Broadcom reported record third quarter fiscal year 2026 results, significantly exceeding expectations on both revenue and earnings. Consolidated revenue reached $29.6 billion, driven by explosive demand for AI networking and custom accelerators, while free cash flow reached $13.7 billion, representing 46% of revenue.
Key Highlights
- AI semiconductor revenue reached $16.7 billion, representing 221% year-over-year growth and exceeding the anticipated contribution to the top line.
- Non-GAAP operating income rose 92% to $20.1 billion, maintaining a robust operating margin of 66%.
- Semiconductor solutions segment revenue grew 127% to $20.8 billion, while Infrastructure software revenue increased 29% to $8.8 billion.
- Fourth quarter revenue guidance was set at approximately $34.8 billion, implying a 93% year-over-year increase driven by continued AI momentum.