- Broadcom's AI semiconductor revenue rose 221% to $16.7 billion in fiscal Q3, and total revenue increased 86% with diluted EPS up 96%.
- Broadcom expects fiscal Q4 revenue of $34.8 billion, representing approximately 93% year-over-year growth and slightly below the average analyst estimate of $35 billion.
- Broadcom's custom-chip customers include Alphabet, Anthropic, OpenAI and Meta Platforms, with orders from the latter three beginning to ramp alongside Alphabet's established TPU demand.
Quotes
“I think this sell-off has created a great entry point at which to scoop up shares, as Broadcom trades for a pretty attractive price, especially when its expected fiscal 2027 earnings are considered.”