Broadcom Reports Record Q3 FY2026 Revenue Driven by AI Chip Demand
Broadcom reported record third-quarter fiscal year 2026 revenue of $29.6 billion, an 86% increase from the same period a year ago, driven primarily by strong demand for its custom AI chips. The company guided fourth-quarter revenue to approximately $34.8 billion, slightly below analysts' average estimate of $35.03 billion. Despite robust performance in semiconductor solutions and infrastructure software segments, Broadcom's stock fell over 3% in extended trading due to the guidance shortfall. The results highlight growing competitive pressures in the custom chip market, with rivals like Marvell securing major partnerships such as one with Google that could generate $120 billion through fiscal 2033. Broadcom also faces supply constraints and has taken steps to diversify its manufacturing base by entering a multi-year agreement valued at over $200 billion with Samsung Electronics.
Topics: AI chips earnings guidance revenue growth semiconductors