Broadcom reported strong Q3 results, exceeding expectations with $15.95 billion in revenue and $1.69 adjusted EPS. The stock surged after CEO Hock Tan announced $10 billion in custom AI orders from a new, unnamed customer, and confirmed his continued leadership through at least 2026. AI-related revenue grew 63% year-over-year to $5.2 billion, and is projected to reach $6.2 billion in Q4. The company also boasts a record $110 billion backlog. Broadcom's strong performance reflects sustained high demand for AI semiconductors and networking solutions.

Prepared by Christopher Adams and reviewed by editorial team.