Broadcom reported $16.7 billion in AI semiconductor revenue for fiscal Q3 2026, a 221% year-over-year increase. Custom ASICs account for 73% of AI revenue, with clients including Google, Meta, OpenAI, and Anthropic. The company claims a 70-80% market share in custom AI accelerator design. Broadcom raised its fiscal 2026 AI revenue guidance to approximately $58 billion and forecasts around $115 billion for 2027 and $230 billion for 2028, with a backlog exceeding $73 billion. The company ties these projections to multi-gigawatt data center deployments required to meet demand.
Source: Read the original article
