ChainCatcher report: Broadcom announced its fiscal year 2026 third-quarter 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 initiatives 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.
Broadcom Q3 revenue exceeds $29.59 billion, up 86% year-over-year.
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Summary
Broadcom’s Q3 revenue reached $29.59 billion, an 86% year-over-year increase, driven by strong on-chain data from its semiconductor and software segments. Earnings per share rose to $2.68, with net profit at $13.09 billion. Semiconductor revenue hit $16.7 billion, and infrastructure software revenue reached $8.75 billion. On-chain analysis indicates that AI partnerships with Anthropic, OpenAI, Google, and Meta are accelerating. The company aims to generate $115 billion in AI revenue by FY2027.
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