Broadcom Q3 revenue reaches $29.59 billion, up 86% year-over-year.

Huoxing Finance reports that Broadcom announced its third-quarter fiscal year 2026 results, with adjusted earnings per share of $3.32, exceeding the expected $3.24; revenue reached $29.59 billion, surpassing the expected $29.36 billion. Revenue for the quarter increased 86% year-over-year, rising from $15.95 billion in the same period last year to $29.59 billion; net profit rose to $13.09 billion, or $2.68 per share, compared to $4.14 billion, or $0.85 per share, in the prior-year period. Semiconductor revenue increased to $16.7 billion, while infrastructure software revenue reached $8.75 billion. The company forecasts fourth-quarter revenue of $34.8 billion, below the market expectation of $35.03 billion. CEO Hock Tan stated that the company is expanding its custom chip business with Anthropic, OpenAI, Google, and Meta, including Jalapeno shipments and TPU deployments, with targets of $115 billion in AI revenue for fiscal year 2027 and $230 billion for fiscal year 2028. Shares rose slightly in after-hours trading.