AVGO · News · 20260922N

AI Revenue Guidance

Broadcom Inc. · 2026-09-22 · Importance 75 · Surprise 60 · In source text

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 $34.8 billion based on that mix. Management is expected to target $230 billion of AI semiconductor revenue in fiscal 2028, dependent on secured supply and continued hyperscaler demand. The increasing AI mix highlights greater reliance on AI-related sales and a concentrated customer base, while profitability margins remain a key execution risk.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
revenuepositiveprobable+36.7%Broadcom is projecting $21.7 billion in fiscal fourth-quarter AI semiconductor revenue.
revenuepositiveprobable—Management expects Broadcom to reach $230 billion in AI semiconductor revenue in fiscal year 2028.