Qualcomm CEO - Going Forward, Our Plan Assumes Global Handset Units Will Remain Flat To Down In Calendar 27 - Conf Call

What happened

Qualcomm said its plan assumes global handset units will remain flat to down in calendar ’27. It expects non-handset revenue in its QCT segment to grow by more than 60% year over year in fiscal ’27, and data-center revenue to exceed $650 million in the December quarter.

Confirmed

Global impact / market context

A flat-to-shrinking handset market could limit growth in Qualcomm’s core phone-related business, while the company’s forecast for faster non-handset growth points to a shift toward other sources of revenue. If those forecasts are met, data-center and custom-silicon sales could offset some handset weakness.

Analyst inference

This points to a split in Qualcomm’s business: a flat-to-declining handset market may limit phone-related sales, while non-handset and data-center growth could help offset that pressure. The outlook therefore ties revenue growth to newer businesses as handset demand remains subdued.

Analyst inference

What to watch

1. Compare upcoming results with Qualcomm’s forecast of more than 60% year-over-year growth in QCT non-handset revenue during fiscal ’27. Confirmed
2. Check whether data-center revenue exceeds $650 million in the December quarter and whether custom accelerators begin shipping in October, as the company expects. Confirmed
3. Track handset-unit trends and QCT handset revenue; continued weakness could increase reliance on data-center and custom-silicon sales to support overall growth. Analyst inference

Evidence

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