Broadcom Reports Q3 Revenue Up 86% YoY to $29.59B Amid AI Chip Surge
Macro·1 article across 1 outlet·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Broadcom reported Q3 revenue of $29.59 billion, an 86% increase year-over-year, surpassing estimates of $29.36 billion. The company's AI semiconductor revenue surged 221% to $16.7 billion, indicating strong growth potential in the AI sector.
Despite the impressive revenue figures, Broadcom issued a disappointing revenue forecast for the upcoming quarter, which led to a 5% drop in shares during extended trading. The company remains optimistic about a surge in AI chip sales over the next two years, aiming to challenge Nvidia's market dominance.
Broadcom
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Broadcom gave a disappointing revenue forecast for the current quarter but provided robust earnings guidance for fiscal 2028.”
CNBC — Broadcom delivers strong earnings view as CEO touts growth with AI labs“Broadcom Inc. predicted a surge in artificial intelligence chip sales over the next two years, helping renew optimism that the company can challenge Nvidia Corp.’s dominance in the market.”
Bloomberg — Broadcom Predicts Surge in AI Chip Revenue Over Next Two Years“Results from the chipmaker might offer clues about how businesses are thinking beyond NVIDIA for their AI infrastrucutre needs.”
thestreet — Broadcom Inc. Q3 2026 Earnings: Live Updates of $AVGO Earnings Call, Forecast“Jordan Novet / CNBC: Broadcom reports Q3 revenue up 86% YoY to $29.59B, vs.”
techmeme — Broadcom reports Q3 revenue up 86% YoY to $29.59B, vs. $29.36B est., AI semiconductor revenue up 221% to $16.7B, and forecasts Q4 revenue below estimates (Jordan Novet/CNBC)
Earlier versions
- Sep 2, 8:19 PM — Broadcom Predicts Surge in AI Chip Revenue Over Next Two Years (1/1)