United States · Business news · AI & Tech · 02 Sept 2026
AI: Chips and hardware · Broadcom — more AI news
Broadcom reported revenue of $29.6 billion for its fiscal third quarter, up 86% from a year earlier. AI semiconductor revenue was $16.7 billion, up 221% on the year and 54% on the previous quarter. The company guided fourth-quarter revenue to about $34.8 billion, a 93% increase, including AI semiconductor revenue of $21.7 billion, up 236%. Cash from operations was $14.2 billion and capital expenditure $0.5 billion, giving free cash flow of $13.7 billion, or 46% of revenue.
Broadcom designs custom AI accelerators and networking chips for large cloud and AI companies, so its $16.7 billion of AI chip revenue is those customers' spending on alternatives and complements to Nvidia's processors. Because manufacturing is outsourced, mainly to foundries such as TSMC, Broadcom spent $0.5 billion on capex and kept $13.7 billion as free cash flow. Its guidance of $21.7 billion in AI revenue for one quarter is a company figure, not an outside estimate.
Reported by Broadcom (SEC Form 8-K) — “Broadcom Inc. Announces Third Quarter Fiscal Year 2026 Financial Results and Quarterly Dividend” ↗ on 02 Sept 2026.
Official series on 02 Sept 2026 or the last day before it, and the latest observation.
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