AVGO · Technology

Broadcom Inc.

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: what to focus on this earnings window

News · 2026-09-23

• Revenue Performance and MixImportance 89 · Surprise 82
  Broadcom's Q3 FY26 revenue increased 85.5% year over year to $29.6 billion. AI semiconductor revenue grew 221% year over year, making AI the principal driver of the reported topline expansion. Operating leverage…
• China Data Center CompetitionImportance 31 · Surprise 42
  Chinese authorities are surveying Broadcom networking hardware used in state-backed data centers. The review reflects Beijing’s effort to reduce reliance on foreign AI infrastructure and promote domestic suppliers.…
• Export Controls / Regulatory RiskImportance 31 · Surprise 42
  Chinese authorities are surveying Broadcom networking hardware used in state-backed data centers, according to the Financial Times and Reuters. The review forms part of Beijing’s effort to reduce reliance on foreign AI…
• AI Infrastructure DemandImportance 26 · Surprise 24
  Broadcom is positioned to benefit from rising spending on AI inference chips, alongside AMD, as Nvidia remains strongest in model-training processors. Reporting highlights robust demand from custom XPU customers and…

News · 2026-09-22

• AI Revenue GuidanceImportance 75 · Surprise 60
  Broadcom is projecting $21.7 billion of fiscal fourth-quarter AI semiconductor revenue, representing approximately 62.4% of projected quarterly revenue. The implied total fiscal fourth-quarter revenue is approximately…
• VMware Customer DynamicsImportance 32 · Surprise 24
  Gartner predicts that 55% of enterprises will initiate proofs of concept for alternative distributed hybrid infrastructure products by 2029. The forecast attributes the potential VMware exit activity to customer…
• VCF Partner EcosystemImportance 31 · Surprise 42
  NetApp’s ONTAP platform has deepened its integration with VMware Cloud Foundation (VCF) 9.1. The integration enables NetApp to provide certified external enterprise storage for hybrid and multi-cloud deployments,…

News · 2026-09-21

• Revenue Performance and MixImportance 57 · Surprise 64
  Broadcom’s AI revenue increased 221% year over year in its recently reported results, exceeding the materiality threshold for year-over-year change. The company recorded its ninth consecutive earnings beat, indicating…
• AI Product Demand TrendsImportance 57 · Surprise 64
  Broadcom’s AI revenue reportedly increased 221% year over year, indicating strong demand for its AI-related products. Growth is attributed to partnerships with major hyperscalers, including Meta and OpenAI. Demand is…
• Quarterly Dividend DeclarationImportance 9 · Surprise 6
  Broadcom approved its next quarterly dividend for payment on September 30, 2026. Stockholders of record at the close of business on September 21, 2026, are eligible for the distribution. The report does not disclose…

News · 2026-09-20

• Custom AI Chip AdoptionImportance 26 · Surprise 24
  Broadcom’s custom AI accelerators and networking silicon are driving rapid growth. The company has co-design relationships with six frontier-model developers. These relationships support continued custom-chip…
• Gross Margin DriversImportance 26 · Surprise 24
  Broadcom’s custom-chip product mix is pressuring gross margins. Higher memory content in the products is contributing to the margin pressure. Increasing memory costs are intensifying the effect on gross margins, while…
• Products and TechnologyImportance 26 · Surprise 24
  Broadcom’s custom AI accelerators and networking silicon are described as key drivers of rapid growth. The company is supported by co-design relationships with six frontier-model developers, indicating broad engagement…
• TPU Supplier DiversificationImportance 23 · Surprise 24
  Google is diversifying suppliers for its custom TPU programs. The diversification could pressure Broadcom’s share of future TPU design work. Rising competition from other custom-chip suppliers adds risk to Broadcom’s…
• Competition and Market Share DynamicsImportance 23 · Surprise 24
  Google is diversifying its supplier base, which could reduce Broadcom’s share of future TPU design work. The digest also identifies increasing competition in custom AI chips as a broader threat to Broadcom’s position.…
• Custom AI Chip CompetitionImportance 23 · Surprise 24
  Broadcom’s custom AI accelerators and networking silicon are supported by co-design relationships with six frontier-model developers. The report says Google is diversifying its suppliers, increasing competition for…
• Supply Chain ConstraintsImportance 17 · Surprise 24
  Broadcom’s custom-chip product mix has higher memory content, exposing the business to rising memory costs. This input-cost pressure is specifically associated with custom AI products rather than the company’s entire…

