Companies /Technology

Broadcom Inc

NASDAQ: AVGO Semiconductors
$339.27
▼ $5.45 (−1.58%) today
Markets closed · 9:24pm ET

Q3 2026 Earnings

Reported Sep 2, 2026, 4:26pm ET · SEC source
$3.32
Beat +2.53%
EPS · est. $3.24 Adjusted
$29.6B
Beat +0.53%
Revenue · est. $29.4B
10 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−3%0+3%+6%Sep 2Sep 3report 4:26pm ETearnings+1.1%+1.3%
−3%0+3%+6%Sep 2Sep 3earnings+1.1%+1.3%
AVGO +1.3%S&P 500 +1.1%
−3%0+3%+6%Sep 2Sep 3report 4:26pm ETearnings+1.2%+1.3%
−3%0+3%+6%Sep 2Sep 3earnings+1.2%+1.3%
AVGO +1.3%NASDAQ +1.2%
−3%0+3%Sep 1Sep 10report 4:26pm ETearnings−0.8%+2.1%
−3%0+3%Sep 1Sep 10earnings−0.8%+2.1%
AVGO +2.1%S&P 500 −0.8%
−3%0+3%Sep 1Sep 10report 4:26pm ETearnings+0.1%+2.1%
−3%0+3%Sep 1Sep 10earnings+0.1%+2.1%
AVGO +2.1%NASDAQ +0.1%
−2.74%
Day of report
+0.21%
Next session
+1.35%
One week

Did AVGO Beat Earnings? Q3 2026 Results

Broadcom delivered a powerful fiscal third quarter, beating Wall Street expectations across the board and extending its consecutive EPS beat streak to nine straight quarters. Adjusted non-GAAP EPS of $3.32 topped the $3.24 consensus estimate by 2.53%, while revenue of $29.59 billion edged past the $29.44 billion forecast by 0.53% and surged 85.5% year over year. The headline driver was an extraordinary acceleration in AI semiconductor demand, with AI chip revenue reaching $16.70 billion in the quarter, up 221% year over year, propelling the Semiconductor Solutions segment to $20.84 billion and 70% of total company revenue. Free cash flow of $13.66 billion, equal to 46% of revenue, underscored the financial scale of that growth. Looking ahead, Broadcom guided Q4 revenue to approximately $34.80 billion, implying 93% year-over-year growth, with AI semiconductor revenue expected to reach $21.70 billion; separately, the company's pre-earnings unveiling of VMware-based private AI cloud platforms signals an effort to broaden its AI revenue base well beyond hyperscale custom chip contracts.

Key Takeaways
  • AI semiconductor revenue of $16.7 billion grew 221% year-over-year and 54% quarter-over-quarter
  • Strong demand for custom AI accelerators and networking
  • Semiconductor Solutions segment revenue up 127% year-over-year to $20.8 billion
  • Infrastructure Software revenue up 29% year-over-year to $8.8 billion
  • Free cash flow of $13.7 billion representing 46% of revenue

“Demand for our custom AI accelerators and networking continues to be very strong. Q3 AI semiconductor revenue of $16.7 billion grew 221% year-over-year, and 54% quarter-over-quarter.”

Broadcom CEO, on the earnings call

Forward Guidance & Outlook

Broadcom guided Q4 fiscal 2026 revenue to approximately $34.8 billion, representing 93% year-over-year growth. Non-GAAP operating income is expected to be approximately 66% of projected revenue. AI semiconductor revenue is expected to accelerate to $21.7 billion in Q4, up 236% year-over-year. The company noted guidance is based on current business trends and conditions.

AVGO YoY Financials

Q3 2026 vs Q3 2025 · SEC filings Q3 2025 Q3 2026
$0$9.0B$18.0B$27.0B$16.0B$29.6BRevenue$10.7B$20.5BGross Profit$5.9B$16.0BOperating Income$4.1B$13.1BNet Income
$0$9.0B$18.0B$27.0BRevenueGross ProfitOperating IncomeNet Income

AVGO Revenue by Segment

Semiconductor Solutions$20.8B+127.0%
Infrastructure Software$8.8B+29.0%

Figures from SEC filings and company reports. Not investment advice.