Broadcom just posted a quarter that makes most of the semiconductor industry look like it’s standing still. The company’s Q3 fiscal year 2026 revenue came in at roughly $29.4 billion, an 84% jump compared to the same period last year, with AI semiconductor revenue alone projected above $16 billion.
That AI figure represents growth north of 200% year-over-year. To put that in perspective, Broadcom’s entire AI chip business in one quarter is now larger than what many standalone semiconductor companies generate in a full year.
AI is now the majority of the business
The most striking detail isn’t just the raw revenue number. It’s the composition. AI semiconductors are expected to account for roughly 54% of Broadcom’s total quarterly revenue, meaning the company’s identity has fundamentally shifted.
The trajectory has been steep. In Q2 FY2026, Broadcom reported actual revenue of $22.19 billion, up 48% year-over-year, with AI semiconductor revenue of $10.8 billion, a 143% increase. Going from $10.8 billion to above $16 billion in a single quarter is the kind of sequential acceleration that typically makes analysts re-examine their models.