News · 2026-09-19

• AI Revenue GuidanceImportance 100 · Surprise 100
  Broadcom reportedly says it has secured manufacturing supply sufficient to support a doubling of AI chip revenue to approximately $115 billion in the next fiscal year. The projection indicates more than 100%…
• AI Infrastructure Supply ChainImportance 89 · Surprise 82
  Broadcom reportedly has secured manufacturing supply sufficient to support doubling its AI chip revenue to approximately $115 billion next fiscal year. The arrangement indicates substantial production capacity has been…
• Revenue Performance and MixImportance 20 · Surprise 24
  Broadcom posted higher total revenue and faster year-over-year expansion than Applied Materials in the recently reported periods reviewed. Broadcom recorded sequential revenue increases in every quarter across the…

News · 2026-09-18

• AI Semiconductor Revenue GrowthImportance 88 · Surprise 100
  Broadcom expects AI semiconductor revenue to double in both fiscal 2027 and fiscal 2028, implying growth exceeding 10% in each year. The company’s AI business is growing faster than its Infrastructure Software and…
• Custom AI Chip AdoptionImportance 88 · Surprise 100
  Broadcom’s AI semiconductor business is reported to be growing substantially faster than its infrastructure software and general-purpose semiconductor solutions businesses. The company expects AI semiconductor revenue…
• AI Revenue GuidanceImportance 88 · Surprise 100
  Broadcom expects AI semiconductor revenue to double in fiscal 2027 and again in fiscal 2028. Third-party reporting attributes the outlook to continued custom-chip demand from hyperscalers. The report contrasts…

News · 2026-09-17

• Guidance and OutlookImportance 94 · Surprise 100
  Third-party reporting states that Broadcom guided AI revenue to increase 236% year over year. The reported outlook indicates continued strong demand for Broadcom’s AI semiconductor business. The 236% projection exceeds…
• Institutional Ownership ChangesImportance 3 · Surprise 6
  Formuepleje A S increased its Broadcom position 19.5% in the second quarter to 107,017 shares, adding 17,497 shares. Waverly Advisors raised its position 29.8% to 350,604 shares, while Carmignac Gestion increased its…

News · 2026-09-16

• AI Revenue GuidanceImportance 100 · Surprise 100
  Third-party reports state that Broadcom is guiding AI revenue to approximately $115 billion in FY2027 and $230 billion in FY2028. The reported outlook follows 221% year-over-year AI revenue growth and is attributed to…

News · 2026-09-15

• Revenue Performance and MixImportance 100 · Surprise 100
  Broadcom CEO Hock Tan defended fiscal 2027 and fiscal 2028 AI semiconductor revenue targets of $115 billion and $230 billion, respectively. AI revenue reportedly increased 221% year over year and represented 56% of…
• AI Infrastructure DemandImportance 91 · Surprise 88
  Broadcom CEO Hock Tan said demand for AI compute infrastructure remains strong and durable, particularly for inference workloads. Broadcom reportedly has $350 billion in AI semiconductor shipments locked for fiscal…
• AI Revenue GuidanceImportance 85 · Surprise 60
  Broadcom CEO Hock Tan defended AI semiconductor revenue targets of $115 billion for fiscal 2027 and $230 billion for fiscal 2028. He cited durable demand for AI compute infrastructure, particularly inference, and…
• AI Backlog and Revenue ProjectionsImportance 66 · Surprise 48
  Broadcom reportedly has $350 billion of AI shipments locked for fiscal 2027–2028. Anthropic is expected to become Broadcom's largest custom-chip buyer by 2027, increasing customer concentration in custom AI…
• AI Infrastructure Supply ChainImportance 64 · Surprise 42
  Broadcom’s AI semiconductor shipments for fiscal 2027–2028 were reported as approximately $350 billion, suggesting substantial customer commitments and visibility into future demand. The reporting said customer power…
• Operating Margin and MarginsImportance 26 · Surprise 24
  Broadcom's operating margin was reported at 67.9% in coverage of its AI business outlook. The margin figure was presented alongside AI revenue equal to 56% of total revenue. The same report said capital expenditures…

