A post by @FirstSquawk on X.
QUALCOMM CFO SAYS Q1'27 GUIDANCE REFLECTS THE COMMENCEMENT OF SHIPMENTS TO TWO HYPERSCALER CUSTOMERS FOR CUSTOM SILICON ENGAGEMENTS, AND FORECASTS QCT HANDSET REVENUES TO DECLINE BY A MID-SINGLE-DIGIT PERCENTAGE SEQUENTIALLY IN Q1'27
@FirstSquawk on X
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Qualcomm's CFO said the company's fiscal Q1 2027 guidance includes the first shipments to two hyperscaler customers under custom silicon engagements, marking the start of a new revenue stream beyond handsets. At the same time, the company forecast QCT handset revenues will fall by a mid-single-digit percentage sequentially in Q1 2027. The disclosure matters because it frames the hyperscaler custom-chip ramp as a partial offset to softening smartphone demand, while giving investors a concrete timeline for when that business begins contributing. Watch the size and cadence of those initial hyperscaler shipments and whether handset weakness stays within the guided mid-single-digit sequential decline.
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Qualcomm (QCOM), hyperscaler customers
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