Broadcom Reports Q3 Revenue of $29.59 Billion, Up 86% YoY

Broadcom announced its fiscal Q3 2026 results, reporting revenue of $29.59 billion, an 86% increase from $15.95 billion in the same period last year. Adjusted earnings per share reached $3.32, exceeding expectations. Semiconductor revenue rose to $16.7 billion, while infrastructure software revenue hit $8.75 billion. CEO Hock Tan noted expanding custom chip partnerships with Anthropic, OpenAI, Google, and Meta. The company projects Q4 revenue of $34.8 billion and aims for AI revenue of $115 billion in fiscal 2027 and $230 billion in 2028.