News · 2026-09-14

• AI Semiconductor Revenue SurgeImportance 85 · Surprise 64
  Broadcom reported a 221% year-over-year increase in AI revenue in its latest quarter. The company forecast $21.7 billion in AI semiconductor revenue. AI demand is being driven by custom accelerators and high-speed…
• AI Semiconductor DemandImportance 85 · Surprise 64
  Broadcom’s latest forecast called for $21.7 billion of AI semiconductor revenue. Its AI revenue increased 221% year over year in the latest quarter, indicating exceptionally strong demand for custom accelerators and…
• AI Infrastructure Investment OutlookImportance 81 · Surprise 64
  Third-party reports said Broadcom’s AI semiconductor revenue forecast is $21.7 billion, while its latest-quarter AI revenue increased 221% year over year. Investor concerns that AI developers may slow model development…
• Customer Dynamics and Concentration RiskImportance 31 · Surprise 42
  Broadcom CEO Hock Tan said Anthropic is expected to become the company’s largest XPU purchaser. Anthropic is expected to surpass Alphabet’s Google division as Broadcom’s largest XPU customer. The shift indicates…
• Customer DynamicsImportance 31 · Surprise 42
  Management identified Anthropic as an expected major purchaser of Broadcom XPUs. Third-party reporting said Anthropic is set to surpass Alphabet’s Google division as Broadcom’s largest XPU customer. The development…

News · 2026-09-13

• AI Revenue GuidanceImportance 100 · Surprise 100
  Broadcom CEO Hock Tan reportedly said demand already exceeds the company’s $115 billion AI revenue forecast. He expects AI revenue to double in fiscal 2027 and double again in 2028, implying two consecutive 100%…
• AI Infrastructure Supply ConstraintsImportance 89 · Surprise 82
  Broadcom reportedly secured supply sufficient to support doubling AI semiconductor revenue in each of the next two years. Despite strong AI demand, third-party analysis identifies supply constraints and potential…
• AI Semiconductor DemandImportance 78 · Surprise 64
  Broadcom’s CEO said demand for its AI products already exceeds the company’s $115 billion AI revenue forecast. The company expects AI revenue to double in fiscal 2027 and double again in fiscal 2028, reflecting…
• AI Infrastructure Investment OutlookImportance 23 · Surprise 24
  Goldman Sachs reportedly estimates that AI investment spending accounts for roughly half of S&P 500 earnings growth. The spending is concentrated among hyperscale buyers such as Microsoft and semiconductor suppliers…

News · 2026-09-12

• AI Semiconductor Revenue GrowthImportance 51 · Surprise 64
  Broadcom's AI semiconductor revenue increased 221% year over year, indicating growth well above the 10% materiality threshold. The increase was attributed to accelerating demand for custom AI chips. The reported growth…
• AI Semiconductor Revenue SurgeImportance 51 · Surprise 64
  Broadcom’s AI semiconductor revenue increased 221% year over year, exceeding the 10% materiality threshold. The reported growth was attributed to accelerating demand for custom AI chips. The comparison was published in…

News · 2026-09-11

• Guidance and OutlookImportance 100 · Surprise 100
  Third-party reporting attributes to Broadcom management a forecast for AI semiconductor revenue of $58 billion in FY26. The reported outlook calls for AI revenue to double to $115 billion in FY27 and double again to…
• AI Revenue GuidanceImportance 100 · Surprise 100
  Third-party reporting says Broadcom expects AI semiconductor revenue to reach $58 billion in fiscal 2026. The outlook projects revenue doubling to $115 billion in fiscal 2027 and doubling again to $230 billion in…
• Revenue Performance and MixImportance 89 · Surprise 82
  Third-party reporting says Broadcom’s Q3 FY26 revenue increased 85% year over year, driven by accelerating AI semiconductor sales. AI semiconductor revenue is projected at $58 billion in FY26, representing the primary…

