Broadcom Reports Record Q3 Revenue as AI Chip Sales Surge 221%
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Broadcom Inc. announced fiscal third-quarter 2026 financial results, reporting record revenue driven by strong demand for artificial intelligence hardware. For the quarter ending August 2026, the company posted total revenue of $29.59 billion, marking an 86% increase compared to the same period in the previous fiscal year. Adjusted earnings per share reached $3.32, exceeding Wall Street consensus expectations. Semiconductor solutions revenue surged 127% year-over-year to $20.8 billion, fueled by a 221% increase in artificial intelligence semiconductor sales, which totaled $16.7 billion. Infrastructure software revenue rose 29% to $8.8 billion. Despite the record performance, Broadcom shares experienced volatility in after-hours trading following forward fourth-quarter revenue guidance of approximately $34.8 billion, which came in slightly below analyst expectations. Chief Executive Officer Hock Tan projected continued momentum, forecasting full-year fiscal 2026 AI revenue of $58 billion and outlining long-term targets for fiscal 2027 and 2028.
Timeline
- On December 12, 2024, Broadcom reported strong quarterly earnings driven by enterprise software integration.
- On March 6, 2025, the company announced expanding data center partnerships across major cloud providers.
- On June 5, 2025, quarterly revenues crossed initial benchmarks supported by early artificial intelligence hardware demand.
- On September 4, 2025, Broadcom issued robust forward-looking guidance for custom semiconductor chip manufacturing.
- On December 11, 2025, fiscal fourth-quarter results highlighted accelerating adoption of networking infrastructure components.
- On March 5, 2026, the firm reported substantial gains in custom accelerator shipments to major tech clients.
- On June 3, 2026, second-quarter financial filings confirmed rising operating margins and expanding software segment sales.
- On August 18, 2026, market analysts adjusted price targets ahead of anticipated third-quarter earnings reports.
- On September 2, 2026, Broadcom released fiscal third-quarter results showing record revenue of $29.59 billion.
- On September 3, 2026, market participants reacted to fourth-quarter revenue guidance while monitoring broader sector valuations.
- Coming quarters will test whether supply chain capacity can meet surging multi-billion-dollar artificial intelligence hardware orders.
Sources
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