- Broadcom is scheduled to report fiscal Q3 earnings after the market close on Sept. 2, with its prior AI semiconductor revenue outlook of more than 200% year-over-year growth to $16 billion as the central investor checkpoint.
- The earnings setup follows a sharp post-Q2 selloff after Broadcom did not raise its 2027 AI revenue target; options imply an approximately 8% move by the end of the week.
- Alphabet's expanded commercial relationship with Marvell has intensified concern over Broadcom's custom-chip exposure, although Morningstar analyst William Kerwin characterized the arrangement as an expansion of Alphabet's chipmaking partners rather than Broadcom displacement.
- Broadcom's fiscal Q2 revenue rose 48% year over year to $22.18 billion, while AI semiconductor revenue rose 143% to $10.8 billion.
Quotes
“The momentum continues, and in Q3 we expect semiconductor revenue from AI to grow over 200% year-over-year to $16 billion”