Broadcom Guides to $21.7 Billion in Fourth-Quarter AI Chip Revenue

EarningsAnalystProduct / Tech Impact 4
โดย GuruFocus·US·Read original
Summary · why it matters

Broadcom projected $21.7 billion in fiscal fourth-quarter AI semiconductor revenue, a forecast that would lift AI chips to roughly 62.4% of companywide sales. The custom-chip and infrastructure-software maker said AI semiconductor revenue surged 221% to $16.7 billion in the third quarter, about 56.4% of its $29.59 billion in total sales. Management now expects companywide fourth-quarter revenue of approximately $34.8 billion alongside a 66% non-GAAP operating margin. Shares gained approximately 0.2% to $358.13, a price that sits 12.42% below the $408.91 GF Value. The company's growth remains tied to custom accelerators and high-speed networking, deepening its exposure to a relatively small group of hyperscale customers.

Impact on stocks 1

Artificial Intelligence▲ · 1 stocks
Broadcom Inc
AVGO
▲ PositiveCapitalrelevance

Broadcom guided to $21.7B in Q4 AI chip revenue after AI semiconductor revenue surged 221% to $16.7B in Q3, with companywide Q4 revenue seen at ~$34.8B and 66% non-GAAP operating margin.

Theme Impact 6

Related news

Marvell Unveils Three 2-Nanometer Optical Technologies for AI Networks

Marvell Technology unveiled three 2-nanometer optical technologies aimed at easing one of AI infrastructure's biggest pressure points: moving more data through increasingly crowded networks. The lineup stretches from 400-gigabit-per-second-per-lane PAM4 technology built for 3.2-terabit connectivity to an 800-gigabit ZR/ZR+ pluggable with integrated MACsec encryption and 1.6-terabit coherent links spanning data-center connections. Marvell is also showing a 102.4-terabit-per-second co-packaged-optics platform among 38 demonstrations at ECOC. Shares climbed approximately 3.4% to $252.39 Monday, a level 109.07% above the $120.72 GF Value. The company's latest quarter produced $2.739 billion of revenue, up 37%, while data-center sales jumped 46%, though the next test is execution through customer design wins, production schedules, shipment volumes and margins.
MRVL ▲
Artificial Intelligence ▲Semiconductors ▲Cloud & Digital Infrastructure
GuruFocus·2hRead more →
▲3impact 4

Qualcomm Jumps 7% as Amazon Deal Could Bring $60 Billion in Orders

Qualcomm shares jumped approximately 7% to $190.085 after the chip designer disclosed an AI-infrastructure partnership with Amazon that could see the e-commerce and cloud giant purchase as much as $60 billion of Qualcomm products. Under the arrangement, Amazon would receive purchase-linked warrants valued at roughly $4 billion, equivalent to about 6.7% of the potential $60 billion purchasing ceiling. The two companies are also building custom inference silicon and optical connectivity capable of reaching 1.6 terabits per second. The deal gives Qualcomm a credible path to becoming a larger supplier inside hyperscale AI infrastructure rather than remaining overwhelmingly tied to mobile chips. At $190.085, Qualcomm trades 8.3% above its $175.52 GF Value estimate, suggesting the market is already pricing in part of the Amazon opportunity.
QCOM ▲AMZN
Semiconductors ▲Artificial Intelligence ▲Cloud & Digital Infrastructure ▲
GuruFocus·2hRead more →
2

Arm Stock's 46% Drawdown Tests $2 Billion Demand Claim

Arm's stock has swung on the same customer-demand figure three times in four months, with the chip designer plunging from an early-September peak near $452 in June to just under $244, a 46% drawdown reflecting a broader unwind of AI capital-spending optimism. On September 18, shares closed at $275.61, up 4.04%, after CEO Rene Haas told Jim Cramer that demand for Arm's technology has "never looked better." Haas has cited the AGI CPU demand figure before: Arm unveiled the chip in March with a roughly $1 billion revenue guide across fiscal 2027 and 2028, and by May disclosed customer demand had already surpassed that figure, yet the stock fell because the guide did not move. In July, Haas said demand "now exceeds $2 billion," and in September the same $2 billion figure produced the biggest rally yet, with the tone changing because supply confidence improved across wafers, substrates, test capacity, and memory. Margins on the in-house silicon are modest by Arm's standards, with first-generation gross margin expected in the high 30% range, maybe low 40s, and a longer-term path to 50%, compared to Arm's corporate 92.5% gross margin on royalties. NVIDIA's Arm-based Vera CPU, which Haas said delivers "up to 50% higher CPU performance and two times greater energy efficiency than comparable x86 systems," feeds Arm's royalty stream, while Qualcomm's Nuvia license trial in Q4 2026 could reprice royalties across the entire industry.
NVDA ▲QCOM
Semiconductors Artificial Intelligence
Yahoo Finance·3hRead more →
© 2026 MarketDXNews