Broadcom Reports Sharp Rise in AI Semiconductor Revenue

Broadcom released its quarterly results. AI semiconductor revenue hit $16.7B in the latest quarter, up 221 percent year over year and 54 percent sequentially. Total revenue reached $29.6B, an 86 percent increase. Executives said demand stayed hot and six XPU customers are speeding adoption of custom accelerators. Posts also cite company projections for AI semiconductor revenue reaching $115B in 2027 and $230B in 2028. One observer noted heavy dependence on future ramps at Anthropic and OpenAI while Google received vaguer guidance.