Broadcom Q3 2026: AI Revenue Hits $16.7 Billion, Up 221%
As seen on the 24/7 Wall St. homepage on September 2, 2026.
AI demand is now the whole story here: management guides to $21.7 billion in AI semiconductor revenue in the fourth quarter alone, up 236% year over year. Ignoring it means missing a nine quarter EPS streak still intact.
Continue ReadingShow less
Demand for custom AI accelerators and networking chips now defines the business: AI semiconductor revenue of $16.7 billion grew 221% year over year, lifting Semiconductor Solutions to 70% of total company revenue.
Adjusted non-GAAP EPS of $3.32 came in above the $3.24 consensus, extending a streak of beats that now runs nine straight quarters.
Free cash flow reached $13.66 billion in the quarter, equal to 46% of revenue, a conversion rate showing how little incremental capital the AI chip business requires relative to what it generates.
Sponsored
Twelve Tabs, One Thesis
Your Research Resets Every Morning
The quote page in one tab. Filings in another. A chart you rebuilt from scratch, a transcript you never went back and found, a screener whose settings you will redo next week. Nothing you built yesterday is still there.
AlphaSpace replaces all of it with one screen you arrange yourself. Earnings calendar, estimate versus actual, the call transcript, live news, your own charts, every panel wired to whatever ticker you click. Close the browser and it is all still sitting there tomorrow.
See What a Built View Looks Like →
(Sponsor)
Management guides Q4 AI semiconductor revenue to $21.7 billion, up 236% year over year. CEO Hock Tan stated plainly: "In Q4 the momentum continues, and we expect AI semiconductor revenue to accelerate to $21.7 billion, up 236% year-over-year."
Broadcom also declared a quarterly cash dividend of $0.65 per share, payable September 30 to shareholders of record as of September 21. The company separately unveiled VMware-based private AI cloud platforms ahead of the earnings release, a signal that it is working to broaden its AI revenue base beyond hyperscale custom chip contracts and into enterprise infrastructure.
Mentioned: AVGO