Broadcom Q3 Revenue Soars 86% to $29.6B on AI Demand; Q4 Guidance of $34.8B Tops Estimates
AVGO sits 22% above its 52-week low of $289.96.
Summary
Broadcom reported Q3 FY26 revenue of $29.6B (up 86% YoY) and guided Q4 revenue to $34.8B (up 93% YoY), driven by surging AI semiconductor demand. The company also declared a $0.65 quarterly dividend.
Updates
· Wiseek News — Management raised FY26 AI revenue guidance to ~$58B. CEO Hock Tan said Anthropic plans 5 GW of TPU 8i deployments in 2027, possibly expanding to 10 GW, and OpenAI's Jalapeno project is set for 1.3 GW deployment next year. Stock fell 4-6% after the report; Macquarie upgraded to Outperform with targets $475-$600.
· Dow Jones Newswires — Q3 net income was $13.09 billion, or $2.68 a share, up from $4.14 billion a year earlier; adjusted EPS was $3.32, beating the $3.22 consensus. AI semiconductor revenue is expected to double to $115 billion in fiscal 2027, with line of sight to $230 billion in 2028.
Key Events · Earnings and Guidance · AVGO
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Record Q3 Revenue of $29.6B
Q3 FY26 revenue grew 86% year-over-year to $29.6B, with AI semiconductor revenue of $16.7B up 221% YoY and 54% QoQ.
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Q4 Guidance of $34.8B
Q4 FY26 revenue guidance of approximately $34.8B represents 93% YoY growth, with AI semiconductor revenue expected to accelerate to $21.7B (up 236% YoY).
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Strong Profitability and Cash Flow
Non-GAAP operating income of $20.1B (up 92% YoY) and free cash flow of $13.7B (46% of revenue) highlight operating leverage and cash generation.
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Quarterly Dividend Declared
Board declared a $0.65 per share quarterly dividend, payable September 30, 2026 to shareholders of record on September 21, 2026.
Analysis · AVGO · Manufacturing
Broadcom delivered record Q3 results driven by explosive AI semiconductor growth — AI revenue of $16.7B grew 221% year-over-year and 54% sequentially. The company guided Q4 revenue to $34.8B, up 93% year-over-year, with AI semiconductor revenue expected to accelerate to $21.7B. Free cash flow of $13.7B (46% of revenue) underscores the cash-generating power of the AI franchise. This confirms the AI-driven growth narrative and extends it into Q4, with the Apple ASIC agreement through 2031 and Samsung MOU providing multi-year visibility.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 37.9% of the 895 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.87%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AVGO was trading at $353.27 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $1.7T. The 52-week trading range was $289.96 to $495.00. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.