Broadcom reports fiscal third-quarter earnings after market close today with Wall Street laser-focused on AI semiconductor revenue, the company’s fastest-growing segment. CEO Hock Tan and CFO Kirsten Spears will host the earnings call following the release.
The company has guided for approximately $29.4 billion in total revenue, representing 84% year-over-year growth, with AI semiconductor revenue expected to reach roughly $16 billion—a more than 200% surge from the prior year. Analyst consensus calls for earnings per share of approximately $3.24, up 91.7% year-over-year, on revenue of $29.4 billion.
Broadcom’s AI infrastructure play has transformed the company’s growth profile. In the second quarter, which ended in May, the company reported $22.19 billion in revenue, up 48% year-over-year, with AI semiconductor revenue surging 143% to $10.8 billion. The company beat adjusted earnings estimates at $2.44 per share versus the $2.39 consensus, though revenue came in slightly below expectations at $22.19 billion versus $22.27 billion forecast.
The company has beaten earnings per share estimates in six straight quarters and revenue estimates in eight of the last ten quarters, extending a strong track record of execution. However, Broadcom stock has a history of declining despite earnings beats—shares fell 5% after Q4 2025 earnings despite a beat and upbeat AI-driven guidance, and dropped 13% following the Q2 2026 report even as the company raised its full-year outlook.
For the full fiscal year 2026, management has guided for approximately $56 billion in AI semiconductor revenue, signaling sustained momentum in the AI buildout. Broadcom expects to ship more than 10 gigawatts’ worth of AI chips in fiscal 2027, a slight increase from prior guidance, underscoring the scale of data center infrastructure deployment underway across the industry.
Morgan Stanley maintained an overweight rating on Broadcom ahead of today’s report, with analysts describing the earnings as “almost certainly extraordinary.” The Street’s focus will be on whether the company can deliver the $16 billion AI target and provide reassuring guidance on fiscal 2027 AI revenue, a key metric for investors assessing whether the AI infrastructure boom will sustain into next year.
Sources
- Yahoo Finance — Broadcom guidance for Q3 revenue of $29.4 billion with 84% year-over-year growth and analyst expectations for $3.24 EPS
- Broadcom Investor Relations — Official announcement of earnings release date and Q2 2026 financial results with $22.19 billion revenue and $10.8 billion AI semiconductor revenue
- Seeking Alpha — Analyst consensus expectations of $29.43 billion revenue and $3.24 EPS with 91.7% year-over-year growth
- TheStreet — Morgan Stanley overweight rating and historical context on Broadcom’s Q2 2026 earnings beat with AI semiconductor revenue of $10.8 billion up 143% year-over-year
- Reuters — Broadcom guidance for AI chip shipments exceeding 10 gigawatts in fiscal 2027
- Yahoo Finance — Historical stock reaction showing 5% decline after Q4 2025 earnings despite beat and 13% drop following Q2 2026 earnings
- Perplexity Finance — Broadcom’s six-quarter streak of beating EPS estimates and eight-of-ten-quarter revenue beat history
