Broadcom Earnings Today: Outlook Shows Surging AI Chip Sales

Live updates

1. 6d ago

   Broadcom Targets $230 Billion AI Revenue by 2028

   Broadcom expects its AI semiconductor revenue to reach $230 billion by fiscal year 2028, doubling its target annually over the next two years. The company reported $16.7 billion in AI semiconductor revenue for fiscal Q3 2026, a 221% year-over-year increase. Management now targets $115 billion for fiscal 2027, supported by secured supply. While these projections indicate massive growth driven by custom AI chips for firms like OpenAI and Anthropic, the stock price has not yet fully reflected these forecasts.

   Why it matters

   Broadcom is scaling its custom AI chip business to meet spending increases from large technology firms. This growth strategy depends on maintaining secured supply chains to meet aggressive revenue targets. The company's performance is a key indicator of broader AI infrastructure investment.

   What is confirmed

   • Broadcom expects AI semiconductor revenue to reach $115 billion in fiscal 2027.
   • Broadcom projects AI semiconductor revenue will hit $230 billion by fiscal 2028.

   Still unconfirmed

   • Broadcom's AI semiconductor revenue reached $16.7 billion in fiscal Q3 2026.
   • Broadcom's AI semiconductor revenue grew 221% year-over-year in fiscal Q3 2026.

   What to watch next

   • Fiscal 2027 revenue reports to verify progress toward the $115 billion target
   • Changes in stock price reacting to the updated AI revenue forecasts
   Sources used for this update (5)

   1. hdfcsky.com — Dow, S&P 500 Post Modest Weekly Gains as Hot Jobs Data Lifts Rate-Hike Odds to 60%; Nasdaq Gains 0.55% on AI Chip Rally
   2. www.fool.com — What to Invest in for the Next 5 Years: My Prediction Is Boring, and That's the Point
   3. seekingalpha.com — Broadcom's $230 Billion AI Bet Gets Real
   4. cryptobriefing.com — Broadcom’s AI revenue is set to double again next year, and the numbers are staggering
   5. www.fool.com — Broadcom anticipates AI revenue doubling annually for the next two years
   confidence 90%
2. 11d ago

   Broadcom Forecasts AI Revenue Surge to $230 Billion by 2028

   Broadcom reported soaring third-quarter profits driven by increased demand for custom AI chips. CEO Hock Tan projected AI revenue will reach $230 billion by 2028, a figure four times the current year's level. The company raised its AI chip forecast as large technology firms increase spending. Despite these strong earnings and a bullish long-term outlook, Broadcom stock fell in after-hours trading. The company's growth is supported by partnerships with AI labs including OpenAI and Anthropic.

   Why it matters

   Custom AI chips allow big tech firms to optimize hardware for specific large language models. Broadcom competes in a high-stakes market where infrastructure spending by hyperscalers dictates growth. The projected revenue ramp depends on the continued expansion of AI labs and corporate AI adoption.

   What is confirmed

   • Broadcom third-quarter profits increased due to growing demand for custom chips.
   • CEO Hock Tan projected AI revenue of $230 billion by 2028.
   • Broadcom raised its AI chip sales forecast.
   • Broadcom stock decreased in after-hours trading following the earnings report.

   Still unconfirmed

   • AI chip sales tripled.
   • Broadcom sees $230 billion in AI revenue driven specifically by OpenAI and Anthropic.
   • Wall Street sees nearly 40% upside for the company.

   What to watch next

   • Quarterly revenue reports confirming the trajectory toward the 2028 goal
   • Further guidance on the $34.8 billion investor metric
   • Market reaction to future Big Tech infrastructure spending updates
   Sources used for this update (14)

   1. WSJ — Broadcom Third-Quarter Profit Soars on Growing Custom Chip Demand
   2. CNBC — Broadcom delivers strong earnings view as CEO touts growth with AI labs
   3. Bloomberg.com — Broadcom Predicts Surge in AI Chip Sales Over Next Two Years
   4. Reuters — Broadcom raises AI chip forecast as Big Tech keeps writing bigger checks
   5. Barron's — Broadcom’s Outlook Shows Surging AI Chip Sales
   6. Yahoo Finance — Broadcom Sees $230B In AI Revenue By 2028, Driven By 'Geniuses' OpenAI, Anthropic: Analyst Says Some Risks Remain Unresolved
   7. Yahoo Finance — Hock Tan Just Put a $230 Billion Number on Broadcom's 2028 AI Revenue. That Is 4 Times This Year's.
   8. Investor's Business Daily — Broadcom Forecasts Steep Ramp In AI Revenue
   9. Yahoo Finance — Broadcom Earnings: AI Chip Sales Tripled. Here’s the $34.8 Billion Number Investors Need to Watch.
   10. Morningstar — Broadcom Earnings: Bullish 2028 Outlook
   11. Yahoo Finance Singapore — Wall Street sees nearly 40% upside for one AI chip giant
   12. WSJ — Broadcom Stock Falls Afterhours Despite Strong Earnings Report
   confidence 90%