Broadcom Is Sitting at $370 and Wall Street Suddenly Has Doubts About Its AI Business
AI semiconductor revenue rose 221% to $16.7 billion as Broadcom topped revenue and profit estimates and guided for stronger growth.
- Broadcom reported record fiscal 2026 third-quarter revenue of $29.6 billion, climbing 86% year over year, as AI-centric semiconductor revenue soared 221% to $16.7 billion.
- CEO Hock Tan stated, "Demand for our custom AI accelerators and networking continues to be very strong," positioning Broadcom as a bellwether in the AI-centric industry.
- CFO Amie Thuener noted operating cash flow of $14.2 billion drove free cash flow of $13.7 billion, while adjusted EPS of $3.32 jumped 96% year over year.
- Despite delivering high double-digit revenue growth, the stock fell 0.66% to $367.24; Broadcom announced a quarterly dividend of $0.65 per share, payable on Sept. 30 to shareholders of record on Sept. 21.
- Broadcom guided for fourth-quarter revenue of $34.8 billion, accelerating to 93% year-over-year growth, while the PEG ratio of 0.49 suggests the stock remains undervalued.
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BizTocBroadcom Is Sitting at $370 and Wall Street Suddenly Has Doubts About Its AI Business
Broadcom's AI revenue has nearly doubled in a single quarter, yet the stock sits 25% below its summer peak as long-dated options signal that big money is bracing for something to go wrong before the critical December earnings report.
Broadcom’s AI chip revenue triples to $16.7B — custom silicon now undercuts Nvidia
Broadcom posted fiscal third-quarter AI chip revenue of $16.7 billion — a 221 percent increase from a year ago. Behind the figure is a bet Hock Tan made years ago, and three of the world’s most valuable technology companies are now paying to prove it right.
(Teleborsa) - Broadcom is heading towards a red seat on Wall Street, with the title that currently yields more than 3% in trading before the opening bell in the aftermath of the accounts. The tech company that...
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