Broadcom AI Revenue Forecasted to Reach $230B by 2028

Broadcom Inc. reported strong third-quarter financial results, driven by a significant surge in artificial intelligence semiconductor sales, and provided an ambitious long-term outlook that projects AI revenue to reach $230 billion by fiscal year 2028. The company announced these figures on September 2, 2026, following its earnings call. For the third fiscal quarter, Broadcom posted total revenue of $29.6 billion, an increase of 86 percent year-over-year, surpassing analyst expectations. The company's AI semiconductor segment was a standout performer, generating $16.7 billion in revenue, a 221 percent jump from the same period last year. Non-GAAP earnings per share came in at $3.32, exceeding analyst estimates. Free cash flow for the quarter was $13.7 billion, representing 46 percent of revenue. Looking ahead to the fourth fiscal quarter, Broadcom guided for revenue of approximately $34.8 billion, a 93 percent increase year-over-year. The company expects AI semiconductor revenue to accelerate to $21.7 billion in the fourth quarter, marking a 236 percent year-over-year increase.