Broadcom CEO Projects AI Revenue Doubling to $115 Billion in 2027 and Again to $230 Billion in 2028

Broadcom reported fiscal third-quarter 2026 AI semiconductor revenue of $16.7 billion, up 221% year over year and 54% quarter over quarter, beating Wall Street expectations and building on the company's rapid AI growth trajectory. Total Q3 revenue came in around $29.4 billion, with infrastructure software contributing $8.75 billion, slightly below the $8.82 billion consensus estimate.

CEO Hock Tan used the earnings call to lay out an unusually long-range roadmap, saying Broadcom has secured supply to double its AI revenue to approximately $115 billion in fiscal 2027, and has line of sight to double that figure again to $230 billion in fiscal 2028. Tan also said the company is on track to exceed earnings per share of $30 in fiscal 2028. The 2027 target was previously framed as a greater-than-$100 billion goal; the new $115 billion figure sharpens that commitment.

For the fourth quarter of fiscal 2026, ending November 1, Broadcom guided revenue to approximately $34.8 billion, representing roughly 93% year-over-year growth. Non-GAAP operating income for the quarter is expected to be about 66% of projected revenue. During the quarter, Broadcom highlighted its custom Jalapeno AI accelerator chip developed with OpenAI, and Apple announced it would increase its Broadcom spending for U.S. chip production. Despite the strong AI results, Broadcom shares had gained only about 6% in 2026 through Wednesday's close, trailing the S&P 500's 12% advance.