trajectory of the data center division.
AI 시장 분석
In response to losing Apple's modem business and weak smartphone demand, Qualcomm plans to expand the revenue share of its non-handset segments (automotive, IoT, data centers) to over 50% by fiscal 2027. Notably, data center chip revenue is projected to reach an annualized run rate of $7 billion by the end of fiscal 2027, accelerated by partnerships with major cloud customers like Amazon. Although short-term stock prices fell due to a 26% drop in core handset revenue, retail investor sentiment has turned bullish on expectations for the diversification strategy.
상승 영향
- AI — Qualcomm is entering the AI infrastructure market in earnest with a target of $5 billion in data center chip revenue by fiscal 2027 through partnerships with Amazon Web Services (AWS) and others, driving rapid revenue growth.
하락 영향
- Semiconductors — Core handset chip revenue plummeted 26% due to weak smartphone demand and concerns over losing Apple's modem business, dealing a blow to overall QCT segment performance.
AI가 생성한 분석으로 투자 자문이 아닙니다.
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