Qualcomm: Handset Pains Persist - Data Center Inflection In FY 2027

Juxtaposed Ideas 16.14K Followers Follow Summary AAPL attrition and the memory/storage supply crunch underscore QCOM's headwinds, with FQ4'26 and FY2027 likely to deliver mixed handset metrics. These may be balanced by the accelerating data center/automotive monetization opportunities, based on the $40B QCT non-handset revenue guidance by FY2029. QCOM's diversification strategy is materializing, with the upcoming FY2027 data center inflection underscoring the successful M&A efforts. Risks include delayed handset recovery through late 2027, before the potential memory chip oversupply in 2028 reverses the supply chain issues. QCOM remains a Buy, as the recent selloff restores its deep value investment thesis and unlocks an excellent +68.9% upside potential to my LTPT of $271.30. DNY59/E+ via Getty Images I previously rated QUALCOMM ( QCOM ) ( QCOM:CA ) as a Buy in June 2026, as they won a hyperscaler contract and guided ambitious FY2029 targets. In this article, I shall discuss why QCOM remains a Buy, thanks to the This article was written by Juxtaposed Ideas 16.14K Followers Follow I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles. Analyst’s Disclosure: I/we have a beneficial long position in the shares of AMD, NVDA, AVGO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The analysis is provided exclusively for informational purposes and should not be considered professional investment advice. Before investing, please conduct personal in-depth research and utmost due diligence, as there are many risks associated with the trade, including capital loss. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.