Broadcom Inc
- Broadcom decreased 3.6% to $354.0 after the company reported results for its fiscal third quarter ending on August 2.
Despite beating expectations and issuing a strong outlook, Broadcom's stock dropped as much as 6% in extended trading following the report.
Revenue surged 86% to $29.6 billion from $15.9 billion, net income advanced 216% to $13.1 billion from $4.2 billion, and diluted earnings per rose to $2.68 from 65 cents a year ago.
Broadcom's AI semiconductor revenue soared 221% and 54% annually and sequentially to $16.7 billion, driven by robust demand for custom AI accelerators and networking tools.
"In Q4 the momentum continues, and we expect AI semiconductor revenue to accelerate to $21.7 billion, up 236% from a year ago," said Hock Tan, president and CEO of Broadcom Inc.
Across business segments, semiconductor solutions revenue advanced 127% from a year ago to $20.8 billion, while infrastructure software revenue climbed 29% to $8.8 billion.
Sep 3, 2026
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