Qualcomm expects data center revenue above $650 million in December quarter

The chipmaker's AI accelerator and connectivity shipments are ramping as it tries to outgrow its dependence on smartphones Qualcomm says its data center business should bring in more than $650 million in the December quarter. That would make one three-month stretch bigger than the segment’s entire previous fiscal year. The guidance arrived with Qualcomm’s fiscal fourth-quarter 2026 earnings release, dated November 4, 2026. It signals that the company’s push into AI infrastructure is moving from slide decks to shipping docks. From pilot program to real revenue The December quarter is the first quarter of Qualcomm’s fiscal 2027. The company tied the expected jump to two product lines now hitting customers. Custom AI accelerators began shipping in October. Connectivity solutions for Amazon Web Services are expected to ramp in November. The scale-up looks steep on paper. Qualcomm’s data center segment generated $476 million across all of fiscal 2026. The December-quarter guidance of more than $650 million would beat that full-year figure in a single quarter. The company has bigger numbers in mind. Qualcomm is targeting $5 billion in data center revenue for full fiscal 2027, which would...