Qualcomm Q4 Revenue Drops 8% to $10.3B, Guides $5B Data-Center Revenue in Fiscal 2027

Qualcomm reported fiscal Q4 revenue of $10.44B with EPS of $2.17, as handset chip sales fell 26% to $5.14B under memory-cost pressure. Data-center revenue hit $650M in the quarter, and management projected $5B of data-center revenue for fiscal 2027, framing the ramp as supply-constrained rather than demand-constrained. QCOM dropped roughly 6% after hours on soft forward guidance of $10.4-$11.2B.