Broadcom Earnings: AI Chip Sales Tripled. Here’s the $34.8 Billion Number Investors Need to Watch.
Broadcom's Q3 2026 revenue jumped 86% to $29.6 billion and adjusted EPS hit $3.32, both above Wall Street's targets, as AI chip sales more than tripled to $16.7 billion.
Overview
Broadcom Inc. (NASDAQ:AVGO) reported its Q3 results after the market closed on Wednesday, Sept. 2, 2026. Here are the headline numbers:
While the semiconductor giant's top and bottom lines grew explosively and beat Wall Street's targets, Broadcom's revenue guidance was less-than-perfect. That's making some investors nervous.
Details
The incredible growth -- unsurprisingly -- came primarily from Broadcom's AI business. Revenue from AI chips reached $16.7 billion, up 221% year over year and 54% from the previous quarter. Broadcom expects that figure to climb again to $21.7 billion in the fourth quarter, which would clock in at 236% year-over-year growth.
Source
Originally published at www.fool.com.