Broadcom's AI Semiconductor Revenue Triples to $16.7 Billion, Guides to $58 Billion for Fiscal 2026

Broadcom reported third-quarter fiscal 2026 results on September 2, 2026, with total revenue up 86% year-over-year to $29.6 billion and adjusted EPS of $3.32 — both above Wall Street estimates. Operating income rose 92% to a record $20.1 billion, and the company reported record revenue, operating profit and free cash flow for the quarter.

AI Semiconductor Revenue, Specifically

• AI semiconductor revenue reached $16.7 billion, up 221% year-over-year and 54% quarter-over-quarter
• Growth was driven by strong demand from six XPU (custom AI accelerator) customers, including Google, Anthropic and OpenAI
• Q4 AI semiconductor revenue is forecast to accelerate further, to $21.7 billion, up 236% year-over-year

A Multi-Year AI Revenue Outlook

Broadcom raised its full fiscal 2026 AI semiconductor revenue guidance to $58 billion, up 186% year-over-year, and provided a longer-range outlook projecting AI revenue to roughly double in each of the following two years — to $115 billion in fiscal 2027 and $230 billion in fiscal 2028.

What This Means for Enterprises Planning AI Infrastructure

Broadcom's results and forward guidance are a significant data point on the sustained scale of AI infrastructure investment by hyperscalers and frontier AI labs specifically, given the direct naming of Google, Anthropic and OpenAI as XPU customers driving the growth. For organizations planning multi-year AI infrastructure or cloud capacity budgets, a supplier of this scale projecting continued acceleration — rather than a plateau — through fiscal 2028 is a relevant signal about the underlying demand environment, distinct from any single AI application vendor's own results.