[DEVELOPING] Broadcom AI-chip revenue triples to $16.7B in Q3; stock slips as Q4 guide lands just shy of expectations
Broadcom reported fiscal-Q3 revenue of $29.6B (+86% y/y) with custom AI-silicon revenue of $16.7B, up 221% y/y and 54% q/q, and guided Q4 AI revenue to $21.7B; management reiterated ~$56B AI revenue for FY2026 and >$100B for FY2027. Shares still fell ~3% after hours because Q4 total guidance (~$34.8B) sat modestly below the ~$35.0B consensus — the now-familiar pattern where an AI-infra leader's own extraordinary numbers become the floor, not the ceiling. Watch: it confirms the custom-accelerator wave (Broadcom ~70% share vs Marvell) and the OpenAI/Anthropic/Apple demand pull, but also the Google split-sourcing (Broadcom through 2031 alongside a new Marvell deal) that reshapes the NVDA-vs-custom-ASIC tape.