Broadcom projects its AI semiconductor revenue will jump from $58 billion in fiscal 2026 to about $230 billion by fiscal 2028, signaling rapid growth in AI infrastructure demand. In Q3, AI-related revenue surged 221% to $16.7 billion, with a strong operating margin of 67.9% despite challenges in product mix. The company benefits from diverse AI tech including custom XPUs, networking, and optics, positioning it well as AI infrastructure scales. Broadcom's earnings multiple is expected to compress from 31.8x in the near term to around 14x by fiscal 2029 as earnings grow rapidly.
Broadcom's AI semiconductor revenue nearly doubled in one quarter, reaching $16.7 billion, yet its stock price is down 25% from its summer peak due to investor concerns. The company projects AI revenue to hit $230 billion by fiscal 2028, supported by...
Broadcom reported an 86% year-over-year revenue increase to $29.59 billion and adjusted EPS of $3.32 for Q3, driven by strong AI semiconductor demand. However, shares fell 2.1% premarket due to weaker-than-expected Q4 revenue guidance of $34.8 billio...
Broadcom reported better-than-expected quarterly results but its shares fell due to a fourth-quarter revenue forecast below analyst estimates. CEO Hock Tan revealed plans to double AI revenue to $115 billion in 2027 and then to $230 billion the follo...
Broadcom Inc. reported strong fiscal Q3 results, surpassing revenue estimates with an 86% increase driven by semiconductor solutions, which now make up 70% of its revenue. The company benefits from demand for custom AI accelerators and networking pro...
Broadcom Inc. reported a robust Q3 with earnings per share up 96% and revenue rising 86%, driven by a 221% surge in AI semiconductor sales and 30% growth in infrastructure software. Despite these strong results, the stock price fell after earnings, p...
