Broadcom Reports 86 Percent Revenue Increase Driven by AI Semiconductor Demand

Broadcom reported third quarter fiscal 2026 revenue of 29.59 billion dollars, an 86 percent increase year-over-year, driven by strong artificial intelligence semiconductor demand. The chipmaker's AI semiconductor revenue surged 221 percent year-over-year to 16.7 billion dollars, with net income reaching 13.09 billion dollars for the quarter ended Aug. 2. The company's board approved a quarterly dividend of 65 cents per share.

Broadcom Inc. posted third-quarter fiscal 2026 revenue of $29.59 billion, an 86 percent increase year-on-year, driven by robust appetite for artificial intelligence chips. The firm recorded GAAP net income of $13.09 billion for the three-month period ending 2 August, a 216 percent increase from $4.14 billion reported in the equivalent quarter a year earlier. Adjusted earnings per share climbed to $2.68, up from $0.85 in the prior-year period. Broadcom's chip division posted $20.84 billion in revenue, a 127 percent increase from the prior year, representing 70 percent of the company's total earnings. Revenue from infrastructure software climbed 29 percent, reaching $8.75 billion. Broadcom's Hock Tan noted that appetite for the chipmaker's bespoke AI accelerators and networking offerings held up well. Revenue from AI semiconductors climbed 221 percent compared with the same period a year earlier and 54 percent from the prior quarter, reaching 16.7 billion dollars. Broadcom's Chief Financial Officer Amie Thuener reported that the company posted all-time highs in revenue, operating profit, and free cash flow during the third quarter. A quarterly cash dividend of 65 cents per share was authorised by the board, with payment scheduled for Sept. 30 to holders of record as of Sept. 21.

Broadcom Reports 86 Percent Revenue Increase Driven by AI Semiconductor Demand

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Broadcom Reports 86 Percent Revenue Increase Driven by AI Semiconductor Demand

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