Qualcomm’s FY2027 Q1 guidance includes first custom chip shipments to two hyperscalers

Qualcomm guided to first shipments of its custom data-center chips to two hyperscaler customers in fiscal Q1 2027, marking the company’s entry into merchant silicon for AI infrastructure beyond its core smartphone business. The guidance signals a strategic diversification aimed at reducing Qualcomm’s revenue dependence on handsets and capturing a share of hyperscaler accelerator spending. Investors will watch for named customers, order volumes and whether the program expands to additional hyperscalers, since data-center revenue is expected to become a meaningful long-term growth driver.