From Alphastreet - Earnings Decoded. Market Intelligence Delivered · Newsdesk · · 1m
Broadcom AI Growth Meets Margin Expectations
Broadcom's Q3 AI semiconductor revenue hits $16.7B, up 221% YoY, with strong margin guidance for Q4.
In brief
Broadcom's Q3 AI semiconductor revenue hits $16.7B, up 221% YoY, with strong margin guidance for Q4. Broadcom reported $29.6B Q3 revenue, 86% YoY growth, with AI semiconductor revenue at $16.7B and infrastructure software at $8.8B. Originally reported by Alphastreet - Earnings Decoded. Market Intelligence Delivered.
Q3 Fiscal 2026 Results
Broadcom reported $29.6 billion revenue for Q3 fiscal 2026, up 86% year over year.
AI Semiconductor Growth
AI semiconductor revenue reached $16.7 billion, up 221% year over year, with Q4 guidance at $21.7 billion.
Infrastructure Software
Infrastructure software revenue totaled $8.8 billion, up 29% year over year, supporting VMware integration.
Operating Margins
Non-GAAP operating income of $20.1 billion represented 68% of Q3 revenue, with Q4 guidance at 66% of projected revenue.
Free Cash Flow
Q3 free cash flow was $13.7 billion, or 46% of revenue, with $24.0 billion in cash and cash equivalents.
Investor Watch Points
Investors should monitor AI semiconductor growth, margin quality, VMware integration, and balance-sheet discipline.
What it means
Broadcom reported $29.6B Q3 revenue, 86% YoY growth, with AI semiconductor revenue at $16.7B and infrastructure software at $8.8B.
