Broadcom (AVGO) Q3 2026 Earnings
How Did AVGO Stock React to Q3 2026 Earnings?
S&P 500 over the same 30 days: +0.77%.
Did AVGO Beat Earnings? Q3 2026 Results
Yes. Broadcom reported Q3 2026 earnings of $3.32 a share on Sep 2, 2026, beating the $3.24 consensus estimate by 2.5%. Revenue was $29.6B against a $29.4B estimate.
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.
- 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
What Is Broadcom's 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
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $29.6B | $16.0B | +85.5% |
| Gross Profit | $20.5B | $10.7B | +91.1% |
| Operating Income | $16.0B | $5.9B | +171.0% |
| Net Income | $13.1B | $4.1B | +216.1% |
AVGO Revenue by Segment
When Does Broadcom Report Next?
Figures from SEC filings and company reports. Not investment advice.