10-Q · 2026-09-10

• AI Product Demand TrendsImportance 89 · Surprise 82
  Semiconductor solutions demand increased strongly, primarily from custom AI accelerators and AI networking products. Infrastructure software demand also grew, led by VMware Cloud Foundation (VCF), including additional…
• Capital Return ProgramImportance 82 · Surprise 82
  Broadcom paid $9,281 million of dividends during the first three fiscal quarters of fiscal 2026, compared with $8,345 million in the prior-year period, while dividends per share increased to $1.95 from $1.77. The…
• Income Tax Rate ChangesImportance 76 · Surprise 82
  The income tax provision increased to $2,187 million for the quarter and $3,853 million for the first three fiscal quarters of fiscal 2026. The comparable prior-year provisions were $1,145 million and $1,252 million,…
• Supply Chain And InventoryImportance 75 · Surprise 64
  Broadcom increased inventory to $4,523 million at August 2, 2026 from $2,270 million at November 2, 2025, an increase of approximately 99%. Management attributed the build primarily to supporting higher expected…
• AI Infrastructure FinancingImportance 71 · Surprise 60
  Broadcom established the AI XPV platform with financial partners to support more than 20 gigawatts of compute capacity through 2028. In June 2026, the platform launched with an initial $35 billion tranche to facilitate…
• AI Infrastructure DemandImportance 71 · Surprise 60
  Broadcom reported unprecedented demand for custom AI accelerators or XPUs and AI networking solutions from leading frontier AI labs, driven by demand for AI compute. The AI XPV platform is intended to enable more than…
• Revenue Performance and MixImportance 69 · Surprise 64
  Third-quarter fiscal 2026 net revenue increased $13,639 million, or 85%, to $29,591 million from $15,952 million in the prior-year quarter. Revenue for the first three fiscal quarters increased $25,217 million, or 55%,…
• Gross Margin DriversImportance 69 · Surprise 64
  Gross margin increased to $20,456 million in the quarter ended August 2, 2026 from $10,703 million in the prior-year quarter. Gross margin increased to $49,028 million for the first three fiscal quarters from $31,045…
• Operating Cash Flow and CapexImportance 69 · Surprise 64
  Cash provided by operating activities increased $13,116 million, or 66%, to $32,950 million for the first three fiscal quarters of fiscal 2026 from $19,834 million. The increase primarily reflected $15,139 million of…
• Interest Rate and Refinancing ExposureImportance 61 · Surprise 32
  Broadcom reported $61,079 million of outstanding indebtedness as of August 2, 2026, including $2,252 million payable within 12 months. Interest expense declined to $2,355 million for the first three fiscal quarters of…
• Liquidity and Debt PositionImportance 59 · Surprise 6
  Broadcom held $23,975 million of cash and cash equivalents as of August 2, 2026, compared with $16,178 million at November 2, 2025. The company had $61,079 million of outstanding indebtedness, including $2,252 million…
• Operating Expense TrendsImportance 43 · Surprise 32
  Research and development expense decreased $155 million, or 5%, to $2,895 million in the quarter, primarily because lower compensation and stock-based compensation from reduced headcount exceeded higher engineering…
• Regulatory Change - IRA Excise TaxImportance 41 · Surprise 60
  Broadcom recorded a $315 million gain during the first three fiscal quarters of 2026 from reversal of excise-tax charges related to its acquisition of VMware. The reversal followed final Inflation Reduction Act of 2022…
• Macroeconomic Factors ImpactImportance 16 · Surprise 6
  Broadcom identified evolving macroeconomic conditions as a potential source of significant revenue volatility and supply-chain disruption. The company specifically cited financial-market uncertainty and volatility,…