AVGO · News · 20261001N
Revenue Performance and Mix
Broadcom Inc. · 2026-10-01 · Importance 75 · Surprise 64 · Contradicted
Broadcom’s third-quarter fiscal 2026 revenue increased 86% year over year. AI semiconductor revenue rose 221% year over year and represented more than 56% of total quarterly revenue. The reported growth indicates a significant mix shift toward AI semiconductor products and networking equipment. AI revenue is projected in the report to quadruple by fiscal 2028, although that projection is forward-looking and not a reported result.
Key facts
- Broadcom's expense control drove 96% adjusted EPS growth and a 68% non-GAAP operating margin. source
- The forward P/E for Broadcom has contracted to 29.85 and AI revenues are projected to quadruple by FY2028 (analyst assertion). source
- AI semiconductor revenue accounted for over 56% of Broadcom's total revenue in its recent quarter. source
- Broadcom's Q3 FY2026 revenue was up 86% year-over-year and AI semiconductor revenues surged 221%. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +46.2% | Broadcom's Q3 FY2026 revenue was up 86% year-over-year and AI semiconductor revenues surged 221%. |
| revenue | positive | realized | +38.5% | Broadcom's Q3 FY2026 revenue was up 86% year-over-year and AI semiconductor revenues surged 221%. |
| net_income | positive | realized | — | Broadcom's expense control drove 96% adjusted EPS growth and a 68% non-GAAP operating margin. |
| margin | positive | realized | — | Broadcom's expense control drove 96% adjusted EPS growth and a 68% non-GAAP operating margin. |
| revenue | positive | contingent | — | The forward P/E for Broadcom has contracted to 29.85 and AI revenues are projected to quadruple by FY2028 (analyst assertion). |