Broadcom reported fiscal Q3 2026 revenue of $29.59 billion, with AI semiconductor revenue hitting $16.7 billion, a 221% year-over-year increase. The company raised its full-year AI revenue forecast to $58 billion and unveiled ambitious projections of $115 billion for fiscal 2027 and $230 billion for fiscal 2028. Despite these strong figures, the stock trades around $353, roughly 29% below its 52-week high, and is up only 6% year-to-date. The shares fell after the company guided Q4 fiscal 2026 revenue of approximately $34.8 billion, slightly below analyst expectations, triggering a sell-the-news reaction. Key clients include Google, Meta, OpenAI, and Anthropic, all committed to multi-billion-dollar AI infrastructure spending.
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