AMD and Qualcomm post results as data center demand offsets device weakness

· Tech · United States

AMD reported a record quarter with $13.4 billion in revenue, as its data center business doubled while gaming revenue fell 40 percent. Separately, Qualcomm said smartphone sales dropped by around 20 percent compared with 2025, and used its Q4 2026 earnings call to lay out plans to expand into the AI data center business through partnerships with companies including Amazon and Meta. The two results point to the same shift: chipmakers are reorienting toward data center AI demand as consumer device markets weaken, even as their exposure to those markets varies widely.

Why it matters：Chipmakers' results show AI data center demand replacing consumer devices as the growth engine, a shift that will shape product roadmaps and capex across semiconductors.

Key points

  • AMD's data center revenue doubled in a record $13.4 billion quarter.
  • AMD gaming revenue fell 40 percent.
  • Qualcomm smartphone sales dropped about 20 percent year over year; it is partnering with Amazon and Meta on data centers.

Sources (original reporting)

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