Broadcom forecasts $58B fiscal 2026 AI revenue and outlines $115B in 2027, $230B in 2028

EarningsAnalyst Impact 5
โดย Seeking Alpha·US·Read original
Summary · why it matters

Broadcom reported record fiscal Q3 results and raised its full-year AI revenue outlook, forecasting $58 billion for fiscal 2026, up 186% year-over-year and above prior guidance of $56 billion. The company also outlined plans to double AI revenue to approximately $115 billion in fiscal 2027 and again to $230 billion in fiscal 2028, with CEO Hock Tan citing secured supply and line of sight for growth. In the quarter, AI semiconductor revenue more than tripled year-over-year to $16.7 billion, driven by six XPU customers, including the shipment of OpenAI's first-generation custom accelerator, Jalapeno. Consolidated revenue hit a record $29.6 billion, up 86% year-over-year, with non-GAAP EPS of $3.32, up 96%. For Q4, Broadcom expects AI revenue of $21.7 billion, up 236% year-over-year, and total revenue of $34.8 billion. Management highlighted supply-chain constraints in wafers, substrates, and HBM memory as key gating factors, and noted that Anthropic is on track to become its largest XPU customer in 2027.

Impact on stocks 1

Artificial Intelligence▲ · 1 stocks
Broadcom Inc
AVGO
▲ PositiveDemandrelevance

AI revenue forecast raised to $58B for 2026, with record Q3 AI semiconductor revenue tripling to $16.7B driven by six XPU customers.

Theme Impact 7

Off-coverage companies 2

AnthropicPrivate▲ Positive
Demandrelevance

Anthropic on track to become Broadcom's largest XPU customer in 2027, indicating strong demand.

OpenAIPrivate▲ Positive
Demandrelevance

OpenAI's first-generation custom accelerator Jalapeno shipped, contributing to Broadcom's AI revenue growth.

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