Broadcom Provides Long-Term AI Revenue Guidance Through Fiscal 2028
Broadcom (AVGO) has raised its long-term revenue guidance for artificial intelligence semiconductors, projecting $115 billion in fiscal 2027 and a doubling to $230 billion by fiscal 2028. This extended outlook reflects the company's confidence in sustained demand from major AI infrastructure clients like Alphabet (GOOG), Meta Platforms (META), OpenAI, and Anthropic. The guidance provides investors with multiyear visibility into Broadcom’s growth trajectory amid an ongoing boom in AI spending. Despite a recent stock selloff following its Q3 earnings report—where the company slightly missed revenue expectations—the long-term outlook has been well-received by analysts who remain optimistic about AVGO's potential to deliver strong earnings. The semiconductor giant, with a market cap of around $1.7 trillion, is seen as central to the AI infrastructure buildout and continues to benefit from its custom silicon solutions. Broadcom’s Q3 AI revenue surged 221% year-over-year, reinforcing management’s confidence in continued demand for accelerators and networking products.
Topics: AI revenue guidance semiconductors stock performance