Broadcom (AVGO) Q3 earnings report 2026

Key Points:

• Broadcom reported fiscal Q4 earnings per share of $3.32 and revenue of $29.59 billion, both slightly above analyst expectations, but its guidance for the current quarter's revenue at $34.8 billion fell short of the $35.03 billion forecast, causing shares to drop 5% in extended trading.
• The company's revenue surged 86% year-over-year to $29.59 billion, with net income more than tripling to $13.09 billion, driven by strong demand for its custom AI chips used by major clients like Google, Meta, and OpenAI.
• Broadcom highlighted continued growth in AI chip shipments, including its Jalapeno chip for OpenAI and custom accelerators for Meta, with plans for multi-gigawatt deployments of AI processors through 2027 and expectations of doubling AI chip revenue to $230 billion by fiscal 2028.
• Despite its strong performance, Broadcom's stock has underperformed broader market indexes in 2026, gaining about 6% compared to the S&P 500's 12% increase year-to-date.
• Semiconductor revenue more than tripled to $16.7 billion, beating estimates, while infrastructure software revenue was slightly below consensus, reflecting Broadcom's diversified business amid the AI-driven semiconductor boom.