Broadcom AI Chips Revenue Surges 86% to $29.6B as OpenAI, Google, Anthropic Drive Custom Accelerator Demand
Broadcom reported fiscal Q3 2026 revenue of $29.59 billion, up 86% year-over-year, driven by surging demand for custom AI accelerators from OpenAI, Google, Anthropic, and Meta. CEO Hock Tan projects AI semiconductor revenue will reach $115 billion in fiscal 2027 and double again to $230 billion by 2028, though supply chain constraints and memory costs are pressuring gross margins.